Ola Electric Mobility Limited — Others, 01-08-2025: Copy of Newspaper Publication

Ola Electric Mobility Limited plans to reallocate INR 1,322.64 Crores from its IPO proceeds, shifting funds originally earmarked for cell manufacturing expansion and R&D. The company will direct INR 850.64 Crores towards organic growth initiatives in its auto and cell businesses, extend spending timelines to FY27, and allocate INR 395 Crores for debt repayment. An additional INR 77 Crores will go to general corporate purposes. This strategic adjustment aims to optimize capital, strengthen the balance sheet, and drive growth amidst evolving market conditions. Shareholders will vote on this special resolution at the 8th Annual General Meeting on August 22, 2025.