Ola Electric Mobility Ltd

Ola Electric Allots ₹127.64 Crore in Preference Shares to Subsidiary 📊

• Ola Electric Technologies allotted 12,76,40,000 optionally convertible redeemable preference shares to Ola Cell Technologies

• Total consideration: ₹127,64,00,000 (One Hundred Twenty Seven Crores Sixty Four Lakhs)

• Each share has face value of ₹10 with 0.001% non-cumulative dividend rate

• Allotment follows shareholder approval from August 22, 2025 AGM for IPO proceeds utilization variation

• Part of ongoing capital restructuring within Ola Electric group companies