Intimation on closure of the Issue Period of the Rights Issue

OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 Date: October 30, 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 Sub: Intimation of closure of the Issue period of the Rights Issue of Ola Electric Mobility Limited (the “Company”). Dear Sir/ Madam, This is to inform that the meeting of Board of Directors of the Company held on October 7, 2026, approved the terms of issuance of the partly paid-up equity shares of the Company (the “Rights Equity Shares”) for an amount not exceeding ₹ 1,000 crores, by way of a rights issue (“Rights Issue”), in accordance with the Companies Act, 2013, as amended and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws. In view thereof, please note that the Rights Issue opened on October 22, 2026 and will close today i.e. on October 30, 2026. We request you to kindly take this on record. Thanking you. For Ola Electric Mobility Limited Deepa Bansal Company Secretary and Compliance Officer Membership 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