Ola Electric Mobility Limited , a prominent player in the electric vehicle sector, has announced a significant corporate action that could shape its future growth trajectory. The company has scheduled a board meeting for October 25, 2025, to deliberate on and potentially approve a proposal for raising funds through various means.

Key Points of the Announcement

• Meeting Date: October 25, 2025
• Purpose: To consider and approve fund-raising proposal
• Potential Methods:
  • Private placement
  • Qualified institutions placement
  • Preferential issue
• Subject to: Regulatory approvals and shareholder consent

Funding Options Under Consideration

The board will explore multiple avenues for raising capital, which may include:

These options provide Ola Electric with flexibility in choosing the most suitable method for their current needs and market conditions.

Trading Window Closure

In line with regulatory requirements, Ola Electric has also announced:

• The trading window for the company's securities has been closed since October 01, 2025
• It will reopen 48 hours after the declaration of financial results

This measure ensures fair trading practices and prevents insider trading during sensitive periods.

Implications for Investors

While the specifics of the fund-raising plan are yet to be determined, this move signals Ola Electric's intent to bolster its financial position. The additional capital could potentially be used for various purposes such as expansion, research and development, or strengthening the company's market position in the competitive electric vehicle industry.

Investors and market watchers will be keenly awaiting the outcome of this board meeting, as it could have significant implications for Ola Electric's future growth strategy and market valuation.

Stakeholders are advised to stay tuned for further updates from the company regarding the decisions made during the upcoming board meeting.

Bengaluru police have filed charges against Ola Electric Mobility CEO Bhavish Aggarwal following the tragic suicide of a 38-year-old engineer, K Aravind. The case has brought to light allegations of workplace harassment and financial exploitation within the company.

Allegations and Investigation

Aravind, who had been working as a homologation engineer at Ola Electric since 2022, took his own life on September 28 at his residence. In a 28-page suicide note, he accused Aggarwal and supervisor Subrat Kumar Das of subjecting him to mental harassment and financial exploitation.

The case took a turn when Aravind's family discovered a suspicious bank transfer of ₹17,46,313.00 made to his account two days after his death. This discovery prompted them to file a complaint, leading to an FIR being registered on October 6.

Legal Proceedings and Company Response

The First Information Report (FIR) alleges that constant harassment and financial exploitation led to Aravind's death. In response, Ola Electric has challenged the FIR in the Karnataka High Court. The company's stance includes the following points:

• Aravind had been with the company for three and a half years.
• He reportedly never raised any complaints during his tenure.
• The company claims he had no direct interaction with top management.
• The bank transfer made after his death was described as a full and final settlement to support the family.

Implications for Ola Electric

This incident raises questions about workplace culture and employee welfare at Ola Electric. As the case unfolds, it may have implications for the company's reputation and operations.

As this is an ongoing legal matter, further developments are expected as the investigation proceeds.