Ola Electric Mobility has informed that the meeting of Board of Directors of the Company held on October 7, 2026, approved the terms of issuance of the partly paid-up equity shares of the Company (the Rights Equity Shares) for an amount not exceeding ?1,000 crores, by way of a rights issue (Rights Issue), in accordance with the Companies Act, 2013, as amended and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws. The Rights Issue opened on October 22, 2026 and will close today i.e. on October 30, 2026.
The above information is a part of company’s filings submitted to BSE.