Olectra Greentech Limited has informed the Exchange regarding Outcome of Board Meeting held on September 24, 2025.
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Olectra Greentech's board, at its September 24, 2025 meeting, approved the appointment of Mr. Mahesh Babu Subramanian as Additional Director and Managing Director for a 3-year term starting September 27, 2025, subject to shareholder approval. Mr. Mahesh Babu brings over 30 years of EV sector experience, having previously served as CEO of SWITCH Mobility and MD & CEO of Mahindra Electric, and is a BITS Pilani and Fulbright alumnus. The board also re-appointed Mrs. Chintalapudi Laksmi Kumari as Independent Director for another 5-year term beginning January 9, 2026. The list of Key Managerial Personnel was updated, and four board committees (Audit, Stakeholders Relationship, CSR, and Risk Management) were reconstituted effective September 28, 2025.
A high-profile external hire with deep EV industry credentials as Managing Director is a positive signal for Olectra's strategic direction in the electric mobility space. The leadership transition and committee reconstitution may bring fresh execution focus, though it will need shareholder approval at the upcoming AGM on September 27, 2025.