OLA Electric: Bhavish Aggarwal pledges 4.32% shares to secure NCDs

Promoter holding below 50%Ownership Changes View source PDF Explain this filing

OLAELEC · price

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▲ 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

-1.8%Reaction day

₹36.66

prior close

₹36.23

announcement price

In-mkt

timing

Nifty Smallcap 250market+1.4%-3.2% vs market

2/3 Wheelers peers, median of 8sector+0.2%-2.0% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Smallcap 250 and 2.0 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

-0.1

10m

+0.0

15m

+0.1

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8+1.4-3.2+0.2-2.0

Next day

-1.1+1.5-2.6-1.2+0.1

-4.4-0.9-3.5-3.7-0.7

-4.2-0.5-3.7-1.2-3.0

-2.1+0.7-2.8-1.1-1.1

-4.4+1.0-5.4+0.7-5.1

-4.1-0.2-4.0+2.9-7.0

15d

-1.5-3.8+2.3+4.3-5.7

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UpDownMarket · Nifty Smallcap 250Sector · 2/3 Wheelers peers, median of 8Pending

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

AI summary

Bhavish Aggarwal, promoter of Ola Electric with 26.52% stake, has pledged 20 crore equity shares (4.32% of total capital) to CTL Trusteeship Ltd, acting on behalf of Avendus Finance and Incred Special Opportunities Fund. The pledge secures non-convertible debentures issued by Krutrim Data Centre Pvt Ltd, a group company. Pledge was created on September 30, 2026 and disclosed on October 5, 2026.

Likely market impact

Pledge adds risk of margin call or forced sale if NCD obligations default. Promoter retains about 22.2% unencumbered stake.