Rights issue gets exchange in-principle approval; board to meet October 07 to fix price, ratio, record date

Ola Electric has received in-principle approval from the stock exchanges for its proposed Rights Issue.

Tue 6 Oct 2026

Rights Issue Size

not exceeding Rs. 1,000 crores

In-principle Approval Date

October 06, 2026

Board Meeting Date

October 07, 2026

Exchanges clear the first step

Ola Electric Mobility has received in-principle approval from the stock exchanges where its securities are listed for the proposed Rights Issue. The company informed the exchanges on October 06, 2026, and has said a board meeting will be held the next day, October 07, 2026, to take up the matter.

What a Rights Issue is

• A Rights Issue is a way for a company to raise money by offering new shares to its existing shareholders.
• Shareholders are offered these shares in proportion to the shares they already hold, which is why the entitlement ratio matters.
• Shareholders who choose not to subscribe can see their share of the company fall, because new shares get issued.

What the board will decide

The board will consider, discuss and decide various matters in connection with the Rights Issue of partly paid-up equity shares of face value ₹10 each, for an amount not exceeding Rs. 1,000 crores. The specific items listed include:

• the Rights Issue price and the related payment mechanism,
• the rights entitlement ratio,
• the record date and the timing of the Rights Issue,
• other related matters.

About the shares on offer

The shares are partly paid-up equity shares of face value ₹10 each. In a partly paid-up issue, the investor pays only part of the amount when subscribing and the balance is called up later, as per the payment mechanism the board decides.

What shareholders would look for in the coming terms

• The entitlement ratio, which shows how many new shares a shareholder can apply for against the shares already held.
• The record date, which fixes who is eligible for the rights entitlement.
• The issue price and the partly paid-up structure, which together decide how much an eligible shareholder would need to pay, and when.

The size of the exercise is capped at Rs. 1,000 crores, with the shares carrying a face value of ₹10 each. The price, ratio, record date and timing are the items the board has said it will take up at its meeting on October 07, 2026.

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