Ola Electric Promoter Pledges 4.32% Stake for Rights Issue

Ola Electric Mobility Ltd announced that its promoter, Bhavish Aggarwal, has pledged 4.32% of his stake in the company. This action is specifically to fund his participation in the upcoming rights issue, as approved by the Board and detailed in the Draft Letter of Offer filed on September 28, 2026. The company clarified that this is the only pledge on his securities and no shares are being sold. The promoter intends to invest in the rights issue on the same terms as other shareholders.