### General Updates: Ola Electric Mobility Limited

Date: October 30, 2025

Ola Electric Mobility Limited, operating under CIN L74999KA2017PLC099619, has made significant strides in its financial strategy. The company has announced the allotment of 250 million Non-Cumulative and Non-Participating 0.001% Series A Optionally Convertible Redeemable Preference Shares (OCRPS). This move follows shareholder approval at the Annual General Meeting on August 22, 2025.

The Board of Ola Electric Technologies Private Limited (OET), a wholly-owned subsidiary of Ola Electric Mobility, convened on October 29, 2025, and approved this second tranche issuance amounting to INR 250 crores. The shares will be allotted to Ola Cell Technologies Private Limited (OCT), another wholly-owned subsidiary, on a preferential basis through private placement.

This strategic financial maneuver aligns with the company's revised objectives for the utilization of IPO proceeds. The OCRPS will have a nominal value of INR 10 each, with full subscription confirmed by the Board, while further details on future tranches will be communicated as funds are infused.

For investors looking to stay updated, the complete details of the allotment can be accessed on Ola Electric's investor relations page [here](https://www.olaelectric.com/investor-relations/announcements).

With this latest development, Ola Electric continues to strengthen its financial position and commitment to innovation in the electric mobility sector. Stay tuned for more updates as the company progresses with its initiatives.

---

Keywords: Ola Electric Mobility, OCRPS, investment news, electric mobility, financial updates, SEBI regulations, IPO proceeds, Ola Electric Technologies, private placement.