Constitution of Rights Issue Committee

Board constituted a Rights Issue Committee with 3 members to oversee a rights issue.

Mon 28 Sep 2026

Committee Size

3 members

Committee Chair

Bhavish Aggarwal (Chairman and Managing Director)

Independent Directors

Manoj Kumar Kohli and Navalur Dattatreya Singh Shashank

What is a Rights Issue?

A rights issue is when a company offers new shares to its existing shareholders at a predetermined price, usually below the current market rate. Shareholders can choose to buy these shares to maintain their ownership percentage, or decline.

The Committee

Ola Electric has constituted a Rights Issue Committee with authority to oversee and implement the rights issue process. The committee comprises:

• Bhavish Aggarwal (Chairman and Managing Director) - Chairperson
• Manoj Kumar Kohli (Independent Director) - Member
• Navalur Dattatreya Singh Shashank (Independent Director) - Member

Why This Matters

The formation of this committee signals that Ola Electric is preparing to raise capital by issuing shares to existing investors. This is a standard governance step that must precede a rights issue. The company will decide later on key details: how many shares, at what price, and when the offer period opens.

For existing shareholders, a rights issue creates an opportunity to invest more in the company at a potentially discounted rate. Those who don't participate will see their ownership percentage dilute. The exact impact depends on the terms the committee will propose.

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