Olectra Greentech Clarifies: No Electric Car Production Despite Concept Display

Olectra Greentech , a company known for its focus on electric mobility solutions, recently made a clarification regarding its product lineup. This comes in the wake of an electric concept car showcase at the Telangana Rising Global Summit 2025, which led to some confusion about the company's offerings.

Key Points of Clarification

Concept Car Display: An electric concept car was showcased at the Telangana Rising Global Summit 2025.
Ownership Clarification: Olectra Greentech stated that the displayed concept vehicle belongs to a group company, not Olectra Greentech itself.
Product Line Confirmation: The company explicitly stated that it does not produce electric cars.

This clarification is significant as it helps investors and industry observers understand the exact nature of Olectra Greentech's business activities and product offerings. It demonstrates the company's commitment to transparency and clear communication with its stakeholders.

While the display of an electric concept car at a prominent summit might have suggested a potential expansion into the electric car market, Olectra Greentech's prompt clarification helps prevent any misunderstandings about its current product portfolio and future directions.

For investors and market analysts, this information is crucial in accurately assessing the company's business model, market position, and potential growth areas within the electric mobility sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.72%	-8.94%	-5.77%	-5.60%	-19.27%	+724.37%

Olectra Greentech has successfully concluded its postal ballot process, with all proposed resolutions receiving overwhelming shareholder approval. The company announced the voting results on December 24, 2025, marking a significant milestone in its corporate governance journey.

Postal Ballot Results Overview

The postal ballot, conducted through remote e-voting from November 24 to December 23, 2025, saw strong participation from shareholders across all categories. The voting process was scrutinized by Prathap Satla Associates, Company Secretaries, ensuring transparency and compliance with regulatory requirements.

Voting Details	Information
Total Shareholders (Cut-off Date)	4,60,634
Cut-off Date	November 20, 2025
E-voting Period	November 24 - December 23, 2025
Scrutinizer	Prathap Satla Associates

Resolution-wise Voting Results

All three resolutions proposed in the postal ballot notice dated November 19, 2025, were approved with substantial majority:

Resolution 1: Regularisation of Managing Director

The regularisation of Mr. Mahesh Babu Subramanian (DIN: 08736697) as Director received strong support:

Vote Category	Votes Cast	Percentage
In Favour	4,66,70,576	96.05%
Against	19,18,200	3.95%

Resolution 2: Appointment as Managing Director

The appointment of Mr. Mahesh Babu Subramanian as Managing Director for a 3-year term from September 27, 2025, was approved:

Vote Category	Votes Cast	Percentage
In Favour	4,46,30,188	91.85%
Against	39,58,588	8.15%

Resolution 3: Independent Director Reappointment

The reappointment of Mrs. Chintalapudi Laksmi Kumari (DIN: 09023799) as Independent Director for 5 years from January 9, 2026, received approval:

Vote Category	Votes Cast	Percentage
In Favour	4,84,65,794	99.75%
Against	1,22,982	0.25%

Shareholder Participation Analysis

The postal ballot witnessed significant participation across different shareholder categories:

Shareholder Category	Total Shares	Votes Polled	Participation Rate
Promoter & Promoter Group	4,10,53,000	4,10,53,000	100.00%
Public Institutions	62,68,712	51,46,474	82.10%
Public Non-Institutions	3,47,59,025	23,89,302	6.87%
Total	8,20,80,737	4,85,88,776	59.20%

The successful completion of this postal ballot process strengthens Olectra Greentech's leadership structure and demonstrates strong shareholder confidence in the proposed appointments. The company has published the complete voting results and scrutinizer's report on its website at www.olectra.com , ensuring transparency and regulatory compliance.