StockWatch
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2/3 Wheelers
Corporate Governance7 Aug 2026, 05:42 pm

Ola Electric Trust Deed Modified Due to Trustee Change

AI Summary

Ola Electric Mobility Limited has informed the exchange about a modification to the Trust Deed of the OEM Employees Welfare Trust. This change is a consequence of an alteration in the composition of the Trustees. The modification is administrative and does not affect the Trust's objectives or employee benefits. A Deed of Appointment cum Removal of Trustees has been executed, appointing Mr. Nirajkumar Popatlal Jain as the incoming Trustee and removing Mr. Amit Anchal as the outgoing Trustee. The company will also update its website with this information.

Key Highlights

  • Trust Deed of OEM Employees Welfare Trust modified.
  • Change is due to alteration in Trustee composition.
  • Modification is administrative; no impact on objectives or benefits.
  • New Trustee appointed, outgoing Trustee removed.
  • Company to update its website with the information.