Ola Electric Mobility Limited — Others, 02-05-2025: Rumour Verification - Regulation 30(11)

Ola Electric Mobility Limited clarified that alleged insider trading reports involve an employee of its affiliate, Ola Electric Technologies Private Limited, exercising ESOPs rather than buying shares in the open market. The company stressed these routine ESOP transactions were misrepresented, potentially harming its reputation. This transparency reassures shareholders about governance and dispels rumors of improper trading activity.