Ola Electric Mobility Limited has filed with the Exchange the financial results for the quarter ended June 30, 2026

OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) August 7, 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 held on August 7, 2026 and Submission of Unaudited Standalone and Consolidated Financial Results for the First Quarter and Three Months ended June 30, 2026. Dear Sir/ Madam, Pursuant to Regulations 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of Ola Electric Mobility Limited ("the Company"), at its meeting held today, i.e., August 7, 2026, has, inter alia, considered and approved the following: 1. The Unaudited Standalone and Consolidated Financial Results of the Company for the First Quarter and Three Months ended June 30, 2026, together with the Limited Review Reports issued by M/s. B S R & Co. LLP, Chartered Accountants, Statutory Auditors of the Company. Copies of the same are enclosed herewith. 2. The appointment of TRC Corporate Consulting Private Limited as the Internal Auditor of the Company for the Financial Year 2026-27, based on the recommendation of the Audit Committee. The details pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular No.HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 30 January, 2026, as amended from time to time (“SEBI Circulars”) is enclosed herewith as Annexure-A. The Meeting of the Board of Directors of the Company commenced at 03:15 PM (IST) and concluded at 04:00 PM (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. Thanking you, For Ola Electric Mobility Limited Abhishek Jain Company Secretary and Compliance Officer Membership No.: A62027 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 MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) Annexure-A Sr. Particulars Details 1 Reason for change viz. appointment, re- Appointment of TRC Corporate Consulting Private Limited appointment, resignation, removal, death or as Internal Auditor of the Company. otherwise 2 Date of appointment Date of appointment: August 7, 2026 /reappointment/cessation (as applicable) & Term of appointment: Appointment as Internal Auditor of term of appointment/ re-appointment the Company for the Financial Year 2026-27. 3 Brief profile (in case of appointment) TRC Corporate Consulting Private Limited is a consulting and business advisory firm providing services across Governance, Risk & Compliance, transaction advisory, asset management, people advisory, cyber security, valuation, legal, taxation and other areas. Its Governance, Risk & Compliance practice provides services including internal audit, enterprise risk management, process audits, continuous controls review, fraud risk assessment and prevention, and regulatory compliance. The firm has a team of 300+ professionals and has delivered more than 2,500 projects to 400+ clients across various sectors and geographies. 4 Disclosure of relationships between Not applicable directors (in case of appointment of a director) 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 BS R & Co. LLP Embassy Golf Links Business Park Pebble Beach, B Block, 3rd Floor No. 13/2, off Intermediate Ring Road Chartered Accountants Bengaluru -560 071, India Telephone: +91 80 4682 3000 Fax: +91 80 4682 3999 • Limited Review Report on unaudited consolidated financial results of Ola Electric Mobility Limited for the quarter ended 30 June 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Ola Electric Mobility Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Ola Electric Mobility Limited (hereinafter referred to as "the Parent''), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 30 June 2026 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review 9t Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities mentioned in Annexure I of the Statement. 5_ Attention is drawn to the fact that the figures for the three months ended 31 March 2026 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit. 6. Between the years ended 31 March 2024 and 31 March 2026, Ola Cell Technologies Private Limited ("OCTPL"), a subsidiary of the Holding Company, had recognised a provision aggregating Rs. 57 crore as at 31 March 2026 towards liquidated damages relating to non-compliance with an investment milestone condition stipulated by the Ministry of Heavy Industries ("MHI") under the applicable incentive scheme. During the quarter ended 30 June 2026, OCTPL has reversed the entire provision and recognised a corresponding credit within other expenses in the Statement of unaudited consolidated financial results and have not created any provision for the quarter ended 30 June 2026 on the basis that it had submitted a request to MHI seeking an extension of time for compliance with the investme [Showing first 8,000 characters — download PDF for full document]