Ola Electric Mobility has announced plans to impact approximately 5% of its workforce as part of a strategic initiative to enhance operational efficiency and speed through increased automation.

Workforce Optimization Strategy

The electric vehicle manufacturer is implementing changes that will affect about 5% of its total employee base. This decision is part of the company's broader focus on improving operational speed and efficiency across its business operations.

Automation Focus

The workforce impact is directly linked to Ola Electric's increased emphasis on automation, particularly in frontend operations. The company appears to be leveraging technology to streamline processes and enhance operational capabilities.

Strategic Implications

This move reflects Ola Electric's commitment to operational excellence and technological advancement. By implementing automation in frontend operations, the company aims to achieve:

• Enhanced operational speed
• Improved efficiency metrics
• Streamlined business processes
• Technology-driven performance optimization

The workforce optimization initiative demonstrates the company's strategic approach to balancing human resources with technological capabilities to maintain competitive advantage in the electric vehicle sector.

Ola Electric Mobility Limited has issued a postal ballot notice seeking shareholder approval for a key board appointment. The company announced on January 29, 2026, that it requires member consent for the appointment of Mr. Navalur Dattatreya Singh Shashank as Non-Executive Independent Director.

Board Appointment Details

The Board of Directors had previously appointed Mr. Shashank as Additional Director with effect from December 05, 2025, under Section 161 of the Companies Act, 2013. The proposed appointment requires shareholder approval through a special resolution as mandated by regulatory requirements.

Professional Background

Mr. Navalur Dattatreya Singh Shashank brings significant expertise to the board. He holds a Bachelor of Technology degree from the National Institute of Technology Karnataka (NITK), Surathkal. Currently serving as Co-founder and Chief Executive Officer of Practo, one of India's leading digital healthcare platforms, he has over 17 years of experience in building and scaling digital platforms.

His professional achievements include recognition in Forbes 30 Under 30 and Fortune India's 40 Under 40. He has played a significant role in advancing virtual care, care navigation, and data-driven healthcare delivery, bringing valuable technology and digital transformation expertise to the company.

E-Voting Process

The company has implemented a comprehensive e-voting mechanism through National Securities Depository Limited (NSDL) to facilitate shareholder participation. Members whose names appear in the register as of the cut-off date of January 23, 2026, are eligible to participate in the voting process.

Regulatory Compliance

The appointment follows all statutory requirements under the Companies Act, 2013, and SEBI Listing Regulations. The company has received necessary declarations from Mr. Shashank, including:

• Consent to act as director in Form DIR-2
• Declaration of independence under Section 149(6) of the Companies Act
• Confirmation of non-disqualification under Section 164(2)
• Compliance with Independent Directors databank registration requirements

The Board of Directors and Nomination and Remuneration Committee have recommended the appointment, citing his expertise in finance, corporate governance, technology, marketing, and risk management. The appointment is expected to contribute to the company's long-term strategy and value creation while safeguarding stakeholder interests.

Scrutinizer Appointment

The company has appointed Mr. Pramod SM (FCS No.: 7834 CP No.: 13784) or alternatively Mr. Biswajit Ghosh (FCS: 8750, CP No.: 8239) from M/s. BMP & Co. LLP as scrutinizers to ensure fair and transparent voting process. The results will be announced after scrutiny completion and displayed on the company website and stock exchange platforms.