StockWatch
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2/3 Wheelers
Corporate Governance5 Sept 2026, 08:20 pm

Ola Electric Re-appoints Manoj Kohli as Independent Director

AI Summary

Ola Electric Mobility Limited's Board of Directors has approved the re-appointment of Mr. Manoj Kumar Kohli as a Non-Executive Independent Director for a second term of 5 years, commencing December 6, 2026, until December 5, 2031. The board also noted the resignation of Mr. Hyun Shik Park as Chief Operations Officer. Additionally, the company approved an increase in authorized share capital and an enabling resolution to raise funds up to INR 1,500 Cr through various securities. The 9th Annual General Meeting notice was also approved.

Key Highlights

  • Manoj Kumar Kohli re-appointed as Independent Director for 5 years.
  • Resignation of Chief Operations Officer Mr. Hyun Shik Park noted.
  • Authorized share capital increased to INR 8,721.87 Cr.
  • Board approved raising up to INR 1,500 Cr via securities issuance.
  • Notice for the 9th Annual General Meeting approved.