The Exchange has sought clarification from Olectra Greentech Limited with respect to recent news item captioned Olectra Greentech tanks 14% as Maharashtra govt cancels Rs 10,000-crore e-bus order. The response from the Company is attached.

Major contract cancelledOrder above 5% of revenueBusiness Updates View source PDF Explain this filing

OLECTRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-6.8%Reaction day

₹1348.10

prior close

₹1263.90

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-7.0% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-0.8%-6.1% vs sector

On the reaction day the stock moved 7.0 pts less than Nifty Smallcap 250 and 6.1 pts less than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

-0.1

15m

+0.4

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.8+0.1-7.0-0.8-6.1

Next day

-8.4+0.5-9.0-0.5-7.9

-11.5+1.0-12.5-0.3-11.2

-8.9+1.3-10.2-1.1-7.8

-7.9+2.0-9.9-1.4-6.4

-8.2+2.1-10.3-1.7-6.5

-9.4+3.3-12.7-1.7-7.7

15d

-13.1+3.4-16.4+2.1-15.2

-13.1+6.2-19.3+3.3-16.5

+6.4+3.3+3.2+1.8+4.6

+11.6-0.4+12.0+13.2-1.6

UpDownMarket · Nifty Smallcap 250Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE sought clarification from Olectra Greentech after its stock dropped 14% on news that the Maharashtra government cancelled a Rs 10,000 crore e-bus order. The company has submitted its response to the exchange, though the detailed response content is not included here. The cancelled order is a major contract for the company, and its stock has already reacted sharply to the news, indicating significant market concern about the financial impact.

Likely market impact

This is a major negative event for Olectra Greentech shareholders. The loss of a Rs 10,000 crore e-bus order likely wipes out a substantial portion of the company's order pipeline and could materially affect future revenue and earnings, which is why the stock fell 14% intraday.