Ola Electric Mobility Limited has informed the Exchange about General Updates regarding details of authorised Key Managerial Personnel to determine materiality event or information and its disclosure to the exchange
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Ola Electric Mobility has informed NSE and BSE about the Key Managerial Personnel authorised to decide whether an event or piece of information is material and needs to be disclosed to the stock exchanges, as required under SEBI's Listing Regulations. Two people have been authorised for this role: Chairman and Managing Director Bhavish Aggarwal and Chief Financial Officer Harish Abichandani. The intimation has also been posted on the company's investor relations website. This is a routine governance and compliance filing.
No impact on the business or shareholders. This is a standard regulatory disclosure naming who is responsible for materiality decisions, and is unlikely to move the stock price in any direction.