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.

Olectra Greentech , a prominent player in the electric vehicle sector, has initiated a significant corporate governance process. The company's Board has approved a postal ballot notice to seek shareholder consent for crucial leadership appointments and reappointments.

Key Appointments and Reappointments

The postal ballot aims to address two primary leadership changes:

1. Appointment of New Managing Director:

   • Mahesh Babu Subramanian is proposed to be regularized and appointed as the Managing Director.
   • The proposed term is for 3 years, commencing from September 27, 2025.

2. Reappointment of Independent Director:

   • Chintalapudi Laksmi Kumari is proposed for reappointment as an Independent Director.
   • The proposed term is for 5 years, starting from January 9, 2026.

Voting Process and Timeline

Olectra Greentech has outlined the following schedule for the e-voting process:

This move by Olectra Greentech demonstrates the company's commitment to maintaining robust corporate governance practices and ensuring shareholder participation in key decisions. The outcome of this postal ballot will be crucial in shaping the company's leadership structure for the coming years, potentially influencing its strategic direction and operational efficiency.

Shareholders are encouraged to participate in the e-voting process to have their say in these important leadership decisions. The results of the postal ballot, once announced, will provide clarity on the future leadership team of Olectra Greentech.