Rights Issue Record Date October 13, 2026; 2 for 25 at ₹27 per Share

Record date for the rights issue is October 13, 2026 — shareholders on that date get the rights entitlement.

Wed 7 Oct 2026

Record Date

October 13, 2026

Entitlement Ratio

2 rights shares for every 25 shares held

Issue Size and Price

37,02,72,665 partly paid-up rights shares at ₹27 each, aggregating to ₹ 9,99,73,61,955

Terms of the rights issue

A rights issue lets existing shareholders buy newly issued shares, in proportion to what they already hold. The Board of Ola Electric Mobility Limited, at its meeting held on October 07, 2026, approved the terms of the issue of partly paid-up equity shares.

What is being offered

• Price: ₹ 27 per rights equity share.
• Size: 37,02,72,665 rights equity shares, aggregating to ₹ 9,99,73,61,955 (assuming full subscription and payment of call monies).
• Entitlement ratio: 2 rights equity shares for every 25 fully paid-up equity shares held on the record date.

Why "partly paid-up" matters

The price is not collected in one go. It is paid in two instalments.

• On application: ₹ 16.20 per share.
• First and final call: ₹ 10.80 per share, expected to be completed on or prior to October 31, 2027.
• The Board retains the right to change the schedule of payment, such as the timing of the first and final call, including before or after October 31, 2027, on account of business requirements and other commercial considerations.

Dates to note

• Record date: October 13, 2026 — the cut-off for identifying shareholders eligible to receive the rights entitlement.
• Issue opening date: Thursday, October 22, 2026.
• Last date for on-market renunciation of the rights entitlement: Monday, October 26, 2026.
• Issue closing date: Friday, October 30, 2026. The Board or the Rights Issue Committee has the right to extend the issue period.
• Other terms of the issue, including fractional entitlements, are to be included in the Letter of Offer.

Share capital before and after

• Before the rights issue: 4,62,84,08,313 equity shares.
• After the rights issue: 4,99,86,80,978 equity shares, assuming full subscription and payment of call monies.

What a shareholder can do

Holders on the record date receive a rights entitlement in the 2-for-25 ratio. They can subscribe and pay ₹ 16.20 per share now, let the entitlement lapse, or renounce it during the window that ends on the last date for on-market renunciation. Because the shares are partly paid, the balance of ₹ 10.80 per share falls due later, when the first and final call is made.

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