Ola Electric COO Resigns; Board Approves Fundraise

Ola Electric Mobility Ltd announced the resignation of its Chief Operations Officer, Mr. Hyun Shik Park, effective September 5, 2026, due to personal reasons. The company's Board of Directors also approved several key resolutions during their meeting on September 5, 2026. These include the re-appointment of Mr. Manoj Kumar Kohli and Ms. Shradha Sharma as Independent Directors for a second five-year term. Additionally, the Board approved an increase in authorized share capital and an enabling resolution to raise funds up to ₹1,500 crore through various securities. The company also announced the convening of its 9th Annual General Meeting.