Company Statement dated October 07, 2026

OLA ELECTRIC MOBILITYLIMITED CIN - L74999KA2017PLC099619 Date: October 07, 2026 To, To, National Stock Exchange of India Ltd., BSE Limited Address: Exchange Plaza, C-1, Block G, Address: Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Dalal Street Mumbai - 400001, Mumbai - 400051, Maharashtra, India. Maharashtra, India. NSE Scrip Symbol: OLAELEC BSE Scrip Code: 544225 Dear Sir/Madam, Sub: Company Statement dated October 07, 2026 With reference to the captioned subject, we are enclosing herewith the Company Statement of Ola Electric Mobility Limited as Annexure - A”. This intimation will also be made available on the website of the Company and can be accessed using the link: https://www.olaelectric.com/investor-relations/announcements. We request you to take the above on record. For and on behalf of Ola Electric Mobility Limited Deepa Bansal Company Secretary and Compliance Officer Membership No. A37579 Place: Bengaluru Encl: As above 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 OLA ELECTRIC MOBILITYLIMITED CIN - L74999KA2017PLC099619 Annexure – A Company Statement: “The Board of Ola Electric has approved a rights issue of up to ₹1,000 crore at ₹27 per share, payable in two calls. The issue price has been fixed by the board at about 26% below the current market price, giving all existing shareholders an opportunity to add to their holding at a substantial discount. 60% is payable on application, with the balance payable on a final call, on a date set by the Board. The promoter will invest alongside all other shareholders on the same terms”. For corporate communication: Anand Subramanian | anand.subramanian@olaelectric.com | +91-95380 22855 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