Ola Electric Defers Board Meeting for Rights Issue Approval

Ola Electric Mobility Ltd has postponed its Board of Directors meeting, originally scheduled for October 5, 2026, to consider and approve a Rights Issue of partly paid-up equity shares. The issue aims to raise up to ₹1,000 crores. The deferral is due to the company awaiting in-principle approval from stock exchanges and other regulatory authorities. A revised meeting date will be announced in due course. The company had previously intimated on September 28, 2026, about this upcoming board meeting.