Ola Electric: COO resigns, authorised capital to rise, INR 1,500 Cr fund raise proposed
Ola Electric Mobility · Automobiles
Key highlights
- Resignation of Mr. Hyun Shik Park as Chief Operations Officer, effective closing business hours of September 5, 2026.
- Re-appointment of Mr. Manoj Kumar Kohli and Ms. Shradha Sharma as Non-Executive Independent Directors for five years, December 6, 2026 to December 5, 2031, subject to AGM approval.
- Proposed raise of not exceeding INR 1,500 Cr via equity or convertible securities, subject to shareholder and regulatory approvals.
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)-Change in Management
Read the filing on BSE (PDF) →Companies guiding to strong growth
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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
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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.