Date: August 7, 2026

KMP / Board / Auditor Changes

Trustee Changes for OEM Employees' Welfare Trust

  • Outgoing Trustee: Mr. Amit Anchal (PAN: AFJPA8064Q), residing at Adarsh Palm Retreat, Bellandur Post, Deverabisanahalli, Varthur Hobli, Bangalore - 560103
  • Incoming Trustee: Mr. Nirajkumar Popatlal Jain (PAN: AABPJ6066A), residing at A-1304, One Avighna Park, Mahadev Palav Road, Curry Road East, Mumbai, PO: Parel, Mumbai City, Maharashtra -400012
  • Effective Date of Change: August 7, 2026 (Execution Date)
  • Type of Change: Removal of Mr. Amit Anchal and appointment of Mr. Nirajkumar Popatlal Jain as trustee
  • Previous Appointment: Mr. Amit Anchal was appointed vide Deed of Appointment cum Removal of Trustees dated December 8, 2023

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Dividend Declaration

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Trust Deed Modification

  • The Trust Deed of OEM Employees' Welfare Trust has been modified consequent to the change in composition of the Trustees
  • The modification is made pursuant to Regulation 3(3) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • The modification is administrative in nature and does not result in any change to:
  • The objectives of the Trust
  • The rights and benefits available to employees under the employee benefit scheme administered through the Trust

Trust Background

  • Trust Name: OEM Employees' Welfare Trust
  • Original Trust Deed Execution Date: January 17, 2019
  • The Trust was established for management and custody of property where there is no transfer/disposition of property

Document Execution Details

  • Document: Deed of Appointment cum Removal of Trustees
  • Execution Date: August 7, 2026
  • Execution Location: Bengaluru
  • Stamp Duty: ₹2,000 paid by Ola Electric Mobility Limited
  • Certificate No: IN-KA92629769387916Y
  • Certificate Issue Date: June 17, 2026

Additional Information

  • The intimation will be available on the company website: www.olaelectric.com
  • The authenticity of the stamp certificate can be verified at www.shcileslamp.com or using e-Stamp Mobile App of Stock Holding