Ola Electric Mobility shares extended their losing streak to ten consecutive sessions on Tuesday, January 20, falling over 4.50% as the electric vehicle manufacturer grappled with leadership changes and continued market pressure.

Leadership Transition Announced

In an exchange filing on Monday, Ola Electric announced significant changes to its senior management team. The company revealed that CFO Harish Abichandani resigned citing personal reasons, with his departure taking effect immediately.

Stock Performance Analysis

The electric vehicle manufacturer's shares have experienced significant volatility since the beginning of January. While the stock gained over 20% in the first three trading sessions of January across January 1, 2 and 5 on reports of market share improvements, it has been in a downward spiral since January 5.

Historical Performance Challenges

Since its listing in August last year, Ola Electric has struggled to maintain positive momentum. The stock has delivered negative returns in four out of the five full quarters that it has traded, reflecting ongoing market challenges in the electric vehicle sector.

The company made headlines in December when promoter Bhavish Aggarwal sold holdings worth nearly ₹300.00 crore. According to the company, this transaction was undertaken solely to fully repay a promoter level loan of approximately ₹260.00 crore and to release all 3.93% of shares that were previously pledged, thereby eliminating all promoter pledges.

Pending Disclosures

Ola Electric is yet to disclose several key financial documents that investors are awaiting:

• Shareholding pattern for the quarter ended December 31
• Financial results for the December-ended quarter

The stock's current trading level of ₹34.00 represents a decline of 78% from its post-listing high of ₹157.00 and marks a significant drop of more than 50% from its IPO price of ₹76.00 per share, highlighting the challenges facing the electric mobility sector.

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:

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.