Key Event Details
A meeting of the Board of Directors of Ola Electric Mobility Limited is scheduled to be held on Monday, September 28, 2026. The primary agenda item for consideration is the proposal of fund raising by way of a rights issue of equity shares.
Conditions and Approvals
The proposed rights issue is subject to obtaining such regulatory/statutory approvals as may be required. The document does not specify the size, pricing, or terms of the proposed rights issue.
Additional Information
The intimation is also available on the company's website at https://www.olaelectric.com/investor-relations/announcements. The letter was signed by Deepak Rastogi, Chief Financial Officer, from Bengaluru on September 23, 2026.
Financial Impact
Financial impact not quantified in the disclosure. The document does not provide details on the intended use of proceeds or the potential dilution effect of the rights issue.