Please find enclosed herewith monitoring agency report for the quarter ended 30th June, 2026

Date: July 29, 2026 The Manager Listing Department BSE Limited P. J. Towers, Dalal Street Fort, Mumbai – 400001 Scrip Code: 544563 Symbol: ZELIO ISIN: INE1B3501014 Subject: Monitoring Agency Report on the utilization of proceeds raised through issuance of equity shares by way of Public Issue for the Quarter ended June 30, 2026 Dear Sir/Madam, With reference to the above subject and pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) and Regulation 262 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), and in terms of the Monitoring Agency Agreement dated August 18, 2025, we hereby submit the third Monitoring Agency Report issued by Brickwork Ratings India Private Limited, Monitoring Agency, in respect of utilization of proceeds of the Initial Public Offer (IPO) of Zelio E- Mobility Limited for the quarter ended June 30, 2026. The said report has been prepared in accordance with Schedule XI of the SEBI (ICDR) Regulations and is enclosed herewith for your records. You are requested to kindly take the same on record. Thanking you, Yours faithfully, For Zelio E-Mobility Limited Kunal Arya Managing Director DIN: 09241630 Place: Hisar, Haryana Encl.: Third Monitoring Agency Report for the Quarter ended June 30, 2026 Monitoring Agency Report for Zelio E- Mobility Limited for the quarter ended June 30, 2026 No. BWR/2026-27/IPM/ZEML/03 July 23, 2026 Mr. Shubham Garg Chief Financial Officer Zelio E-Mobility Limited Khewat No. 510 442, Hisar Road, Ladwa, Hisar – 125006, Haryana, India Dear Sir, Third Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Fresh Issue and Offer for Sale of Equity Shares Issue of Zelio E-Mobility Limited (“the Company”) Pursuant to Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated July 24, 2025, Brickwork Ratings (BWR) has prepared the Third Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Fresh Issue and Offer for Sale of Equity Shares aggregating to Rs. 78.34 Crore of the Company. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated August 18, 2025. Request you to kindly take the same on records. Thanking you, Yours Faithfully, NIRAJ Digitally signed by NIRAJ KUMAR RATHI DN: c=IN, postalCode=560076, st=KARNATAKA, street=293 AND 322 3RD FLOOR BRICKWORK RATINGS INDIA PVT LTD RAJ ALKAA PARK,KALENA AGRAHARA, BANNERGHATTA ROAD KARNATAKA, l=BENGALURU URBAN, o=BRICKWORK KU MAR RATINGS INDIA PRIVATE LIMITED, ou=COMPANY, serialNumber=3a14b9a64ba1027f9471ea7be2c4b4c46c2116 fb54c5aa33aa4c4d7490c50cec, pseudonym=71e2d68268f4684aee77adbee1612657, 2.5.4.20=2ab3c4f779008c5cf0d6f10a644a5b66f2fffe98879fce RA THI b8ac14a1458144e1bd, email=NIRAJ.R@BRICKWORKRATINGS.COM, cn=NIRAJ KUMAR RATHI Date: 2026.07.23 12:23:24 +05'30' Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: Zelio E-Mobility Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickwork Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: Not applicable Declaration: We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. N IRAJ KUMAR D Di Ng :i t ca =ll Iy i pg on se td Cb oy dN eIR =A 56J 0K 0U 7M 6,A sR R KA AT RH NI ATAKA, street=293 AND 322 3RD FLOOR BRICKWORK RATINGS INDIA PVT LTD RAJ ALKAA PARK,KALENA AGRAHARA, BANNERGHATTA ROAD KARNATAKA, l=BENGALURU URBAN, o=BRICKWORK RATINGS INDIA PRIVATE LIMITED, ou=COMPANY, RATHI serialNumber=3a14b9a64ba1027f9471ea7be2c4b4c46c2116fb54c5aa33aa4c4 d7490c50cec, pseudonym=71e2d68268f4684aee77adbee1612657, 2.5.4.20=2ab3c4f779008c5cf0d6f10a644a5b66f2fffe98879fceb8ac14a1458144 e1bd, email=NIRAJ.R@BRICKWORKRATINGS.COM, cn=NIRAJ KUMAR RATHI Date: 2026.07.23 12:23:54 +05'30' Signature: Name of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings 1) Issuer Details: Name of the issuer: Zelio E- Mobility Limited Names of the promoter: Mr. Niraj Arya, Mr. Kunal Arya, Mr. Deepak Arya and Ms. Sayuri Arya Industry / sector to which it belongs: Electric Vehicles 2) Issue Details: Issue period: For anchor investor- September 29, 2025 For others –September 30, 2025 to October 03, 2025 Type of issue (public/ rights): Fresh Issue and Offer for Sale of Equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 78.34 Value as per Offer Amount Total Number of Particulars Price (₹) Document Received Securities (₹ Crore) (₹ Crore) Equity Shares-Fresh Issue 4620000 136 62.84 78.34 Equity Shares-Offer for Sale 1140000 136 15.50 Total 5,760,000 136 78.34 78.34 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments Comments certifications of of Particulars Reply considered by Monitoring Board of Monitoring Agency Agency Directors for preparation of report Whether all utilization is as per Bank Statements, the disclosures in the Offer Yes Company’s letter, CA Nil Nil Document? Certificate. Whether shareholder appr [Showing first 8,000 characters — download PDF for full document]