Appointment

OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 September 05, 2026 To, To, National Stock Exchange of India Limited BSE Limited Address: Exchange Plaza, C-1, Block G, Bandra Kurla Address: Phiroze Jeejeebhoy Towers Complex, Bandra (E), Mumbai-400051, Maharashtra, Dalal Street Mumbai- 400001, India. Maharashtra, India. NSE Scrip Symbol: OLAELEC BSE Scrip Code: 544225 Subject: - Outcome of Board Meeting - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). Dear Sir/ Madam, the Company With reference to the captioned subject, we would like to inform you that the Board of Directors of Ola Electric Mobility Limited (" "), at its meeting held today i.e., September 05, 2026, have inter alia, considered and approved the following items: 1. Resignation of Mr. Hyun Shik Park, Chief Operations Officer designated as a Senior Management Personnel of the Company: The Board noted the resignation of Mr. Hyun Shik Park as Chief Operations Officer (Senior Management Personnel) of the Company with effect from closing business hours of September 5, 2026 due to personal reasons . A copy of resignation email is enclosed herewith. The disclosure pursuant to Regulation 30 of (Listing Obligations and Disclosure Requirements) Regulations, Annexure – A. 2015 read with SEBI Master Circular No: HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026, as amended from time to time (“SEBI Circulars”) is enclosed herewith as 2. Re-appointment of Mr. Manoj Kumar Kohli (DIN: 00162071) as an Independent Director of the company: Based on the recommendation of Nomination and Remuneration Committee of the company, the Board of Director considered and approved the reappointment of Mr. Manoj Kumar Kohli (DIN: 00162071) as a Non- Executive Independent Director of the company for a second term of 5 years commencing from December 06, 2026 up to December 05, 2031 (both days inclusive) who shall not liable to retire by rotation, subject to approval of members of the company at ensuing Annual General Meeting The disclosure pursuant to Regulation 30 of (Listing Obligations and Disclosure Requirements) Regulations, Annexure – B 2015 read with SEBI Master Circular No: HO/49/14/14(7)2025- CFDPOD2/I/3762/2026, as amended from time to time (“SEBI Circulars”) dated January 30, 2026, is enclosed herewith as . OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 3. Re-appointment of Ms. Shradha Sharma (DIN: 03557496) as an Non-Executive Independent Director of the company: Based on the recommendation of Nomination and Remuneration Committee of the company, the Board of Director considered and approved the reappointment of Ms. Shradha Sharma as a Non-Executive Independent Director of the company for a second term of 5 years commencing from December 06, 2026 up to December 05, 2031 (both days inclusive) who shall not liable to retire by rotation, subject to approval of members of the company at ensuing Annual General Meeting The disclosure pursuant to Regulation 30 of (Listing Obligations and Disclosure Requirements) Regulations, Annexure – B. 2015 read with SEBI Master Circular No: HO/49/14/14(7)2025- CFDPOD2/I/3762/2026, as amended from time to time (“SEBI Circulars”) dated January 30, 2026, is enclosed herewith as 4. Increase in Authorised Share Capital of the company and consequent alteration to Clause V of Memorandum of Association (MOA) of the Company: The Board of Directors approved the Increase of Authorised Share Capital of the Company from INR 8318,49,98,850 (Rupees Eight Thousand Three Hundred Eighteen Crores, Forty-Nine Lakhs, Ninety-Eight Thousand, Eight Hundred Fifty Only) to INR 8721,87,34,420/- (Indian Rupees Eight Thousand Seven Hundred Twenty-One Crore, Eighty Seven Lakhs, Thirty Four Thousand, Four Hundred Twenty Only) and consequent alteration of Clause V of MOA of the Company. The details regarding alteration of the capital clause of the Memorandum of Association required to be Annexure C disclosed as per Regulation 30 and Part of Schedule III of the Listing Regulations is enclosed herewith as 5. Raising of Funds through Issuance of Securities of the Company: The Board of Directors considered and approved an enabling resolution for raising of funds for an aggregate amount not exceeding INR 1,500 Cr (Indian Rupees Thousand Five Hundred Crores) by way of issuance of equity shares of the Company and/or securities convertible into or exchangeable for equity shares, including but not limited to fully convertible debentures, partly convertible debentures, warrants and/or any other securities convertible into or exchangeable for equity shares, including through issue of depository receipts, whether in registered or bearer form, including American Depository Receipts (“ADRs”), Global Depository Receipts (“GDRs”) and/or any other securities, (collectively, the “Securities”), by way of one or more permissible modes, including a further public offer, rights issue, qualified institutions placement (“QIP”), private placement and/or any other permissible mode or combination thereof as may be permitted under applicable laws, which shall be subject to approval of the shareholders and other regulatory and/or statutory approvals, as applicable. OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 6. Intimation of convening the 9th Annual General Meeting (“AGM”) and Notice of AGM of the company: The Board of Directors has considered and approved the Notice of 9 AGM of the company to be held on Wednesday, September 30, 2026 at 4:30 PM (IST) through Video-Co nferencing ("VC")/Other Audio-Visual Means ("OAVM") in accordance with relevant circulars issued by the Ministry of Corporate Affairs, Government of India and the Securities and Exchange Board of India. The copy of the Notice of AGM would be submitted to the Stock Exchanges in due course as per Regulation 34 of the Listing Regulations. The Board Meeting commenced at 5:45 p.m. (IST) and concluded at 6:30 p.m. (IST). The above intimation will also be hosted on the website of the Company i.e., www.olaelectric.com. We request you to take the above on your record. Ola Electric Mobility Limited Thanking You, Deepak Rastogi Chief Financial Officer Place: Encl: Bengaluru As above OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 Annexure-A The Disclosure pursuant to Regulation 30 of Listing Regulations read with SEBI Master circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026: Sr no Particulars Disclosure reason for change viz. appointment, re- Resignation as Senior Managerial Personnel due appointment, resignation, removal, to Personal Reason. death or otherwise; 2 date of appointment/re- with effect from closing business hours of appointment/cessation (as September 5, 2026 applicable) & term of appointment/re-appointment; 3 brief profile (in case of appointment); Not Applicable 4 disclosure of relationships between directors (in case of appointment of a director). OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 Annexure-B The Disclosure pursuant to Regulation 30 of Listing Regulations read with SEBI Master circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026: Sr no Particulars Disclosures Mr. Manoj Kumar Kohli Ms. Shradha Sharma reason for change viz. Re-appointment of Mr. Manoj Re-appointment of Ms. appointment, re-appointment, Kumar Kohli (DIN: 00162071) Shradha Sharma (DIN: resignation, removal, death or as an Independent Director for 03557496 ), as an otherwise; 2 Term Independent Director for 2 Term 2 date of appointment/re- For a term of Five (5) years For a term of Five (5) appointment/cessation (as with effect from years with effect from applicable) & term of December 06, 2026 up to December 06, 2026 up to appointment/re-appointment; December 05, 2031 December 05, 2031 3 brief profile (in case of Manoj Kumar Kohli holds a Shradha Sha [Showing first 8,000 characters — download PDF for full document]