Ola Electric Reappoints Shradha Sharma as Independent Director

Ola Electric Mobility Ltd announced the re-appointment of Ms. Shradha Sharma as a Non-Executive Independent Director for a second term of 5 years, commencing December 06, 2026, to December 05, 2031. This decision was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. The company also noted the resignation of Mr. Hyun Shik Park as Chief Operations Officer. Additionally, the Board approved an increase in authorized share capital and an enabling resolution for raising funds up to ₹1,500 Cr through various securities. The notice for the 9th Annual General Meeting was also approved.