Zelio E-Mobility Limited has secured sponsorship rights for the 2026 season of the Indian Premier League through a strategic partnership agreement. The company announced the execution of a Memorandum of Understanding dated 26th March 2026, marking its entry into cricket sponsorship.

Agreement Structure and Parties

The MoU involves three key parties working together to facilitate the sponsorship arrangement:

The agreement establishes the framework for granting sponsorship and association rights specifically related to the 2026 IPL season, with the primary objective of promoting and marketing the company's 'Zelio' brand through its association with the Punjab Kings team.

Financial Terms and Consideration

The sponsorship deal represents a significant investment in brand promotion for the electric mobility company:

The consideration structure reflects a straightforward monetary arrangement where Zelio E-Mobility will pay the agreed amount in exchange for comprehensive sponsorship and association rights.

Sponsorship Rights and Benefits

The MoU grants Zelio E-Mobility extensive promotional opportunities across multiple channels. The company will receive branding rights, digital rights, in-stadia activation privileges, and various promotional rights as specified in the agreement. These rights are designed to maximize brand visibility and association with the Punjab Kings team throughout the IPL 2026 season.

Agreement Duration and Terms

The partnership operates within a defined timeframe with specific termination provisions:

The Franchisee retains the right to terminate the agreement in case of payment default by the company. Additionally, either party may terminate upon material breach, bankruptcy, change in control, or force majeure events, subject to appropriate written notice as outlined in the MoU.

Regulatory Compliance and Disclosures

Zelio E-Mobility has confirmed that the transaction does not involve related parties, as neither K.P.H. Dream Cricket Private Limited nor ITW Catalyst Private Limited are connected to the company's promoter, promoter group, or group companies. The agreement operates under applicable laws, guidelines, rules and regulations, including those issued by the Board of Control for Cricket in India (BCCI).

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive details as required by the November 11, 2024 SEBI circular.

Source: None/Company/INE1B3501014/694af270-ff81-4277-a7fe-e9a4d9d4589a.pdf

Zelio E-Mobility has formalized its South India expansion strategy following a Board of Directors meeting held on March 9, 2026. The meeting, which commenced at 05:30 P.M. and concluded at 08:02 P.M., resulted in approval of crucial operational decisions including facility lease agreements, auditor appointments, and credit facility authorizations.

Coimbatore Facility Lease Approval

The Board approved entering into a lease agreement for the warehouse and assembly facility in Coimbatore, Tamil Nadu, marking a decisive step in the company's regional expansion. The facility represents a substantial investment in South India operations with comprehensive operational capabilities.

The facility will be utilized for assembly of electric scooters, storage, logistics and allied business activities. The Board authorized Directors to execute the lease agreement and other necessary documents on behalf of the Company.

Auditor Appointments for FY 2025-26

Based on Audit Committee recommendations, the Board approved key auditor appointments to strengthen corporate governance and compliance frameworks for Financial Year 2025-26.

M/s. Jagsir Singh & Associates brings expertise in corporate laws, SEBI regulations, listing compliances, secretarial audits, due diligence and corporate advisory services. M/s. T S A & Co. has experience in internal audit, statutory audit, taxation, financial advisory and risk management services. Both firms are not related to any Director of the Company.

Credit Facilities Authorization

The Board authorized Directors to approach, negotiate and finalize credit facilities with Banks and Non-Banking Financial Companies for working capital facilities, term loans and other credit requirements. This authorization provides operational flexibility for the company's business expansion and day-to-day operations.

The Directors are empowered to sign, execute and deliver all necessary documents, agreements, deeds, declarations, forms and other writings required in connection with sanction, availing, renewal, documentation and operation of such credit facilities.