Zelio E-Mobility Seeks ₹1,000 Crore Borrowing Authority From Shareholders

Board proposed INR 1,000 Cr limits for borrowings, asset disposals and loans/guarantees/investments, subject to shareholder approval; approved MD Kunal Arya’s reappointment. Proposals expand financing, investment and asset-disposal flexibility. Remuneration revisions for the Chairman and two Whole Time Directors also require shareholder approval. No specific borrowing, investment, disposal, valuation or funding plan was disclosed. Kunal Arya’s remuneration remains Rs 60 lakh annually.