Company Statement Summary
Key Corporate Action
The company is seeking Board approval for a proposed rights issue of equity shares. The rights issue route is being considered to enable participation by all eligible shareholders including retail, institutional and promoter group, subject to applicable laws.
Additional Information
The full company statement is labeled as Annexure - A to the filing. This intimation is also available on the company's website at <https://www.olaelectric.com/investor-relations/announcements>.
Financial Impact
Financial impact not quantified in the disclosure. The proposal is subject to Board approval and applicable laws.