Meeting Details

The 1st Extraordinary General Meeting was held on Tuesday, October 20, 2026, at 04:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means. The meeting concluded at 04:18 P.M. (IST). The record date for determining shareholders entitled to vote was October 13, 2026, with 1,095 shareholders on record.

Voting Process and Scrutinizer Details

The company provided remote e-voting facility from October 15, 2026 (09:00 A.M. IST) to October 19, 2026 (05:00 P.M. IST) through CDSL as the service provider. E-voting was also available during the EGM until 04:33 P.M. (IST) on October 20, 2026.

Sumit Ghai, Company Secretary (Membership No. F10253) of Lal Ghai and Associates, was appointed as Scrutinizer by the Board of Directors on September 23, 2026. The scrutinizer's report was issued on October 21, 2026.

Attendance Details

  • Promoters and promoter group attendees through video conferencing: 7
  • Public shareholders attendees through video conferencing: 13
  • Total shareholders present: 20

Resolution Outcomes

All 8 resolutions set out in the EGM notice were passed with requisite majority:

Resolution 1: Alteration of Articles of Association

  • Type: Ordinary Resolution
  • Promoter interest: No
  • Description: To approve alteration of Articles of Association by insertion of Clause 9 and Clause 10
  • Total votes polled: 15,770,500 (71.1986% of outstanding shares)
  • Votes in favor: 15,770,500 (100% of votes polled)
  • Votes against: 0
  • Result: Passed

Resolution 2: Preferential Issue of Equity Shares

  • Type: Special Resolution
  • Promoter interest: No
  • Description: Issue of up to 9,73,000 equity shares at ₹853 per share, aggregating up to ₹82,99,69,000 to non-promoter allottees
  • Total votes polled: 15,761,000 (71.1986% of outstanding shares)
  • Votes in favor: 15,761,000 (99.94% of votes polled)
  • Votes against: 9,500 (0.06% of votes polled)
  • Result: Passed

Resolution 3: Preferential Issue of Convertible Warrants to Promoters

  • Type: Special Resolution
  • Promoter interest: Yes
  • Description: Issue of up to 9,96,000 convertible warrants at ₹853 per warrant, aggregating up to ₹84,95,88,000 to promoter allottees
  • Total votes polled: 15,761,000 (71.1986% of outstanding shares)
  • Votes in favor: 15,761,000 (99.94% of votes polled)
  • Votes against: 9,500 (0.06% of votes polled)
  • Result: Passed

Resolution 4: Related Party Transaction with Rajdhani Machinery Store

  • Type: Ordinary Resolution
  • Promoter interest: Yes
  • Total votes polled: 15,770,000 (71.1986% of outstanding shares)
  • Votes in favor: 15,770,000 (99.997% of votes polled)
  • Votes against: 500 (0.003% of votes polled)
  • Result: Passed

Resolution 5: Related Party Transaction with Torque Innovation EV Auto Private Limited

  • Type: Ordinary Resolution
  • Promoter interest: Yes
  • Total votes polled: 15,770,000 (71.1986% of outstanding shares)
  • Votes in favor: 15,770,000 (99.997% of votes polled)
  • Votes against: 500 (0.003% of votes polled)
  • Result: Passed

Resolution 6: Related Party Transaction with AVR Auto Industries Private Limited

  • Type: Ordinary Resolution
  • Promoter interest: Yes
  • Total votes polled: 15,770,000 (71.1986% of outstanding shares)
  • Votes in favor: 15,770,000 (99.997% of votes polled)
  • Votes against: 500 (0.003% of votes polled)
  • Result: Passed

Resolution 7: Related Party Transaction with Jai Bharat Engineering Tools

  • Type: Ordinary Resolution
  • Promoter interest: Yes
  • Total votes polled: 15,770,000 (71.1986% of outstanding shares)
  • Votes in favor: 15,770,000 (99.997% of votes polled)
  • Votes against: 500 (0.003% of votes polled)
  • Result: Passed

Resolution 8: Related Party Transaction with Jai Bharat Auto Components

  • Type: Ordinary Resolution
  • Promoter interest: Yes
  • Total votes polled: 15,770,000 (71.1986% of outstanding shares)
  • Votes in favor: 15,770,000 (99.997% of votes polled)
  • Votes against: 500 (0.003% of votes polled)
  • Result: Passed

Shareholding Pattern

  • Total outstanding shares: 22,150,000
  • Promoter and promoter group shares: 15,390,000
  • Public institution shares: 449,000
  • Public non-institution shares: 6,311,000

Additional Information

The disclosure will be hosted on the company's website: www.zelioebikes.com

The scrutinizer confirmed that all electronic voting data and records will be handed over to the Company Secretary for safe keeping upon signing of the Minutes of EGM by the Chairman.