Zelio E-Mobility board approves ₹1,000 crore borrowing limit for AGM
- Zelio E-Mobility board approves borrowing powers up to ₹1,000 crore
- 5th AGM scheduled for September 30, 2026 via video conferencing
- Remote e-voting opens on September 27 with cut-off date of September 23
- Jagsir Singh & Associates re-appointed as Secretarial Auditor for five years

*this image is generated using AI for illustrative purposes only.
Zelio E-Mobility board of directors approved a significant increase in borrowing powers up to ₹1,000 crore during its meeting held on September 7, 2026. The decision requires shareholder approval at the upcoming annual general meeting scheduled for September 30, 2026.
The company also released its Annual Report for FY26 and the notice for the 5th Annual General Meeting (AGM). The board considered and approved the Board Report, Management Discussion & Analysis Report, and Secretarial Audit Report for FY26.
Key Agenda Items
The board addressed several governance and strategic matters during the session:
- Re-appointment of M/s Jagsir Singh & Associates as Secretarial Auditor for five financial years from 2026-27 to 2030-31.
- Re-appointment of Mr. Kunal Arya as Managing Director, who is liable to retire by rotation.
- Revision in remuneration for Chairman and Whole Time Director Mr. Niraj Arya, Whole Time Director Mr. Deepak Arya, and Managing Director Mr. Kunal Arya.
Strategic Powers Enhanced
Subject to shareholder approval, the board increased specific corporate powers under the Companies Act, 2013:
| Power Category | Limit | Section |
|---|---|---|
| Borrowing Powers | ₹1,000 crore | 180(1)(c) |
| Sale/Lease of Undertaking | ₹1,000 crore | 180(1)(a) |
| Loans/Guarantees/Investments | ₹1,000 crore | 186 |
These enhancements provide the company with greater flexibility in capital management and asset disposal strategies.
AGM and E-Voting Details
The 5th Annual General Meeting is scheduled for September 30, 2026, at 4:00 pm through Video Conferencing or Other Audio Visual Means. M/s Jagsir Singh & Associates has been appointed as the Scrutinizer for the e-voting process. Central Depository Services (India) Limited (CDSL) is appointed as the e-voting agency.
Members holding shares as on the cut-off date of September 23, 2026, are eligible to vote. The remote e-voting facility will commence on September 27, 2026, at 9:00 am and end on September 29, 2026, at 5:00 pm.
Mr. Kunal Arya, Managing Director, signed the disclosure pursuant to Regulation 30 of the SEBI Listing Obligations & Disclosure Requirements Regulations, 2015.
Historical Stock Returns for Zelio E-Mobility
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.99% | -2.34% | +18.78% | +141.19% | 0.0% | 0.0% |
How does the proposed ₹1,000 crore borrowing limit compare to Zelio E-Mobility's current debt levels and projected capital expenditure for FY27?
What specific strategic initiatives or acquisitions is the company likely to pursue with the enhanced powers for sale/lease of undertaking and investments?
Will the revised remuneration structure for key directors be justified by performance-linked incentives, and how might this impact shareholder sentiment at the AGM?


































