Ola Electric Mobility Limited has announced its Ninth Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026, at 4:30 PM IST. The meeting will be conducted via Video Conference/Other Audio-Visual Means. Key agenda items include the adoption of audited financial statements and the re-appointment of directors Mr. Arun Sarin and Ms. Shradha Sharma, along with a special resolution for the re-appointment of Mr. Manoj Kumar Kohli. The company also seeks approval for increasing its authorized equity share capital to INR 8721,87,34,420, allowing for potential fundraising up to INR 1,500 crore.
9th Annual General Meeting Scheduled
Ola Electric Mobility Limited has announced that its Ninth Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 4:30 PM IST. The meeting will be conducted virtually through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
Ordinary Business: Financials and Director Re-appointments
Under the ordinary business, shareholders will be asked to consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The board reports and auditors’ reports will also be presented for consideration.
Furthermore, Mr. Arun Sarin, a Non-Executive Director, is retiring by rotation and is eligible for re-appointment. The resolution proposes his re-appointment as Non-Executive Director, subject to retirement by rotation.
Special Business: Director Re-appointments and Capital Increase
In special business, the company seeks to re-appoint Mr. Manoj Kumar Kohli as a Non-Executive Independent Director for a second term of five consecutive years, commencing December 06, 2026. Ms. Shradha Sharma is also proposed for re-appointment as a Non-Executive Independent Woman Director for a second term of five consecutive years, also commencing December 06, 2026.
A significant resolution, Item No. 5, proposes to approve an increase in the Company’s authorized equity share capital by INR 403,37,35,570, altering Clause V of the Memorandum of Association. This move is intended to facilitate long-term growth strategies and business expansion plans.
Item No. 6 proposes to approve raising of funds through issuance of securities for an aggregate amount not exceeding INR 1,500 Crore. This fundraising is aimed at supporting business expansion, ongoing working capital requirements, and potentially for a qualified institutional placement (QIP).
Source: BSE
