Keto Motors Ltd (537392)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Keto Motors' revenue was ₹6.3 Cr, and net profit ₹0.4 Cr; the operating margin was 10.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹6.3 | — | +197.7% |
| Operating profit | ₹0.7 | — | -15.1% |
| Net profit | ₹0.4 | — | +521.9% |
| Operating margin | 10.8% | — | — |
📢 Recent Corporate Announcements
Keto Motors Limited announced the outcome of its Board Meeting held on August 29, 2026. The 26th Annual General Meeting (AGM) for FY 2025-26 has been scheduled for Tuesday, September 29, 2026, via Video Conference. The Board fixed September 22, 2026, as the cut-off date to determine member voting eligibility. The e-voting window will run from September 25 to September 28, 2026, alongside book closure between September 23 and September 29, 2026.
- 26th AGM scheduled for Tuesday, September 29, 2026, at 4:30 PM via VC/OAVM
- Record/Cut-off date set as Tuesday, September 22, 2026, for AGM eligibility
- Book closure fixed from September 23, 2026 to September 29, 2026 (both days inclusive)
- Remote e-voting window approved from September 25, 2026 (09:00 AM) to September 28, 2026 (05:00 PM)
Keto Motors Limited announced that its shareholders have approved postal ballot resolutions to adopt a new set of Memorandum of Association (MOA) and Articles of Association (AOA) aligned with the Companies Act, 2013. Additionally, members approved the appointment of Mr. Avula Venkata Narayana Reddy (holding 49,999 equity shares) as a Non-Executive and Non-Independent Director effective August 24, 2026. The changes to the constitutional documents are purely statutory re-alignments with no change in the main business objects.
- Shareholders approved new MOA and AOA aligned with the Companies Act, 2013 via postal ballot on August 25, 2026
- Appointed Mr. Avula Venkata Narayana Reddy as Non-Executive Non-Independent Director effective August 24, 2026
- Director holds 49,999 equity shares in the company and has over 30 years of business leadership experience
- No change in Clause III (A) containing the main business objects of the company
Keto Motors Limited has scheduled a meeting of its Board of Directors for Saturday, August 29, 2026. The primary agenda is to consider and approve the draft Notice of the 26th Annual General Meeting (AGM) and the Director's Report. The board will also fix the final date for convening the AGM. This is a standard corporate compliance filing pursuant to Regulation 29 of SEBI LODR Regulations.
- Board meeting scheduled to be held on Saturday, August 29, 2026.
- Board to consider and approve the draft Notice for the 26th Annual General Meeting.
- Board to approve the Director's Report and finalize the date of the AGM.
Keto Motors (formerly Taaza International) reported a significant operational turnaround in Q1 FY27, with revenue reaching Rs 6.34 Cr compared to zero in the same quarter last year. This follows the implementation of an NCLT-approved resolution plan and merger effective from the previous fiscal year. The company posted a net profit of Rs 43.53 Lakhs, a substantial increase from the Rs 5.89 Lakhs profit in the preceding March 2026 quarter. The paid-up equity capital has stabilized at Rs 70.43 Cr, reflecting the restructured entity's new scale.
- Revenue from operations surged to Rs 6.34 Cr in Q1 FY27 from zero in the year-ago period.
- Net profit reached Rs 43.53 Lakhs, representing a 639% increase over the previous quarter's profit of Rs 5.89 Lakhs.
- Cost of materials consumed stood at Rs 3.97 Cr, indicating active manufacturing/assembly operations.
- Paid-up equity share capital increased to Rs 70.43 Cr from Rs 7.26 Cr in June 2025 following the NCLT-mandated restructuring.
- Earnings Per Share (EPS) improved to Rs 0.06 from a loss of Rs 0.02 in the prior year's quarter.
Keto Motors (formerly Taaza International) has reported a significant operational turnaround in Q1 FY27, posting revenue of Rs 6.34 Cr compared to zero revenue in the same period last year. This follows the implementation of an NCLT-approved resolution plan and merger that restructured the entity into a vehicle-focused business. The company achieved a net profit of Rs 0.44 Cr for the quarter, a sharp improvement from a loss of Rs 1.32 Lakhs in Q1 FY26. Paid-up equity capital has also expanded significantly to Rs 70.43 Cr as part of the restructuring process.
- Revenue from operations surged to Rs 634.14 Lakhs (Rs 6.34 Cr) from zero in the previous year's corresponding quarter.
- Net profit stood at Rs 43.53 Lakhs for Q1 FY27, compared to a net loss of Rs 1.32 Lakhs in Q1 FY26.
- Paid-up equity share capital increased to Rs 70.43 Cr from Rs 7.26 Cr in June 2025 following the NCLT-mandated restructuring.
- Total expenses for the quarter were Rs 590.61 Lakhs, with material costs being the largest component at Rs 396.88 Lakhs.
- Earnings Per Share (EPS) improved to Rs 0.06 from a negative Rs 0.02 in the year-ago period.
Keto Motors Ltd (formerly Taaza International) has scheduled a board meeting for August 13, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company currently reports zero TTM revenue and a net loss, making this upcoming result critical to see if any business operations have commenced under the new name. Despite zero revenue, the stock has seen a 136.7% price return over the last three months, likely driven by the pivot to the motor/EV sector. Promoter holding is exceptionally high at 92.33%.
- Board meeting scheduled for August 13, 2026, to consider Q1 FY27 results
- Trading window for securities has been closed since July 1, 2026
- Company reports Rs 0 Cr TTM revenue as per latest available financial context
- Promoter holding remains high at 92.33% as of June 2026
- Stock price has appreciated 136.7% in the 3 months preceding this announcement
Keto Motors has officially entered the Indian commercial electric bus market with the launch of its 9-meter Urbanova KE9 bus. This follows a ₹300 crore MoU signed with the Telangana government to expand its Jadcherla facility and establish a new greenfield plant. The company, which recently completed a reverse merger with Taaza International, currently reports zero TTM revenue, making this ₹300 crore commitment massive relative to its ₹10 crore net worth. The launch is supported by a technology partnership with Taiwan's TRON Energy for battery and powertrain systems.
- ₹300 crore investment committed via MoU with Telangana Government for manufacturing expansion
- 150 km certified operating range for the newly launched Urbanova KE9 9-meter electric bus
- 2,000+ direct jobs expected to be created over the next three years through the expansion
- 30x investment-to-net-worth ratio based on the ₹300 Cr capex vs ₹10 Cr current net worth
- 31-passenger seating capacity for the Urbanova KE9 which has secured CMVR Type Approval
Keto Motors (formerly Taaza International) has signed non-binding Memorandums of Understanding (MoUs) with three mobility providers for the potential supply of 150 to 250 electric buses (9-metre). This is a significant development for a company that currently reports Rs 0 Cr in TTM revenue and has a market capitalization of Rs 153 Cr. The agreements involve STS Wheels (50 units), Svida Mobility (50-100 units), and Hybrid Fleet Management (50-100 units). While these are currently expressions of interest, they signal a major strategic pivot into the EV bus segment.
- Signed MoU with STS Wheels for 50 electric buses, starting with 1 unit for immediate operational evaluation
- Signed MoU with Svida Mobility for the deployment of 50 to 100 electric buses
- Signed MoU with Hybrid Fleet Management for the deployment of 50 to 100 electric buses
- Total potential order volume ranges from 150 to 250 units of 9-metre electric buses
- Company currently has Rs 0 Cr TTM revenue, making these potential orders highly material to future operations
Keto Motors is transitioning from a zero-revenue entity to an active EV manufacturer with the launch of its first commercial electric bus, the Urbanova KE9, on August 2, 2026. The company has committed to a ₹300 crore investment via an MoU with the Telangana Government to expand its Jadcherla facility and establish a new greenfield plant. This investment is highly significant, representing approximately 2x the company's current market cap of ₹153 crore and 30x its net worth of ₹10 crore. The company is leveraging technology partnerships with Taiwan's TRON Energy and has secured CMVR Type Approval for its 9-meter bus.
- ₹300 crore investment committed to expand manufacturing facilities in Telangana
- 150+ km certified operating range for the new Urbanova KE9 electric bus
- 2,000+ direct jobs expected to be created over the next three years through expansion
- 31-passenger seating capacity in the newly launched 9-meter commercial vehicle
- 92.3% promoter holding following the recent reverse merger with Taaza International
Keto Motors is launching its first commercial electric bus, the Urbanova KE9, on August 2, 2026, marking a total business pivot following its reverse merger with Taaza International. The company has committed to a ₹300 Cr investment via an MoU with the Telangana government to expand its Jadcherla facility and establish a new greenfield plant. This investment is highly material, representing approximately 196% of the company's current market capitalization of ₹153 Cr. Despite having zero TTM revenue, the company has secured CMVR Type Approval and established technology partnerships with Taiwan's TRON Energy.
- Launch of Urbanova KE9, a 9-meter electric bus with a certified range of 150+ km
- ₹300 Cr investment commitment to expand manufacturing capacity in Telangana
- Planned creation of 2,000+ direct jobs over the next 3 years
- Strategic partnership with TRON Energy (Taiwan) for liquid-cooled battery and powertrain tech
- Secured CMVR Type Approval Certification from GARC for statutory compliance
Keto Motors is launching its first commercial electric bus, the Urbanova KE9, on August 2, 2026, marking its formal entry into the Indian EV bus segment. The company has committed to a ₹300 crore investment via an MoU with the Telangana Government to expand its 20-acre Jadcherla facility and establish a new greenfield plant. This investment is highly significant, representing nearly 2x the company's current market capitalization of ₹153 crore. As a pre-revenue entity (TTM revenue of ₹0 crore), the successful commercialization of this product and the execution of the manufacturing hub are critical for its financial turnaround.
- Unveiling of Urbanova KE9, a 9-meter electric bus with a certified range of over 150 km.
- ₹300 crore investment commitment to expand manufacturing facilities in Telangana.
- Planned creation of 2,000+ direct jobs over the next three years through capacity expansion.
- Strategic technology partnership with Taiwan-based TRON Energy Technology for battery and BMS systems.
- Product has secured CMVR Type Approval Certification from GARC, validating safety and performance standards.
Keto Motors Ltd has approved the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013, replacing the outdated 1956 Act versions. The company is also shifting its Registrar and Share Transfer Agent (RTA) from Niche Technologies (Kolkata) to Aarthi Consultant (Hyderabad) for better administrative interaction. These changes are subject to shareholder approval. Financially, the company remains in a pre-revenue stage with TTM revenue of Rs 0 Cr and a high promoter holding of 92.33%.
- Board meeting held on July 24, 2026, concluded within 1 hour and 45 minutes
- RTA change from M/s Niche Technologies (Kolkata) to M/s Aarthi Consultant (Hyderabad)
- MOA updated to align with Companies Act 2013 with no change to main objects
- Promoter holding stands at a high 92.33% as of June 2026
- Company reports Rs 0 Cr TTM revenue despite a market capitalization of Rs 161 Cr
Keto Motors Ltd (formerly Taaza International Limited) has approved the change of its Registrar and Share Transfer Agent (RTA) from Niche Technologies to Hyderabad-based Aarthi Consultants for better administrative interaction. The Board also approved the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013, replacing the previous versions based on the 1956 Act. These changes are subject to shareholder approval and the execution of definitive agreements. The company currently reports zero TTM revenue and maintains a high promoter holding of 92.33%.
- Change of RTA from M/s. Niche Technologies Private Limited to M/s. Aarthi Consultants Private Limited
- Adoption of new MOA and AOA to align with the Companies Act, 2013 and SEBI Laws
- Board meeting held on July 24, 2026, lasted 1 hour and 45 minutes (02:00 p.m. to 03:45 p.m.)
- Promoter holding stands at 92.33% as of June 2026
- Market capitalization is approximately Rs 161 Cr despite zero TTM revenue
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
