Ola Electric Mobility Limited — Board Meeting, 07-02-2025: Outcome of Board Meeting

Ola Electric Mobility Limited has announced a board meeting outcome, approving the unaudited financial results for the quarter and nine months ended December 31, 2024. The total income for the quarter reached ₹1,172 Cr, with a loss before tax of ₹564 Cr. A corporate guarantee of up to ₹250 Cr was also authorized for its wholly owned subsidiary, Ola Electric Charging Private Limited, to support a government tender application. Trading activities are temporarily halted, with the window reopening 48 hours after the financial results announcement.