Ola Electric Designates Key Personnel for Regulatory Disclosures Under SEBI Listing Regulations

Ola Electric Mobility Limited has formally authorized three key managerial personnel to determine the materiality of events and information for regulatory disclosures to stock exchanges. The electric vehicle manufacturer communicated this designation to the National Stock Exchange of India and BSE Limited on January 19, 2026.

Regulatory Compliance Framework

The authorization comes in compliance with Regulation 30(5) of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to designate specific personnel responsible for determining what constitutes material information that requires disclosure to stock exchanges.

Authorized Key Personnel

The company has designated three senior executives to handle materiality determinations and disclosure responsibilities:

Sr. No.	Name	Designation
1	Mr. Bhavish Aggarwal	Chairman and Managing Director
2	Mr. Deepak Rastogi	Chief Financial Officer
3	Mr. Abhishek Jain	Company Secretary and Compliance Officer

Contact and Communication Details

The company has provided comprehensive contact information for regulatory communications. The primary contact address is located at Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Koramangala VI Bk, Bangalore South-560095, Karnataka, India. Official communications can be directed to companysecretary@olaelectric.com or through telephone at +91 080-35440050.

Transparency and Accessibility

Ola Electric has committed to maintaining transparency by making this information publicly accessible on its official website. The company stated that this intimation will be available on its investor relations section, specifically under announcements, ensuring stakeholders have easy access to this regulatory information.

Documentation and Authentication

The formal communication was digitally signed by Company Secretary and Compliance Officer Abhishek Jain on January 19, 2026, at 21:39:49 +05'30'. Jain holds membership number A62027 and signed the document from Bengaluru, ensuring proper authentication and legal validity of the authorization.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.05%	-9.54%	+3.63%	-15.51%	-52.24%	-60.82%

Ola Electric Mobility Limited announced a significant leadership transition in its finance department during a board meeting held on January 19, 2026. The company has appointed Mr. Deepak Rastogi as its new Chief Financial Officer, effective January 20, 2026, while simultaneously noting the resignation of the outgoing CFO, Mr. Harish Abichandani.

Board Meeting Outcomes

The board meeting, which commenced at 07:00 PM IST and concluded at 07:20 PM IST on January 19, 2026, addressed the CFO transition as part of its key business considerations. The company communicated these developments to both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI Listing Regulations.

Position:	Outgoing CFO	Incoming CFO
Name:	Mr. Harish Abichandani	Mr. Deepak Rastogi
Effective Date:	January 19, 2026 (End of Day)	January 20, 2026
Reason:	Personal reasons	Appointment
Status:	Key Managerial Personnel	Key Managerial Personnel & Senior Management

Outgoing CFO's Departure

Mr. Harish Abichandani submitted his resignation as Chief Financial Officer due to personal reasons, with his tenure concluding at the end of January 19, 2026. In his resignation communication, he expressed gratitude for the opportunity to be part of Ola's journey under the company's leadership. The board placed on record its appreciation for his contributions during his tenure with the organization.

New CFO Profile and Expertise

Mr. Deepak Rastogi brings extensive experience to his new role as CFO and Key Managerial Personnel. His professional background spans over 30 years across large, complex, and capital-intensive organizations in multiple sectors.

Professional Background

Experience Area:	Details
Total Experience:	30+ years
Qualifications:	Chartered Accountant, MBA
Industry Exposure:	Automotive, manufacturing, chemicals, fertilizers, mining, industrial products, real estate
Previous Organizations:	Puravankara Group, Deepak Fertilisers & Petrochemicals, Tata AutoComp Systems, The Timken Company, Alcatel, DuPont, Castrol, Raymond
Board Experience:	Director on several listed companies

Key Competencies

Mr. Rastogi's expertise encompasses several critical areas for Ola Electric's continued growth:

Financial Leadership: P&L leadership and strategic financial management
Capital Markets: Fund-raising, IPO readiness, and investor relations
Mergers & Acquisitions: Cross-border M&A and equity transactions
Transformation: Business transformation and value creation initiatives
Governance: Risk management and institutional governance frameworks

Transaction Experience and Global Exposure

The new CFO has advised and led equity transactions worth approximately $1 billion, including IPO and cross-border M&A activities in recent years. His international experience spans multiple regions including India, China, ASEAN, Europe, Sweden, USA, and the Middle East, providing him with a global perspective on business operations and capital markets.

Regulatory Compliance

The company has fulfilled all regulatory requirements in connection with this leadership transition. The appointment and resignation details have been disclosed in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and relevant stock exchange circulars. Mr. Rastogi is not debarred from holding office by any SEBI order or other regulatory authority, and he is not related to any director of the company.

The outcome of the board meeting has been made available on the company's website at the investor relations section, ensuring transparency and accessibility for all stakeholders.