Ola Electric Mobility Limited has scheduled its 9th Annual General Meeting (AGM) for September 30, 2026. The meeting will commence at 4:30 pm on Wednesday, September 30, 2026, and will be conducted through Video Conferencing or Other Audio-Visual Means.

The company disclosed the intimation under Regulation 30 read with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On September 8, 2026, the firm dispatched letters to members who have not registered their email addresses, providing web links to access the Notice of the AGM and the Annual Report for FY25-26. Additionally, Ola Electric published a newspaper advertisement in Vishwavani (Kannada) and Financial Express (English) on September 9, 2026, regarding the AGM notice and remote e-voting information.

Meeting Details and Participation

The AGM will be held without the physical presence of members at a common venue, in compliance with the Companies Act, 2013, and applicable SEBI Listing Regulations. National Securities Depository Limited (NSDL) will provide the VC/OAVM facility. The venue is deemed to be the Registered Office of the Company situated in Bengaluru.

Members participating through the VC/OAVM facility will be counted for reckoning the quorum under Section 103 of the Companies Act, 2013. Shareholders will have the opportunity to cast their votes remotely on the businesses set out in the notice via NSDL’s e-voting system. The facility for appointment of proxies will not be available since the AGM is being held through VC/OAVM.

E-Voting Schedule

Members holding shares as on the cut-off date are eligible to vote. Once a vote is cast, it cannot be changed subsequently. Members who have cast their vote by remote e-voting prior to the AGM may attend the meeting but shall not be entitled to cast their vote again.

Scrutinizer Appointment

The Board of Directors appointed Mr. Pramod S.M. (FCS Membership No. 7834; CP No. 13784), or in his absence Mr. Biswajit Ghosh (FCS: 8750, CP No.: 8239), Partners of M/s BMP & Co. LLP, Practising Company Secretaries, as the Scrutinizer to scrutinize the remote e-voting and voting process.

Document Dispatch and Access

The Notice of the AGM along with the Annual Report for the financial year 2025-26 was dispatched electronically to members with registered email addresses as on Thursday, September 3, 2026. This dispatch aligns with Regulation 36(1)(b) of the SEBI Listing Regulations. The dispatch of notices through emails was completed on September 8, 2026.

For members who have not registered their email addresses, the company sent a letter containing a web-link and QR code to access the documents. The soft copy of the Annual Report and Notice can be accessed via the company’s investor relations page under Financials → Annual Report. Physical copies can be requested by writing to companysecretary@olaelectric.com with Folio No. or DP ID and Client ID.

Members holding shares in physical form are requested to register/update their email addresses by submitting Form ISR-1 to the Company's Registrar and Share Transfer Agent, MUFG Link Intime India Private Limited.

Ola Electric Mobility board approved an enabling resolution on September 5, 2026 to raise up to ₹1,500 crore through equity shares or convertible securities. The move signals potential capital deployment ahead of its 9th Annual General Meeting.

The company also noted the resignation of Chief Operations Officer Hyun Shik Park for personal reasons and reappointed two independent directors for five-year terms.

Capital Raise Resolution

The board authorized raising funds not exceeding ₹1,500 crore via permissible modes including rights issues, qualified institutions placements (QIP), private placements, or public offers. Instruments may include fully convertible debentures, partly convertible debentures, warrants, American Depositary Receipts (ADRs), or Global Depositary Receipts (GDRs).

Shareholder approval is required for the final issuance. The resolution covers securities convertible into or exchangeable for equity shares.

Board Changes

Two independent directors were reappointed based on Nomination and Remuneration Committee recommendations:

Both appointments are subject to shareholder approval at the upcoming AGM. Neither director is liable to retire by rotation.

Hyun Shik Park resigned as Chief Operations Officer effective September 5, 2026, citing personal reasons. He was designated as Senior Management Personnel.

Corporate Actions

The board increased authorized share capital from ₹8,318.5 crore to ₹8,721.9 crore, altering Clause V of the Memorandum of Association. This change requires shareholder ratification.

The 9th AGM is scheduled for September 30, 2026, at 4:30 pm via video conferencing. The notice will be submitted to stock exchanges per Regulation 34 of SEBI Listing Regulations.