Updates

OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 Date: October 22, 2026 National Stock Exchange of India Limited BSE Limited Exchange plaza, C-1, Block-G Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai – 400 001 Maharashtra, India Maharashtra, India Scrip Code: OLAELEC Scrip Code: 544225 Dear Sir/Madam, Sub: Intimation as per Regulation 77B(2) of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), 2018, as amended (“SEBI ICDR Regulations”) regarding confirmation of application submitted by Specific Investors in respect of Rights Issue of partly paid-up equity shares of Ola Electric Mobility Limited (the “Company”) (“Rights Issue”). With reference to the captioned subject and in continuation to the newspaper advertisement dated October 15, 2026 published on October 16, 2026, wherein the details of Specific Investors were disclosed in accordance with Regulation 84(1)(f)(i) of the SEBI ICDR Regulations, we hereby submit the confirmation regarding applications received from the Specific Investors in compliance with Regulation 77B(2) of the SEBI ICDR Regulations. Based on the confirmations received from the respective Specific Investors and/or their custodians, we wish to confirm that the following Specific Investors have submitted their applications in the Rights Issue of the Company on the Issue Opening Date, i.e., Thursday, October 22, 2026, before 11:00 A.M. The details of applications by such Specific Investors are as below: Sr. Name of member of Name of Specific Number of Rights Number of Rights No. the Promoter Group Investor (Renouncee) Entitlements Entitlements applied by (Renouncer) renounced the Specific Investors 1. ANI Technologies Motilal Oswal Financial 12,833,054 12,833,054 Private Limited Services Limited 2. Indus Trust (through its Calliope Capital Advisors 11,022,422 11,022,422 trustee Ankush LLP Agarwal) Total 23,855,476 23,855,476 This intimation will also be made available on the website of the Company and can be accessed using the below link: https://www.olaelectric.com/investor-relations/announcements. You are requested to kindly take the above information on record. Thanking you. For Ola Electric Mobility Limited Name: Deepa Bansal Designation: Company Secretary and Compliance Officer M.No.: A37579 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