Mobility Limited Appoints Divyanshu Agarwal as Chief Executive Officer

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

Appointment Details

The Board of Directors approved Mr. Agarwal's appointment as CEO, categorizing the position as Senior Management Personnel under the company's organizational structure. The appointment complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Parameter: Details Name: Mr. Divyanshu Agarwal Position: Chief Executive Officer (CEO) Effective Date: April 15, 2026 Approval Process: Board resolution by circulation Recommendation: Nomination and Remuneration Committee

Professional Background

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 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

B.Com (Hons.) degree from St. Xavier's College, Kolkata

Key Contributions at Navi Limited

During his tenure at Navi Limited, Mr. Agarwal played a crucial role in several significant corporate initiatives:

DRHP (Draft Red Herring Prospectus) process

Private equity fund raise initiatives

Strategic cross-functional project management

UPI business development and growth

Regulatory Compliance

The company has confirmed that Mr. Agarwal meets all regulatory requirements for the CEO position. 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:

Partnership Component: Details Partnership Role: Official EV Partner Featured Models: XMen+ (launched in 2026) and X Men 2.0 Branding Rights: Jersey branding and stadium presence Digital Integration: Social media campaigns and digital activations Target Markets: Tier 2 markets and beyond across India

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:

Business Metrics: Details Dealer Network: Over 350 outlets Geographic Reach: More than 20 states and union territories Customer Base: Over 2,00,000 riders Product Portfolio: Electric two-wheelers (Zelio brand) and three-wheeler e-rickshaws (Tanga line) Founded: 2021 Headquarters: Haryana

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:

IPO Component: Details Fresh Issue: ₹58.84 crore Offer for Sale: 11.4 lakh shares worth ₹15.50 crore Overall Subscription: 1.5 times Investor Participation: Both institutional and retail investors

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.

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