Ola Electric Board Approves ₹1,500 Cr Fundraise, Capital Increase

Ola Electric Mobility Limited's Board of Directors met on September 5, 2026, approving several key decisions. The board accepted the resignation of Chief Operations Officer, Mr. Hyun Shik Park. It also approved the re-appointment of Mr. Manoj Kumar Kohli and Ms. Shradha Sharma as Non-Executive Independent Directors for a second five-year term, subject to shareholder approval. Furthermore, the authorized share capital was increased from ₹8,318.50 Cr to ₹8,721.87 Cr. An enabling resolution was passed to raise funds up to ₹1,500 Cr through various securities. The notice for the 9th Annual General Meeting was also approved.