Shareholders meeting

OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) Date: September 08, 2026 To, To, National Stock Exchange of India Ltd., BSE Limited Address: Exchange Plaza, C-1, Block G, Bandra Address: Phiroze Jeejeebhoy Towers Kurla Complex, Bandra (E), Mumbai-400051, Dalal Street Mumbai- 400001, Maharashtra, India. Maharashtra, India. NSE Scrip Symbol: OLAELEC BSE Scrip Code: 544225 Subject: Notice of 09th Annual General Meeting and Annual Report for the FY 2025-26 Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that 09 Annual General Meeting (‘AGM’) of Ola Electric Mobility Limited (“Company”) is scheduled to be held on Wednesday, September 30, 2026 at 04:30 P.M (IST) through Video Conference/ Other Audio-Visual Means (VC/ OAVM) in accordance with the applicable circulars issued by Ministry of Corporate Affairs (‘MCA’) and the Securities and Exchange Board of India (‘SEBI’). Please find enclosed herewith a copy of Notice of 09 AGM along with Annual Report for the FY 2025-26 which is being sent through electronic mode to those shareholders whose email ids are registered with the Company/ Depositories/ Registrar and Transfer Agent (RTA). Further, a letter providing the web-link to access the said AGM Notice and Annual Report, are being sent to those Members who have not registered their email addresses. The AGM Notice and the Annual Report can also be accessed on the website of the Company at https://www.olaelectric.com/investor-relations/financials We request you to take the same on record. Thanking You, Yours faithfully, For and on behalf of Ola Electric Mobility Limited Deepak Rastogi Chief Financial Officer Place: Bengaluru Registered Address: Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Industrial Layout, Koramangala, Bengaluru – 560095, Karnataka, India | Landline: 080-35440050 | companysecretary@olaelectric.com | www.olaelectric.com ELECTRIC AN NUAL R EPORT 2 0 2 5 - 2 6 RESET. REINFORCE. SCALE. A year of strengthening the core. A platform built to convert engineering depth into durable economics - and mobility into a broader energy opportunity. Built to endure. Ready to scale. ANNUAL REPORT 2025-26 01 Particulars CORPORATE OVERVIEW Financial Statement 147 Consolidated Financial Statutory Reports Statements 23 Board’s Report 237 Standalone Financial Statements 58 Management Discussion and Analysis 313 Notice 69 Corporate Governance Report 98 Business Responsibility & Sustainability Report Our Manifesto If you are going to dream,
 make it an impossible one.
 And then, make it happen. If you are traveling new paths,
 be up for doing it alone. If you’re proud of where you are from,
 make where you’re from proud of you. If you’re going to compete,
 start where everybody else finishes. If you’re looking for a reaction,
 don’t settle for anything less than “woah!” If you’re going to start something,
 start something new.
 The world doesn’t need another thing
 just like the other thing. And if you are looking for the future, stop looking. Make it. ANNUAL REPORT 2025-26 03 One Year. Four Stages. One Stronger Platform. FY25 established the technology, products and manufacturing infrastructure required to participate in India's electric transition. FY26 focused on strengthening the operating model behind that platform - improving service, product economics, cost discipline, cash generation and Cell-manufacturing readiness. Q1 FY26 - PIVOT Q2 FY26 - PROOF The Company shifted from growth at any cost to Consolidated gross margin increased to 30.9%. The balanced and profitable growth. Gen 3 scaled, Automotive business demonstrated improving operating consolidated gross margin reached 25.8%, and actions economics, while HyperService and the 2.5 GWh Cell began to reduce operating expenditure and cash burn. platform moved into execution. Q1 FY26 - PIVOT Q3 FY26 - RESET Q4 FY26 - TRACTION Service recovery became the foremost operating priority. Consolidated gross margin reached 38.5%, the quarter Retail and cost structures were redesigned, the 4680 generated positive consolidated cash flow from operations, Bharat Cell entered commercial deployment, and Ola service metrics improved materially, and installation Shakti broadened the addressable market beyond Mobility. required for the 6 GWh Cell platform was largely completed. FutureFactory Built for Scale. Engineered for Advantage Futurefactory is where Ola Electric’s technology, manufacturing and product platforms come together - turning engineering into products at scale Located at the heart of Ola Electric’s manufacturing ecosystem, the Futurefactory was built with a clear objective: create a manufacturing platform capable of moving with the speed of technology and the scale of India. From groundbreaking to first production in just eight months, the facility represents a manufacturing model designed around speed, integration and scalability. Today, it has an installed production capacity of 1 million electric two- wheelers annually, with a modular architecture designed to support significantly higher scale. But the Futurefactory is more than capacity. Its value lies in how product engineering, technology ownership and manufacturing come together within one integrated system. This allows new product architectures and engineering improvements to move rapidly from design to industrialisation - while common platforms and vertically integrated technologies help create a structurally efficient cost base. Manufacturing at the speed of innovation. As our portfolio expands across scooters, motorcycles and future mobility formats, the Futurefactory gives us the flexibility to adapt manufacturing around changing products, segments and customer needs. Instead of creating an entirely new manufacturing system for every product, common architectures and modular platforms allow us to reuse engineering, manufacturing processes and infrastructure across multiple products. That makes the factory not only a production asset, but a platform for the next generation of Ola products. 1 Million 8 Months India's Largest Annual e2W From groundbreaking to e2W manufacturing production capacity first production facility ANNUAL REPORT 2025-26 05 The Advantage behind the scale A Manufacturing Platform That Compounds A manufacturing platform designed for speed, flexibility and structural cost advantage. The FutureFactory is designed as a flexible manufacturing platform - connecting in-house technology, common product architectures and vertically integrated manufacturing to support multiple products without rebuilding the manufacturing base each time Integrated by Design In-house ownership of core technologies enables product engineering and manufacturing to evolve together - improving control over quality, cost and execution. Flexible by Architecture Modular platforms allow the same manufacturing ecosystem to serve different products, segments and price points - helping accelerate time to market. Efficient at Scale Platform commonality, vertical integration and localised sourcing create structural cost advantages while supporting capital-efficient growth. Deep vertical integration combined with localised sourcing helps reduce dependencies across critical components and improves control over the manufacturing value chain GigaFactory Researching, Engineering and Manufacturing in India From cell technology to energy infrastructure, the Ola Gigafactory is building a platform designed to power mobility today and a broader energy ecosystem tomorrow The Ola Gigafactory represents a strategic step in deepening our vertical integration - taking battery technology from research and product development into commercial-scale manufacturing. Built in less than 18 months from first pillar to first cell, the facility has reached 6 GWh of installed capaci [Showing first 8,000 characters — download PDF for full document]