Ola Electric Mobility Limited — Others, 07-02-2025: Monitoring Agency Report

Ola Electric Mobility Limited has submitted the Monitoring Agency Report for the quarter ended December 31, 2024, confirming that the utilization of Initial Public Offer proceeds aligns with the objectives outlined in the offer document. The report, reviewed by the Audit Committee, indicates no deviations in fund usage. As of the quarter, a total of ₹1,610.08 crore remains unutilized, while funds have been allocated towards capital expenditure, debt repayment, and research initiatives. This positive validation of financial discipline may boost investor confidence, highlighting a commitment to strategic growth and operational transparency.