Ola Electric Mobility Limited confirmed on October 22, 2026, that specific investors submitted applications for 23,855,476 rights entitlements in its ongoing rights issue of partly paid-up equity shares.

The applications were made before the 11:00 am cutoff on the issue opening date, Thursday, October 22, 2026. This intimation complies with Regulation 77B(2) of the SEBI ICDR Regulations, following the disclosure of specific investors in newspaper advertisements dated October 15, 2026.

Investor Applications Breakdown

The company received confirmations from two specific investors who renounced their rights from promoter group members. The total number of rights entitlements applied for matches the total number renounced, indicating full subscription by these designated entities for this tranche.

Regulatory Compliance and Disclosure

The company filed this confirmation with the National Stock Exchange and BSE under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The disclosure serves to inform the exchanges about the participation of specific investors who acquired rights through renunciation from the promoter group.

The details are available on the company's investor relations website. The filing was signed by Deepa Bansal, Company Secretary and Compliance Officer, confirming the receipt of applications from the respective investors and their custodians.

Ola Electric Mobility has submitted the Letter of Offer for its ₹1,000 crore rights issue to SEBI and stock exchanges. The final terms set the issue price at ₹27 per share, representing a discount of approximately 26% to the current market price, with the subscription window opening on October 22, 2026.

The submission follows the board meeting held on October 7, 2026, which finalized key parameters including the entitlement ratio and critical dates. The company had previously received in-principle approval from stock exchanges on October 6, 2026. The rights issue involves partly paid-up equity shares with a face value of ₹10 each, aiming to raise up to ₹999.74 crore assuming full subscription. The promoter group will invest alongside all other shareholders on identical terms.

Rights issue schedule and payment structure

The subscription period will run from October 22 to October 30, 2026. Shareholders can renounce their rights entitlements on-market until October 26, 2026. The board retains the right to extend the issue period by up to 30 days from the opening date if required.

The issue price of ₹27 per share includes a premium of ₹17. Payment is structured in two tranches:

Note: The board may adjust the timing of the final call based on business requirements.

Key parameters of the rights issue

The following table summarizes the core details of the offering as approved by the board:

Impact on shareholding and capital structure

Under the approved terms, eligible shareholders will be entitled to subscribe to 2 new shares for every 25 fully paid-up equity shares held as of the record date of October 13, 2026. The outstanding equity share count is expected to rise from 462.84 crore pre-issue to 499.87 crore post-issue, assuming full subscription and payment of call monies.

The board also approved the Letter of Offer to be filed with SEBI and stock exchanges. The meeting commenced at 5:02 pm and concluded at 5:30 pm IST.