Zelio E-Mobility Limited has formally announced the appointment of Mr. Divyanshu Agarwal as its new Chief Executive Officer with effect from April 15, 2026. The appointment was approved through a board resolution passed by circulation on the same date, following the recommendation of the company's Nomination and Remuneration Committee.

Regulatory Filing Details

The company has submitted the formal intimation to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Managing Director Kunal Arya and includes comprehensive details as required under the applicable SEBI circulars and master circular dated November 11, 2024.

Professional Background and Experience

Mr. Agarwal brings extensive experience across multiple business functions to his new role. He is a Chartered Accountant with diverse expertise spanning finance, strategy, business growth and technology sectors. His professional journey includes significant tenure with Navi Limited, where he has been associated since November 2021.

At Navi Limited, Mr. Agarwal currently serves as head of the UPI Business team since October 2024, where he has been instrumental in driving business growth, establishing strategic partnerships and enhancing operational efficiencies. Prior to this role, he worked closely with the Founder & Chairman on strategic cross-functional projects covering business, finance, product, HR and legal functions.

Educational Credentials and Early Career

Mr. Agarwal's professional foundation was built during his articleship with Price Waterhouse Chartered Accountants (PwC), Kolkata, where he handled statutory audits of large listed companies. His educational credentials include Chartered Accountant qualification and B.Com (Hons.) degree from St. Xavier's College, Kolkata.

Key Contributions and Strategic Initiatives

During his tenure at Navi Limited, Mr. Agarwal played a crucial role in several significant corporate initiatives including DRHP (Draft Red Herring Prospectus) process, private equity fund raise initiatives, and strategic cross-functional project management. His involvement in UPI business development and growth has been particularly noteworthy.

Regulatory Compliance and Independence

The company has confirmed that Mr. Agarwal meets all regulatory requirements for the CEO position. According to the formal filing, he is not related to any Director, Key Managerial Personnel, Promoter or Promoter Group of the Company, ensuring independence in his role. Additionally, he is not debarred from holding office by the Securities and Exchange Board of India or any other regulatory authority.

The appointment reflects Zelio E-Mobility's commitment to strengthening its leadership team with experienced professionals as the company continues its operations in the electric mobility sector.

ZELIO E-Mobility Limited has announced a strategic partnership with Punjab Kings cricket team, becoming the Official EV Partner for the 2026 season. This collaboration marks a significant milestone in the company's brand building strategy, combining the energy of professional cricket with India's growing electric mobility movement.

Partnership Details and Scope

The partnership encompasses comprehensive branding opportunities and promotional activities throughout the 2026 season. Key elements of the collaboration include:

The partnership will showcase two of Zelio's most celebrated electric scooter models, positioning them prominently within mainstream Indian sports entertainment.

Strategic Brand Building Initiative

According to Kunal Arya, Managing Director of Zelio E-Mobility, the association leverages cricket's unparalleled reach across diverse demographics and geographies. "Cricket continues to be one of the most powerful platforms to connect with audiences across India. Our association with Punjab Kings allows us to engage with a wide consumer base while strengthening Zelio's brand presence in a culturally relevant environment," Arya stated.

Punjab Kings Chief Commercial Officer Saurabh Arora emphasized the synergy between sports and sustainable innovation, noting that the partnership reflects the franchise's commitment to aligning with forward-looking brands that resonate with contemporary consumers.

Company Background and Market Presence

Zelio E-Mobility operates an extensive distribution network and serves a substantial customer base across India:

Recent IPO and Financial Milestone

The partnership announcement follows the company's successful public market debut, where Zelio E-Mobility raised ₹78.34 crore through its Initial Public Offering. The IPO structure included:

Regulatory Compliance and Future Outlook

The company confirmed that this partnership complies with applicable disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and does not involve related parties. The collaboration represents Zelio's broader strategy of investing in brand equity alongside product excellence as the Indian EV sector continues its rapid expansion.