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.

Olectra Greentech , a leading electric vehicle manufacturer, has addressed concerns regarding its bus delivery commitments in Maharashtra. During a recent conference call, the company stated that there are no issues with meeting the timeline for bus deliveries in the state.

Delivery Assurance

The company's statement comes as a reassurance to stakeholders and customers alike. Olectra Greentech, known for its electric buses and other green transportation solutions, has been working on expanding its presence in various states, including Maharashtra.

Market Position

Olectra Greentech has been making significant strides in the electric vehicle sector, particularly in the e-bus segment. As of the latest available data, the company has:

• Over 3,000 electric vehicles on the road
• Completed more than 480 million clean kilometers
• An order book of 9,818 units

Financial Performance

While the company didn't provide specific financial details related to the Maharashtra order, its recent financial performance has shown positive trends:

The company's revenue has shown an increase of 19.80% in the first half of FY26 compared to the same period in the previous year.

Future Outlook

Olectra Greentech's reassurance regarding the Maharashtra bus delivery timeline aligns with its overall growth strategy. The company has been expanding its product range and production capabilities to meet the increasing demand for electric vehicles in India.

As the push for green transportation continues to grow, Olectra Greentech's commitment to timely delivery and expansion of its electric vehicle fleet positions it in the evolving market landscape.

The company's statement on the Maharashtra deliveries demonstrates its focus on maintaining customer trust and meeting contractual obligations, which are crucial factors in the competitive electric vehicle industry.