Ola Electric Mobility Limited — Important, 25-03-2025: General Updates

Ola Electric has announced the amicable settlement of all outstanding dues between its subsidiary, Ola Electric Technologies, and the Rosmerta Group. This resolution has led the Rosmerta Group to withdraw petitions filed with the National Company Law Tribunal in Bengaluru, effectively concluding the matter. Ola Electric reaffirms its commitment to fulfilling obligations and nurturing professional relationships with stakeholders. This development may boost investor sentiment by alleviating uncertainty surrounding legal disputes, presenting a positive outlook for operational stability and stakeholder confidence moving forward.