Ola Electric board to weigh fund-raising at 5 September meeting

Ola Electric Mobility Limited has told the exchanges that its Board of Directors will meet on Saturday, 5 September 2026 to consider and approve a proposal to raise funds by issuing equity shares or other eligible securities. The filing lists permissible routes the company may use — a private placement, a qualified institutions placement, a preferential issue, or a combination of methods — and notes any issuance would be subject to the required regulatory and statutory approvals and to shareholder approval.

This is an intimation of a board meeting under Regulation 29(1)(d), not a completed decision. The filing states no target amount, price, instrument, or intended use of proceeds — those would follow the meeting itself, if approved. The same meeting will also take up matters relating to the company's Annual Report for the year ended 31 March 2026 and its upcoming Annual General Meeting.

A fresh issuance of equity or equity-linked securities can change the share count and existing shareholders' proportional ownership, depending on the size and route eventually chosen. At this stage the filing signals intent to consider such a step; the specifics remain undecided, pending the board's approval and, subsequently, shareholder approval.