Keto Motors Ltd (537392) — FY26 Annual Report | 4 September 2026 (2 announcements)

Keto Motors Limited, formerly Taaza International Limited, held its 26th Annual General Meeting on 29 September 2026 via video conference, approving the audited financial statements for FY 2025-26 showing a revenue of [amount context mismatch] lakhs and a net loss of ₹17.64 lakhs. The company, post-restructuring under NCLT's approved resolution plan, transitioned from electric three-wheelers to a broader commercial electric mobility platform including buses and heavy vehicles. Key developments include the commercial launch of the Urbanova KE9 electric bus in August 2026, MoUs with potential customers for up to 250 units, and a ₹300 crore investment MoU with the Telangana government for facility expansion. The company emphasized its shift from product development to commercial scale, targeting government bus tenders and industrial applications like mining electrification. No dividend was recommended due to ongoing restructuring and loss-making operations.

Keto Motors Limited, formerly Taaza International Limited, completed a restructuring approved by the NCLT in June 2025, resulting in a new board, revised authorized capital, and rebranding to Keto Motors. The company launched its first electric bus (Urbanova KE9) in August 2026 and secured significant government tenders under PM eBus Sewa and PM E-DRIVE, totaling nearly 4,700 awarded buses. FY2025-26 marked the transition from product development to commercial deployment, with revenue of [amount context mismatch] lakhs and a net loss of ₹17.64 lakhs. The company emphasized scaling capacity to 1,000 buses annually by Q3 FY2026-27 and highlighted risks including execution delays, technology dependency on TRON Energy, and market concentration. It also noted a ₹300 crore MoU for facility expansion in Telangana, subject to approvals.