Ola Electric Mobility Limited has submitted the Exchange a copy Scrutinizers report of 08th Annual General Meeting held on August 22, 2025
OLAELEC · price
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Awaiting price reaction for this filing.
Ola Electric held its 8th AGM on August 22, 2025 via video conferencing, and BMP & Co. LLP served as the scrutinizer for the e-voting process. All 5 resolutions were approved by shareholders, including the adoption of audited standalone and consolidated financial statements for FY25 (98.98% in favor). Two ordinary resolutions passed were the re-appointment of Mr. Krishnamurthy Venugopala Tenneti as a director retiring by rotation (98.75%) and the appointment of BMP & Co. LLP as secretarial auditors (99.69%). Two special resolutions also cleared: the variation in objects/terms of utilization of IPO proceeds and extension of time limit for utilizing IPO proceeds (99.09% in favor, well above the 90% threshold required), and the re-appointment of Mr. Tenneti as a Non-Executive Director (98.75%).
Routine procedural filing confirming AGM outcomes — no direct price catalyst expected. However, the approved variation in IPO proceeds utilization gives management more flexibility on how and when it deploys funds raised at listing, which investors should monitor as the company files revised deployment plans.