Ola Electric Mobility Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 22, 2025
OLAELEC · price
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Ola Electric held its 8th Annual General Meeting on August 22, 2025, via video conferencing, and all five resolutions were passed with overwhelming majority. The key special resolution — variation in the objects and terms of utilisation of IPO proceeds, along with extension of the time limit for their use — received 99.09% approval (requiring more than 90% to pass). Adoption of FY25 audited standalone and consolidated financial statements was approved by 98.98% of votes, re-appointment of Mr. K.V. Tenneti (retiring by rotation) by 98.75%, appointment of BMP & Co. LLP as Secretarial Auditors by 99.69%, and his re-appointment as Non-Executive Director by 98.75%. Voting was conducted electronically through NSDL with the cut-off date of August 16, 2025. The scrutinizer's report was signed by Pramod SM of BMP & Co. LLP and countersigned by CFO Harish Abichandani.
All resolutions passing cleanly removes any near-term governance overhang for shareholders. The most material item is the variation in IPO proceeds usage and the extended timeline — investors should check the accompanying explanatory statement to understand how the deployment plan has shifted and whether the change aligns with the company's stated strategy.