Ola Electric appoints new CFO as Harish Abichandani steps down

Cfo ResignedManagement Changes View source PDF Explain this filing

OLAELEC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-7.9%Reaction day

₹35.69

prior close

₹35.73

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-2.7%-5.2% vs market

2/3 Wheelers peers, median of 7sector-2.5%-5.4% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Smallcap 250 and 5.4 pts less than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.9

15m

-3.4

30m

-4.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.9-2.7-5.2-2.5-5.4

Next day

-7.3-3.4-3.9-2.6-4.7

-7.2-2.5-4.7-4.0-3.2

-10.3-4.4-5.9-4.0-6.4

-10.3-4.2-6.1-3.0-7.3

-9.9-2.4-7.5-1.9-8.0

-8.9-1.6-7.3-2.5-6.4

15d

-11.6+2.2-13.8+4.5-16.1

-25.9-0.4-25.5+3.7-29.6

-29.6-7.7-22.0-5.3-24.3

+10.1+2.2+7.9+2.0+8.2

UpDownMarket · Nifty Smallcap 250Sector · 2/3 Wheelers peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ola Electric's board on January 19, 2026 accepted the resignation of CFO Harish Abichandani for personal reasons, effective the same day. Simultaneously, it appointed Deepak Rastogi, a Chartered Accountant with 30-plus years across Tata AutoComp, DuPont, Castrol, and Deepak Fertilisers, as the new CFO from January 20, 2026.

Likely market impact

Seamless CFO transition on personal grounds; new CFO brings deep finance and IPO experience to Ola Electric.