OLA Electric Mobility Ltd.

Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, Ola Electric Mobility has submitted the Monitoring Agency Report dated May 15, 2026, issued by ICRA, acting as the Monitoring Agency, for the quarter ended March 31, 2026, in respect of utilisation of proceeds of the Initial Public Offer (IPO) of the Company. The above intimation will also be hosted on the website of the Company i.e., www.olaelectric.com.

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