Ola Electric Postal Ballot: IPO Proceeds Reallocation

Ola Electric seeks shareholder approval via postal ballot to reallocate ₹575 Cr of IPO proceeds from R&D (Object 3) to debt repayment and organic growth.
As on March 11, 2026, ₹4,204.37 Cr (76.44%) of ₹5,500 Cr IPO proceeds has been utilised, with ₹1,295.63 Cr remaining unutilised.
₹475 Cr reallocated to debt repayment (Object 6) and ₹100 Cr to organic growth (Object 4), with revised utilisation timeline of FY2026-27.
Outstanding consolidated indebtedness stands at ~₹2,602 Cr as of March 11, 2026; reallocation aims to deleverage balance sheet and improve financial ratios.