Ola Electric COO resigns; board approves ₹1,500 crore fundraise subject to approval
Ola Electric Mobility · Automobiles
Key highlights
- Hyun Shik Park resigned as Chief Operations Officer, a senior management personnel, effective closing business hours of September 5, 2026.
- Board approved re-appointment of Independent Directors Manoj Kumar Kohli and Shradha Sharma for a second five-year term, December 6, 2026 to December 5, 2031, subject to AGM approval.
- Board approved raising authorised share capital to INR 8721,87,34,420 from INR 8318,49,98,850 and an enabling fundraise of up to INR 1,500 Cr, subject to shareholder approval.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Cessation
Read the filing on BSE (PDF) →Companies guiding to strong growth
Ranked by management's own guidance on revenue and margins — not by us.
Aerospace & Defense
Sign up free to see all 6 →
See full rankingsRank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
More from Ola Electric Mobility
- Fundraise / allotmentNotableOla Electric approves allotment of 37,02,72,665 partly paid shares in rights issue
- Fundraise / allotmentNotableOla Electric Rights Issue of up to ₹1,000 crore closes on October 30, 2026
- OtherNotableOla Electric Mobility files Letter of Offer for ₹999.74 crore rights issue
- Fundraise / allotmentNotableOla Electric board sets terms of partly paid-up rights issue up to ₹1,000 crores
- Fundraise / allotmentNotableOla Electric board approves rights issue of up to ₹1,000 crore at ₹27 per share
Other fundraise / allotment filings this fortnight
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
- Chaman Metallics Limited announces H1 FY27 financial results and proposed Rights Issue
- Harmony Capital Services receives BSE approval for preferential issue of shares
- Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
Potential multibaggers · Q2 FY27
Potential multibaggers in Automobiles
on management's own guidance
- M & MGood growth2
- Strong growth1
- Bajaj AutoGood growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.