Ola Electric Allots 37.03 Crore Rights Shares

Regulatory filing pursuant to Regulation 30 of SEBI Listing Regulations regarding the allotment of equity shares through a rights issue.

Allotment of 37,02,72,665 partly paid-up Equity Shares
Issue price: ₹16.20 per Equity Share (including premium of ₹10.20 per share)
Total face value: ₹10 per share
Pre-allotment paid-up equity share capital: ₹46,28,40,83,130 comprising 4,62,84,08,313 fully paid-up equity shares
Post-allotment paid-up equity share capital: ₹48,50,57,19,120 comprising 4,62,84,08,313 fully paid-up Equity Shares and 37,02,72,665 partly paid-up (₹6 paid-up) Equity Shares
Full issue price per share: ₹27 (including premium of ₹17 per share)
Balance amount payable on first and final call: ₹10.80 per share

Rights Issue Committee meeting: November 02, 2026 (commenced at 08:00 p.m., completed at 08:15 p.m.)
Previous board approvals: September 28, 2026 (initial approval) and October 07, 2026 (terms approval)
Filing date: November 02, 2026

Issuer: Ola Electric Mobility Limited (CIN: L74999KA2017PLC099619)
Regulatory authorities: National Stock Exchange of India Limited, BSE Limited
Company representative: Deepa Bansal, Company Secretary and Compliance Officer (Membership No.: A37579)
Designated stock exchange: National Stock Exchange of India Limited

Significant increase in paid-up capital from ₹4,628.41 crore to ₹4,850.57 crore
Addition of 37.03 crore partly paid-up shares to existing 462.84 crore fully paid-up shares
Partial payment of ₹6 per share on allotted rights shares, with remaining ₹10.80 payable on call

The rights issue was offered to eligible equity shareholders as on the record date
Basis of allotment was finalized in consultation with the designated stock exchange
Detailed information is available in Annexure A of the filing
The disclosure is also available on the company's website at https://www.olaelectric.com/investor-relations/announcements
Location of filing: Bengaluru