Ola Electric Mobility Limited — Important, 27-12-2024: General Updates

Mr. Anshul Khandelwal, Chief Marketing Officer, and Mr. Suvonil Chatterjee, Chief Technology and Product Officer, have resigned, effective immediately. Both cited personal reasons for their departures. Their resignations may lead to shifts in strategic direction and operations within Ola Electric Mobility Limited, particularly in marketing and technological advancements. Investors should monitor these changes closely, as the exit of key personnel can impact ongoing projects and the company's focus on innovation, potentially presenting both risks and opportunities in the evolving electric mobility market. The company is expected to address these leadership gaps promptly to maintain operational continuity and market confidence.