OLA Electric Mobility Ltd.

Ola Electric Mobility has clarified that it is not aware of any such negotiations/events regarding a notice from the authorities ordering immediate closure of over a 100 showrooms in Maharashtra. Additionally, it has already informed the exchange, via intimation dated March 21, 2025, regarding the receipt of notices in four states pertaining to trade certificates for certain stores located in those states. This clarification will also be made available on the website of the Company and can be accessed using the link below: https://www.olaelectric.com/investor-relations/announcements.

The above information is a part of company’s filings submitted to BSE.