Ola Electric Mobility Ltd

Ola Electric Shareholders Approve Key IPO Proposals 📊

- Shareholders approved a special resolution to vary the objects/terms of utilisation of the Initial Public Offering (IPO) proceeds and modify the time limit for their utilisation.

- The resolution passed with 99.97% votes in favor and 0.03% against, based on 2,503,029,027 total valid votes cast.

- Voting participation was 56.76% of total outstanding shares.

- Promoter and promoter group voted 100% in favor, and public institutions also voted 100% in favor.