Board meeting deferred; Rs 1,000 crore rights issue plans await approval
OLAELEC · price
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Ola Electric has deferred its Board meeting originally scheduled for October 5, 2026, as it is still awaiting in-principle approval from stock exchanges. The meeting was to consider a Rights Issue of partly paid-up equity shares for an amount not exceeding Rs 1,000 crores, including the issue price, entitlement ratio, record date and timing. A revised meeting date will be announced later.
Delay pushes back the timeline for the proposed Rs 1,000 crore rights issue, creating short-term uncertainty for shareholders awaiting fresh fundraising details.