Key Financial Figures (Standalone)

Profit & Loss Statement (Year Ended March 31, 2026)

  • Revenue from Operations: ₹31,071.12 lakhs
  • Other Income: ₹296.65 lakhs
  • Total Revenue: ₹31,367.77 lakhs
  • Total Expenses: ₹27,926.34 lakhs
  • Profit Before Tax: ₹3,441.43 lakhs
  • Total Tax Expense: ₹602.72 lakhs (Current Tax: ₹620.90 lakhs, Deferred Tax: ₹(18.18) lakhs)
  • Profit for the Year: ₹2,838.71 lakhs
  • Earnings Per Share (Basic & Diluted): ₹15.14

Balance Sheet (As at March 31, 2026)

  • Share Capital: ₹2,115.00 lakhs
  • Reserves and Surplus: ₹9,001.86 lakhs
  • Total Equity: ₹11,116.86 lakhs
  • Total Liabilities: ₹15,284.79 lakhs
  • Total Assets: ₹15,284.79 lakhs
  • Cash and Bank Balances: ₹2,600.19 lakhs (includes Fixed Deposits of ₹2,572.87 lakhs)

Cash Flow Statement (Year Ended March 31, 2026)

  • Net Cash from Operating Activities: ₹(738.57) lakhs
  • Net Cash Used in Investing Activities: ₹(929.69) lakhs
  • Net Cash from Financing Activities: ₹4,236.80 lakhs
  • Net Increase in Cash: ₹2,568.54 lakhs

Key Financial Figures (Consolidated)

Profit & Loss Statement (Year Ended March 31, 2026)

  • Revenue from Operations: ₹31,071.12 lakhs
  • Other Income: ₹296.65 lakhs
  • Total Revenue: ₹31,367.77 lakhs
  • Profit Before Tax: ₹3,441.43 lakhs
  • Total Tax Expense: ₹602.72 lakhs
  • Profit for the Year: ₹2,838.71 lakhs
  • Earnings Per Share (Basic & Diluted): ₹15.14

Balance Sheet (As at March 31, 2026)

  • Share Capital: ₹2,115.00 lakhs
  • Reserves and Surplus: ₹9,037.84 lakhs
  • Total Equity: ₹11,152.84 lakhs
  • Total Liabilities: ₹15,490.45 lakhs
  • Total Assets: ₹15,490.45 lakhs
  • Cash and Bank Balances: ₹2,603.90 lakhs

IPO Proceeds Utilization

The company completed its Initial Public Offer (IPO) on October 3, 2025, issuing 46,20,000 equity shares of face value ₹10 each at an issue price of ₹136 per share (including premium of ₹126 per share), aggregating to ₹6,283.20 lakhs. Shares were listed on BSE SME on October 8, 2025.

Utilization of net IPO proceeds (as of March 31, 2026):

  • Repayment of borrowing: ₹2,000.00 lakhs (fully utilized)
  • Capital expenditure for new manufacturing unit: ₹785.08 lakhs utilized out of ₹1,944.87 lakhs allocated
  • Working capital requirement: ₹260.00 lakhs utilized out of ₹800.00 lakhs allocated
  • General corporate purpose: ₹98.53 lakhs utilized out of ₹909.44 lakhs allocated
  • Issue expenses: ₹628.89 lakhs (fully utilized)
  • Total utilized: ₹3,772.50 lakhs
  • Unutilized amount: ₹2,510.70 lakhs

Unutilized net IPO proceeds of ₹2,505.33 lakhs (out of ₹2,510.70 lakhs) have been temporarily deployed in fixed deposits with HDFC Bank (including accrued interest reinvested).

Other Board Decisions

1. Approved the appointment of M/s TS A & Co., Chartered Accountants (FRN: 020026C) as Internal Auditor for the financial year 2026-27.

2. The Audit Committee reviewed and recommended the financial results before board approval.

Subsidiary Information

Zelio Auto Components Limited was incorporated as a wholly-owned subsidiary on May 13, 2025. Consequently, consolidated financial results are presented only for the period after incorporation, with no comparable figures for previous periods.

Additional Information

  • Business segment: Single segment of "Manufacturing/Assembling of Electric Vehicles"
  • The company is exempt from adopting Ind-AS as it is listed on SME Exchange
  • Board meeting duration: 5:00 PM to 8:00 PM on May 28, 2026