Ola Electric Authorizes Key Personnel for Materiality Decisions and Disclosures
Ola Electric Mobility Limited has authorized Bhavish Aggarwal (Chairman and MD) and Deepak Rastogi (CFO) to determine materiality and make disclosures to stock exchanges under SEBI regulations. The company will host this information on its website.
This is a standard regulatory compliance update and does not involve any significant financial transactions, strategic shifts, or operational changes that would materially impact the company's stock performance or business operations in the short term.
The announcement is a routine regulatory filing regarding the authorization of key personnel for disclosures, with no immediate financial or operational impact. Hence, the sentiment is neutral.
Ola Electric Mobility Limited has announced the Key Managerial Personnel authorized to determine the materiality of events or information and make disclosures to the stock exchanges as per Regulation 30(5) of the SEBI Listing Regulations. The authorized personnel include Mr. Bhavish Aggarwal, Chairman and Managing Director, and Mr. Deepak Rastogi, Chief Financial Officer.
Mr. Bhavish Aggarwal's designation is Chairman and Managing Director. Mr. Deepak Rastogi serves as the Chief Financial Officer. Both are located at Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Koramangala VI Bk, Bengaluru – 560095, Karnataka, India. Contact details provided include a landline at 080-35440050 and the email address companysecretary@olaelectric.com for Mr. Aggarwal's office, with Mr. Rastogi also listed as CFO.
This intimation regarding the authorized personnel for disclosures will be hosted on the company's official website, www.olaelectric.com, for public record. The company requests the stock exchanges to take this information on their record.
A plain-language summary of a public exchange filing by Ola Electric Mobility Limited. Read the original for the full detail.