Olectra Greentech has announced key dates and decisions related to its upcoming 25th Annual General Meeting (AGM) and proposed final dividend for the financial year ended March 31, 2025.

Book Closure and Record Date

The company has set the book closure period from September 21, 2025, to September 27, 2025 (both days inclusive). The record date has been fixed as September 20, 2025, for the purpose of the AGM and determining shareholder eligibility for the final dividend.

Annual General Meeting

Olectra Greentech's 25th AGM is scheduled for Saturday, September 27, 2025, at 1:00 P.M. The meeting will be conducted through Video Conference (VC) or Other Audio-Visual Means (OAVM), adapting to the digital format for shareholder convenience.

Proposed Final Dividend

The Board of Directors has proposed a final dividend of 10% (Rs. 0.40 per equity share) on the face value of Rs. 4 per share for the financial year ended March 31, 2025. This dividend is subject to shareholder approval at the upcoming AGM.

E-Voting Period

Shareholders can participate in e-voting for the AGM resolutions from September 24, 2025 (9:00 A.M.) to September 26, 2025 (5:00 P.M.).

Appointment of Secretarial Auditors

The Board has approved the appointment of M/s. VCSR & Associates, Practicing Company Secretaries, as the Secretarial Auditors of the company. This appointment is for a period of five consecutive years, from the conclusion of the 25th AGM until the 30th AGM to be held in the financial year 2030. The appointment covers the financial years 2025-26 to 2029-30 and is subject to shareholder approval at the upcoming AGM.

M/s VCSR & Associates, established in 2014 and based in Hyderabad, has been serving as Olectra Greentech's Secretarial Auditors since 2019. The firm specializes in various areas including Company Law, Insolvency Law, Securities Laws & FEMA, Corporate Restructuring, and Compliance Management.

These announcements reflect Olectra Greentech's commitment to maintaining transparent communication with its shareholders and ensuring compliance with regulatory requirements. Investors and stakeholders are advised to take note of these important dates and developments.

Olectra Greentech , a leading manufacturer of electric buses in India, has announced its intention to participate in the PM E-Drive tender for 10,900 electric buses. The tender, valued at approximately ₹10,900 crore, represents a significant opportunity for the company to expand its footprint in the rapidly growing electric vehicle market.

Tender Details

The PM E-Drive tender, aimed at promoting electric mobility in public transportation, seeks to procure 10,900 electric buses for various state transport undertakings (STUs) across India. With each bus valued at around ₹1 crore, the total tender amount stands at ₹10,900 crore.

Olectra's Strategic Position

Olectra Greentech is well-positioned to compete for this substantial tender, given its extensive experience and capabilities in the electric bus segment:

• Manufacturing Capacity: The company recently established a greenfield electric vehicle manufacturing plant with an initial capacity of 5,000 electric vehicles per year, scalable to 10,000 units annually.
• Product Range: Olectra offers a diverse portfolio of electric buses, including 7-meter, 9-meter, and 12-meter models, catering to various urban and inter-city transportation needs.
• Market Presence: With over 2,800 electric vehicles already on Indian roads, Olectra has a strong track record in delivering and operating electric buses.
• Clean Kilometers: The company's electric vehicles have collectively covered over 440 million clean kilometers, demonstrating their reliability and environmental impact.

Financial Strength

Olectra Greentech's robust financial performance positions it well for taking on large-scale projects:

• Order Book: As of the latest report, Olectra's order book exceeds 10,000 units, indicating strong market demand for its products.

Industry Outlook

The PM E-Drive tender aligns with India's push towards electric mobility and sustainable public transportation. As cities and states increasingly adopt electric buses to reduce emissions and operating costs, manufacturers like Olectra Greentech stand to benefit significantly.

Conclusion

Olectra Greentech's decision to participate in the PM E-Drive tender for 10,900 electric buses worth ₹10,900 crore underscores the company's ambition to maintain its leadership position in India's electric bus market. With its expanded manufacturing capabilities, diverse product range, and strong financial foundation, Olectra is well-equipped to compete for this substantial government initiative. The outcome of this tender could significantly impact the company's growth trajectory and further solidify its role in India's transition to electric public transportation.