Ola Electric discloses revised KMP list for UPSI determination

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Ola Electric disclosed a revised KMP list under SEBI Reg 30(5)
  • Board approved the update on September 28, 2026
  • List includes Bhavish Aggarwal, Saroj Panigrahi, Deepak Rastogi, and Deepa Bansal
  • Disclosure aims to streamline materiality determination for stock exchange filings
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Ola Electric Mobility has disclosed a revised list of Key Managerial Personnel (KMP) and officers to stock exchanges. The update, approved by the Board on September 28, 2026, aligns with Regulation 30(5) of the SEBI Listing Regulations for determining materiality of events.

The filing specifies that this disclosure is intended for making timely disclosures to stock exchanges under Regulation 30 and Schedule III. The revised list includes the Chairman and Managing Director, Group Chief Legal Officer, Chief Financial Officer, and Company Secretary.

Revised personnel structure

The company identified four key individuals responsible for determining the materiality of events or information. This structural update ensures compliance with regulatory requirements for prompt and accurate market disclosures.

Name Designation
Bhavish Aggarwal Chairman & Managing Director
Saroj Panigrahi Group Chief Legal and Corporate Affairs Officer
Deepak Rastogi Chief Financial Officer
Deepa Bansal Company Secretary & Compliance Officer

Regulatory compliance details

The intimation was submitted to both the National Stock Exchange of India and BSE Limited. The document was digitally signed by Deepak Rastogi, Chief Financial Officer, from Bengaluru. The revised list is also available on the company’s investor relations website for public access.

Historical Stock Returns for Ola Electric Mobility

1 Day5 Days1 Month6 Months1 Year5 Years
-1.61%+4.04%+4.59%+58.68%-32.44%-58.49%

How might the revised KMP structure influence Ola Electric's speed and accuracy in responding to future material events?

What impact could this regulatory compliance update have on investor confidence in Ola Electric's corporate governance framework?

Will the updated disclosure protocols lead to more frequent or detailed market communications from Ola Electric in the coming quarters?

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Ola Electric appoints Deepa Bansal as company secretary and compliance officer

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Ola Electric appointed Deepa Bansal as Company Secretary and Compliance Officer
  • Appointment effective from September 28, 2026, approved by the Board of Directors
  • Bansal has over 11 years of experience in corporate secretarial functions and IPO listing
  • Prior roles included Kothari Petrochemicals, Tessolve Semiconductor, and Medi Assist Healthcare
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Ola Electric Mobility Limited appointed Deepa Bansal as its new Company Secretary and Compliance Officer with effect from September 28, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

Bansal brings over 11 years of experience in corporate secretarial functions, corporate governance, IPO listing, fund raising, and corporate restructuring. She is an Associate Member of the Institute of Company Secretaries of India and holds a Bachelor's degree in Commerce.

Professional background

Prior to joining Ola Electric, Bansal held key secretarial roles at several prominent organizations. Her experience spans multiple sectors, providing a robust foundation for regulatory compliance and governance.

  • Kothari Petrochemicals Limited: Gained expertise in secretarial domain operations.
  • Tessolve Semiconductor Pvt. Ltd.: Managed compliance frameworks in the technology sector.
  • Medi Assist Healthcare Services Limited: Handled corporate governance and regulatory requirements.

Governance implications

The appointment aligns with SEBI Listing Regulations and the Companies Act, 2013, ensuring continued adherence to statutory obligations. As Key Managerial Personnel, Bansal will discharge duties related to regulatory compliances and maintain the company's corporate governance standards.

The board meeting to approve this appointment commenced at 5:45 pm and concluded at 6:30 pm on September 28, 2026. The intimation has been filed with stock exchanges and will be available on the company's investor relations website.

Historical Stock Returns for Ola Electric Mobility

1 Day5 Days1 Month6 Months1 Year5 Years
-1.61%+4.04%+4.59%+58.68%-32.44%-58.49%

How might Deepa Bansal's specific experience in IPO listing and fund raising influence Ola Electric's future capital acquisition strategies?

What impact will this leadership change in compliance have on Ola Electric's ability to address ongoing regulatory scrutiny or governance concerns?

Will the appointment signal a shift in Ola Electric's corporate governance framework to attract more institutional investors?

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1 Year Returns:-32.44%