Ola Electric Promoter Pledges 4.32% for Rights Issue

Date: October 4, 2026

Share Pledge Disclosure

Promoter Bhavish Aggarwal has pledged 4.32% of his stake in Ola Electric Mobility Limited. The pledge is specifically created to fund his subscription to the rights issue that was approved by the Board. The Draft Letter of Offer for this rights issue was filed on September 28, 2026.

The company confirms that this is the only pledge on the promoter's securities currently and emphasizes that no shares are being sold in the market. The promoter will participate in the rights issue alongside all other shareholders on exactly the same terms.

Corporate Contacts

For corporate communication: Anand Subramanian (anand.subramanian@olaelectric.com)