Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Abhishek Jain (Membership No: A62027)
- Designation: Company Secretary and Compliance Officer
- Reason for Resignation: To pursue new professional opportunities and career aspirations
- Effective Date of Resignation: End of business hours on August 28, 2026
- Date of Resignation Letter: August 28, 2026 (digitally signed at 22:22:42 +05'30')
- Duration in Role: Not Specified
- Board's Acknowledgment / Statement: The Company has accepted his resignation
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears to be a routine career progression move rather than performance-linked or abrupt. As the Compliance Officer role is critical for regulatory adherence, the transition timing and successor appointment will be important for continuity in SEBI LODR compliance and corporate governance framework maintenance.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: No immediate internal reallocations or transition plans were disclosed in the resignation acceptance or letter.
- Successor Appointments: No successor was announced at the time of this disclosure. The company did not provide details on the timeline for appointing a new Company Secretary and Compliance Officer.
Section C – Financial & Governance Disclosures
No financial results, auditor's reports, dividends, capital changes, buybacks, or additional board/committee updates were disclosed in this filing. The communication focused exclusively on the resignation of the Company Secretary and Compliance Officer.
The intimation will be hosted on the company's website at www.olaelectric.com.