This is a regulatory disclosure submitted to the National Stock Exchange of India Limited and BSE Limited, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure outlines the outcomes of a Board of Directors meeting held on September 05, 2026, which commenced at 5:45 PM IST and concluded at 6:30 PM IST.

1. Resignation of Chief Operations Officer

  • Mr. Hyun Shik Park resigned from his position as Chief Operations Officer, a role designated as Senior Management Personnel.
  • The resignation is effective from the closing of business hours on September 5, 2026.
  • The stated reason for resignation is personal reasons.
  • The disclosure for this item is provided as per Regulation 30 and SEBI Master Circular No: HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026, and is enclosed as Annexure A.

2. Re-appointment of Independent Directors

  • Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of two Independent Directors for a second term.
  • Mr. Manoj Kumar Kohli (DIN: 00162071): Re-appointed as a Non-Executive Independent Director for a term of five years, from December 06, 2026, to December 05, 2031 (both days inclusive). He will not be liable to retire by rotation.
  • Ms. Shradha Sharma (DIN: 03557496): Re-appointed as a Non-Executive Independent Director for a term of five years, from December 06, 2026, to December 05, 2031 (both days inclusive). She will not be liable to retire by rotation.
  • Both re-appointments are subject to approval by the company's members at the ensuing Annual General Meeting (AGM).
  • Brief profiles were disclosed:
  • Mr. Kohli holds a bachelor's degree in commerce (honours) and a master's degree in business administration from the University of Delhi. He was previously associated with SoftBank Group International and Bharti Enterprises Limited.
  • Ms. Sharma holds a post-graduate certificate in design communications management. She is the founder and CEO of YourStory Media Private Limited and a member of the National Startup Advisory Council.
  • Both directors are not debarred from holding office by virtue of any SEBI or other authority order.
  • The disclosure for this item is provided as per the same SEBI Master Circular and is enclosed as Annexure B.

3. Increase in Authorised Share Capital

  • The Board approved an increase in the Authorised Share Capital of the company.
  • The capital is being increased from ₹8,318.499885 Crore (Rupees Eight Thousand Three Hundred Eighteen Crores, Forty-Nine Lakhs, Ninety-Eight Thousand, Eight Hundred Fifty Only) to ₹8,721.873442 Crore (Indian Rupees Eight Thousand Seven Hundred Twenty-One Crore, Eighty Seven Lakhs, Thirty Four Thousand, Four Hundred Twenty Only). This is an increase of ₹403.373557 Crore.
  • This increase necessitates an alteration to Clause V of the company's Memorandum of Association (MOA), subject to shareholder approval.
  • The disclosure for this item is provided as per Regulation 30 and Part of Schedule III of the Listing Regulations and is enclosed as Annexure C.

4. Fundraising Initiative

  • The Board approved an enabling resolution to raise funds.
  • The aggregate amount for the fundraising shall not exceed ₹1,500 Crore (Indian Rupees One Thousand Five Hundred Crores).
  • The funds may be raised through the issuance of equity shares and/or securities convertible into or exchangeable for equity shares. Permissible instruments include fully convertible debentures, partly convertible debentures, warrants, depository receipts (ADRs/GDRs), and other similar securities.
  • The fundraising may be conducted through one or more permissible modes, including a further public offer, rights issue, qualified institutions placement (QIP), private placement, or any other permissible mode or combination thereof.
  • This resolution is enabling in nature and is subject to approval from shareholders and other requisite regulatory/statutory approvals.

5. Annual General Meeting

  • The Board approved the convening of the 9th Annual General Meeting (AGM) of the company.
  • The AGM is scheduled to be held on Wednesday, September 30, 2026, at 4:30 PM IST.
  • The meeting will be conducted through Video-Conferencing (VC)/Other Audio-Visual Means (OAVM) in accordance with circulars from the Ministry of Corporate Affairs and SEBI.
  • A copy of the Notice of AGM will be submitted to the stock exchanges in due course as per Regulation 34 of the Listing Regulations.

Additional Information

  • This intimation will be hosted on the company's website, www.olaelectric.com.
  • The disclosure was signed by Deepak Rastogi, Chief Financial Officer, from Bengaluru.
  • The company's Corporate Identification Number (CIN) is L74999KA2017PLC099619.