OLA Electric Mobility to Consider Fund Raising in October 25 Board Meeting

OLA Electric Mobility Limited has announced that its board of directors will meet on Saturday, October 25, 2025, to consider and approve a proposal for raising funds through the issuance of equity shares or other eligible securities. The company informed the National Stock Exchange of India and BSE Limited of this development on October 22, 2025.

The fund-raising exercise may be conducted through various permissible modes, including private placement, qualified institutions placement, preferential issue, or any combination of methods permitted under applicable laws. The proposal will be subject to necessary regulatory and statutory approvals, as well as shareholder approval.

In compliance with Securities and Exchange Board of India (SEBI) Listing Regulations, the company has kept its trading window closed since October 1, 2025. The window will reopen 48 hours after the declaration of the company's financial results.

OLA Electric Mobility, which trades on the NSE under the symbol OLAELEC and on BSE with scrip code 544225, is a key player in India's electric vehicle sector. The company, formerly known as Ola Electric Mobility Private Limited, is registered in Bengaluru, Karnataka.

The electric vehicle manufacturer has been expanding its presence in the Indian market as the country pushes for greater adoption of electric vehicles to reduce carbon emissions and dependence on fossil fuels.

The fund-raising initiative comes at a time when the electric vehicle industry in India is experiencing significant growth, driven by government incentives and increasing consumer awareness about sustainable transportation.

The announcement was signed by Abhishek Jain, Company Secretary and Compliance Officer of OLA Electric Mobility Limited. The company has made this information available on its investor relations website for public access.

The board meeting scheduled for October 25 will determine the specific method and terms of the fund-raising exercise, which will subsequently require shareholder approval before implementation.