Board to meet on October 07, 2026 to decide rights issue terms after exchange in-principle approval

Ola Electric Mobility has received in-principle approval from the stock exchanges for its proposed rights issue.

Tue 6 Oct 2026

Issue Size

not exceeding Rs. 1,000 crores

Board Meeting Date

October 07, 2026

Face Value

₹10 each

What the company told the exchanges

Ola Electric Mobility has received in-principle approval from the stock exchanges where its securities are listed for its proposed rights issue. The approval was received on October 06, 2026. This follows the company's earlier intimations dated September 28, 2026 and October 05, 2026 about the meeting of the Board of Directors.

Board meeting on October 07, 2026

• The Board will meet to consider, discuss and decide various matters in connection with the rights issue.
• The agenda includes the specific terms: the rights issue price and related payment mechanism, the rights entitlement ratio, the record date and the timing of the rights issue.
• These are matters the Board will consider and decide, so the final terms are yet to be fixed.

What the issue looks like so far

• Instrument: partly paid-up equity shares of the Company.
• Face value: ₹10 each.
• Size: an amount not exceeding Rs. 1,000 crores (Rupees One Thousand Crores).

A partly paid-up share is one where the investor pays only part of the amount at the time of allotment, and the remaining amount is called up later as decided. So a partly paid-up share can carry a future payment obligation.

What a rights issue is

In a rights issue, existing shareholders are offered the chance to subscribe to new shares, generally in proportion to their existing holding. The entitlement ratio decides how many new shares a holder is entitled to for the shares already held. The price and the ratio together determine how much an eligible shareholder would need to pay to take up the offer in full.

What to watch from here

• The rights issue price and the entitlement ratio, once the Board decides them.
• The record date, which fixes who is eligible to receive the rights entitlement.
• The payment schedule for the partly paid-up shares, since the balance amount would be payable at a later date.

This intimation is an update on the approval received and the scheduled Board meeting. The terms of the issue are to be considered and decided at that meeting.

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