What was filed
Ola Electric Mobility Limited told the BSE and NSE that its Board of Directors will meet on 5 October 2026 to consider and decide the specific terms of a proposed rights issue. The filing describes this as a continuation of an earlier board intimation dated 28 September 2026. The meeting is scheduled for 5 October 2026 or after the company receives in-principle approval from the stock exchanges (or other required regulatory authorities), whichever is later.
What the board will decide
Per the filing, the issue would involve partly paid-up equity shares of face value ₹10 each, for an amount not exceeding ₹1,000 crore. The board is yet to fix the items a rights issue turns on: the issue price and payment mechanism, the rights entitlement ratio, the record date, and the timing. This is a pre-decision intimation — the structure exists, but the terms that determine what an existing holder can subscribe to, and at what price, are still to be finalised.
Why it matters to a holder
A rights issue lets existing shareholders subscribe to new shares in proportion to their holding. Until the board sets the entitlement ratio, price and record date, a holder cannot judge the size of their entitlement or the terms of participation. The "partly paid-up" structure noted in the filing means subscription money would be called in instalments rather than all at once. The decisions that matter are those expected at the 5 October meeting.