Rights issue terms board meeting deferred; company awaiting exchange in-principle approval

The board meeting that was to decide the terms of the rights issue has been deferred.

Mon 5 Oct 2026

Face Value

partly paid-up equity shares of face value ₹10 each

Rights Issue Size

for an amount not exceeding Rs. 1,000 crores

Status

board meeting deferred; awaiting in-principle approval from the stock exchanges

What happened

The board meeting of Ola Electric Mobility Ltd that was scheduled to be held on Monday, October 05, 2026, or after the date of receipt of in-principle approval from the stock exchanges, whichever is later, has been deferred. The company said it is awaiting receipt of the in-principle approval from the stock exchanges. The revised date of the meeting will be intimated in due course.

What the meeting was to take up

The meeting was to consider, discuss and decide various matters in connection with the rights issue, including:

• 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

What the rights issue involves

The rights issue is of partly paid-up equity shares of the company of face value ₹10 each, for an amount not exceeding Rs. 1,000 crores.

Partly paid-up shares, in simple terms

In a partly paid-up share, an investor pays only a part of the issue price when applying, and the balance is called up in one or more instalments later. The price, the entitlement ratio and the payment schedule are among the terms the board was to decide.

Why the deferral

The company stated that it is awaiting receipt of in-principle approval from the stock exchanges. A rights issue is launched only after such approvals are in place, so the terms were to be decided only once that approval was received.

What investors may watch for

The revised date of the board meeting, and once the terms are decided, the rights issue price, the rights entitlement ratio and the record date.

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