Ola Electric Mobility Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
OLAELEC · price
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Ola Electric Mobility Limited received shareholder approval via postal ballot to modify how its IPO proceeds are used and extend the time limit for utilizing those funds. The special resolution was passed on April 22, 2026, with overwhelming support — 99.97% of votes in favour (2.5 billion votes) out of 2.5 billion valid votes cast, representing 56.76% of total shares outstanding. Only 735,291 votes (0.03%) were against the resolution. The scrutinizer BMP & Co. LLP confirmed the e-voting process was conducted fairly and transparently. This approval gives the company flexibility in deploying its IPO capital and extends the deployment timeline.
Shareholders have approved flexibility in how Ola Electric deploys its IPO proceeds and an extended timeline for utilization, giving the company more operational leeway in capital allocation.