Ola Electric Mobility Limited Regulatory Clarification

Nature of Exchange Query

Ola Electric responded to the National Stock Exchange of India Limited's email dated July 7, 2026, seeking clarification on a media article titled "Ola Electric Shares Slip 5% Amid Reports of Two Suppliers Moving NCLT Over Dues" published on July 7, 2026, in mainstream media.

Company's Clarification on Supplier Disputes

  • The company confirmed it had raised warranty and performance-related concerns regarding parts supplied by Anevolve Mando E-Mobility Private Limited and Sterling E-Mobility Solutions Private Limited, which remained unresolved.
  • Ola Electric initiated arbitration proceedings against these vendors and filed petitions under Section 9 of the Arbitration and Conciliation Act, 1996 before the Commercial Court, Bengaluru, seeking interim relief pending constitution of arbitral tribunals.
  • Subsequent to these arbitration proceedings, both suppliers filed petitions under Section 9 of the Insolvency and Bankruptcy Code, 2016 regarding the same underlying transactions.
  • The company maintains these disputes involve genuine pre-existing disputes currently under arbitration adjudication and is contesting the suppliers' petitions.

Regulatory Compliance Disclosure

  • The response was provided pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations).
  • The company stated it is not aware of any undisclosed information that could explain trading movements and affirmed that all material events required under SEBI LODR Regulations have been duly disclosed.
  • Ola Electric committed to disclosing any material developments in accordance with applicable laws and regulatory requirements.

Impact Assessment

  • The company stated that the media report publication does not have any material impact on its business, operations, or financial position.

Topic Tags: Regulatory Response, Supplier Disputes, Arbitration Proceedings, IBC Petitions, SEBI LODR Compliance, Trading Volume Clarification