Ola Electric Mobility has disclosed comprehensive voting results of its postal ballot conducted for a special resolution regarding variation in the objects and terms of utilisation of Initial Public Offering proceeds and modification of time limit for utilisation of the IPO proceeds. The resolution was approved by shareholders with overwhelming support through remote e-voting completed on April 22, 2026.

The postal ballot process was conducted in compliance with Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors had appointed BMP & Co. LLP, Practicing Company Secretaries, as the Scrutinizer to ensure the remote e-voting process was conducted in a fair and transparent manner.

Voting Timeline and Process

The remote e-voting commenced on March 24, 2026, at 9:00 A.M. IST and concluded on April 22, 2026, at 5:00 P.M. IST. The e-voting services were provided by National Securities Depository Limited (NSDL). The record date for determining eligibility was March 18, 2026, with a total of 2,011,579 shareholders on record. The Postal Ballot Notice was dispatched to eligible members by electronic mode on March 23, 2026.

Comprehensive Voting Results

The special resolution received exceptional support from shareholders across all categories, with 99.97% votes cast in favor of the resolution:

Scrutinizer's Report and Compliance

Biswajit Ghosh, Designated Partner of BMP & Co. LLP (Membership No. FCS: 8750/ CP: 8239), submitted the Scrutinizer's Report confirming that the resolution contained in the Postal Ballot Notice was passed with requisite majority by the members of the company. The report noted that all votes cast through remote e-voting up to 5:00 P.M. IST on April 22, 2026, were considered for scrutiny.

The voting process was witnessed by Ms. Isha Shrotriya and Ms. G K Shwetha during the unblocking of the remote e-voting event at 05:02 P.M. IST on April 22, 2026. The electronic data and relevant records relating to remote e-voting will remain in the safe custody of BMP & Co. LLP before being handed over to the company secretary.

Regulatory Compliance and Disclosure

The intimation regarding the voting results and Scrutinizer's Report has been submitted to both the National Stock Exchange of India Limited (NSE Scrip Symbol: OLAELEC) and BSE Limited (BSE Scrip Code: 544225) for their records. The complete disclosure has also been hosted on the company's website at www.olaelectric.com as required under applicable regulations.

Ola Electric Mobility has officially announced its Ola Sona Weekend offer, a comprehensive promotional campaign designed to celebrate Akshaya Tritiya festivities. The offer provides customers with benefits of up to ₹50,000 across the company's electric vehicle portfolio and will be available exclusively on April 18-19, 2026.

Festival-Timed Marketing Initiative

The timing of this promotional offer strategically aligns with Akshaya Tritiya, one of India's most auspicious festivals traditionally associated with prosperity and new beginnings. During this period, consumers typically engage in major purchases, particularly gold and other valuable items, making it an ideal time for premium product launches.

Comprehensive Offer Details

Product-Specific Benefits

The offer includes significant discounts across multiple product categories. The Roadster X+ 9.1 kWh, powered by the company's indigenously developed 4680 Bharat Cell, is available at ₹1,39,999 with a ₹50,000 discount during the limited purchase window. Additionally, customers can avail discounts of up to ₹40,000 on all products across the portfolio, along with credit card offers worth ₹10,000 on EMIs through Bank of Baroda, Scapia Federal, Yes Bank, IDFC, HSBC, and HDFC credit cards.

Limited Edition Ola Sona

As part of the celebration, customers stand a chance to win the limited-edition Ola S1 Pro Sona, featuring real 24-karat gold plated elements. This premium variant includes an immersive "Sona Mood" experience with a gold-themed interface on the Ola app and a customized MoveOS dashboard, enabling riders to personalize ride modes and settings for a more bespoke journey.

Strategic Market Positioning

An Ola Electric spokesperson emphasized that the initiative captures the spirit of Akshaya Tritiya with offerings that are both aspirational and disruptive. The company's approach extends traditional festival shopping sentiment to include sustainable mobility solutions, positioning electric vehicles as premium purchases suitable for auspicious occasions. The strong demand momentum reflects growing customer confidence in the company's technology, scale, and vertically integrated EV platform.