Ola Electric Mobility Limited has submitted with the exchange a copy of voting results of 08th Annual General Meeting held on August 22, 2025.
OLAELEC · price
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Ola Electric held its 8th AGM on August 22, 2025, with remote e-vuling open from August 19-21, 2025. All 5 resolutions were approved by shareholders, including adoption of FY25 audited financial statements, re-appointment of Mr. Krishnamurthy Venugopala Tenneti (both as retiring director and as Non-Executive Director via special resolution), and appointment of BMP & Co. LLP as Secretarial Auditors. Total votes polled were about 69.5% of outstanding shares, with promoters voting 100% in favour across all resolutions. Public institutional investors had a high turnout of 92.43%, while public non-institutional participation was low at around 6.48%. All resolutions passed with over 98% in favour except the director re-appointment special resolution which got 98.75% support.
This is a routine regulatory disclosure confirming shareholder approval of standard AGM agenda items. No major corporate action or policy change is involved, so the stock price impact is likely minimal. The low non-institutional voting participation (6.48%) is a notable data point on retail shareholder engagement.