Meeting Details

The 9th Annual General Meeting of Ola Electric Mobility Limited was held on Wednesday, September 30, 2026, from 04:35 P.M. (IST) to 05:35 P.M. (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The record date/cut-off date for determining shareholder eligibility was September 24, 2026, with 1,940,458 total shareholders on the cut-off date.

Proposed Resolutions and Implications

The AGM considered and passed six resolutions:

1. Ordinary Resolution: To consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, together with reports of the board of directors and auditors

2. Ordinary Resolution: To appoint a director in place of Mr. Arun Sarin (DIN: 01384344) who retires by rotation

3. Special Resolution: Re-appointment of Mr. Manoj Kumar Kohli (DIN: 00162071) as a Non-Executive Independent Director

4. Special Resolution: Re-appointment of Ms. Shradha Sharma (DIN: 03557496) as a Non-Executive Independent Woman Director

5. Ordinary Resolution: To approve increase in authorised equity share capital and consequent alteration to clause V of the Memorandum of Association

6. Special Resolution: To approve raising of funds through issuance of securities of the Company

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available through National Securities Depository Limited (NSDL) from September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
  • E-voting during AGM: Provided for shareholders present at the AGM through VC/OAVM who had not cast their vote earlier

The votes were unblocked on September 30, 2026, at 5:38 PM IST in the presence of two witnesses: Ms. Ishika Basu and Ms. Isha Shrotriya.

Key Voting Outcomes

Overall Participation

  • Total votes cast: 2,694,885,025 shares (58.2249% of outstanding shares)
  • Total number of shareholders who exercised votes: Not explicitly totaled but derived from resolution-wise data

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements)

  • Total votes in favor: 2,625,376,139 (97.4207% of votes polled)
  • Total votes against: 69,508,886 (2.5793% of votes polled)
  • Remote e-voting: 942 members, 2,068,941,014 shares (76.7729% valid votes)
  • E-voting during AGM: 22 members, 556,435,125 shares (20.6478% valid votes)

Resolution 2 (Ordinary - Arun Sarin Re-appointment)

  • Total votes in favor: 2,686,102,462 (99.6741% of votes polled)
  • Total votes against: 8,782,563 (0.3259% of votes polled)
  • Remote e-voting: 917 members, 2,129,667,337 shares (79.0263% valid votes)
  • E-voting during AGM: 22 members, 556,435,125 shares (20.6478% valid votes)

Resolution 3 (Special - Manoj Kumar Kohli Re-appointment)

  • Total votes in favor: 2,597,789,737 (96.3971% of votes polled)
  • Total votes against: 97,094,288 (3.6029% of votes polled)
  • Remote e-voting: 891 members, 2,041,354,612 shares (75.7529% valid votes)
  • E-voting during AGM: 21 members, 556,435,125 shares (20.6442% valid votes)

Resolution 4 (Special - Shradha Sharma Re-appointment)

  • Total votes in favor: 2,605,803,104 (96.6945% of votes polled)
  • Total votes against: 89,078,005 (3.3055% of votes polled)
  • Remote e-voting: 891 members, 2,049,368,245 shares (76.0467% valid votes)
  • E-voting during AGM: 21 members, 556,434,859 shares (20.6478% valid votes)

Resolution 5 (Ordinary - Increase Authorized Capital)

  • Total votes in favor: 2,694,549,497 (99.9876% of votes polled)
  • Total votes against: 334,528 (0.0124% of votes polled)
  • Remote e-voting: 961 members, 2,138,114,382 shares (79.3398% valid votes)
  • E-voting during AGM: 21 members, 556,435,115 shares (20.6478% valid votes)

Resolution 6 (Special - Fundraising)

  • Total votes in favor: 2,694,511,916 (99.9862% of votes polled)
  • Total votes against: 372,109 (0.0138% of votes polled)
  • Remote e-voting: 961 members, 2,138,114,958 shares (79.3398% valid votes)
  • E-voting during AGM: 21 members, 556,396,958 shares (20.6464% valid votes)

Participation by Shareholder Category

  • Promoters and Promoter Group: 1,525,871,897 shares held, 100% participation in all resolutions
  • Public Institutions: 1,486,649,262 shares held, 75.3837% participation
  • Public Non-Institutions: 1,615,887,154 shares held, 2.9904% participation
  • Total Shareholders: 113 public shareholders attended through video conferencing

Scrutinizer's Role and Findings

Pramod SM (FCS No: 7834, CP No: 13784), Designated Partner of BMP & Co. LLP, was appointed as Scrutinizer to conduct the remote e-voting process and scrutinize the voting at the AGM. The scrutinizer confirmed:

  • All resolutions were passed with requisite majority
  • No invalid votes were cast in any resolution
  • The voting process complied with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014
  • The management of the Company is responsible for ensuring compliance with Act requirements

Compliance Confirmation

The document confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA Circulars (General Circular No. 14/2020, 17/2020, and 03/2025)
  • SEBI circulars regarding e-voting and electronic communication

The notice and annual report were sent to shareholders electronically in compliance with regulatory requirements.