Ola Electric Mobility Limited disclosed that promoter Bhavish Aggarwal submitted a filing under Regulation 31(4) of the SEBI Takeover Regulations confirming no new encumbrances on the company's shares during FY2026. The disclosure, dated April 9, 2026, was submitted to BSE and NSE on June 22, 2026.
Aggarwal stated that neither he nor persons acting in concert with him created any encumbrance, directly or indirectly, on shares held in Ola Electric Mobility Limited during the financial year ended March 31, 2026, other than those already disclosed during the year.
The filing includes 23 promoter and promoter group entities. The promoter group comprises Bhavish Aggarwal, Naresh Kumar Aggarwal, Usha Aggarwal, Rajalakshmi Aggarwal, Ankush Aggarwal, Vijayam Raghunathan, and Naresh Aggarwal HUF.
Other entities include BA Family Office LLP, Indus Trust through trustee Ankush Aggarwal, OLA Foundation, ANI Technologies Private Limited, Geospoc Geospatial Services Private Limited, Goddard Technical Solutions Private Limited, and Ola Financial Services Private Limited.
Additional entities in the promoter group include Ola Fleet Technologies Private Limited, Ola Stores Technologies Private Limited, Pisces Eservices Private Limited, Ola Singapore Pte Ltd, Krutrim AI Designs LLP, Krutrim Silicon Private Limited, Krutrim SI Designs Private Limited, Krutrim Data Centre Private Limited, and Krutrim Cloud Private Limited.
Aggarwal requested Ola Electric Mobility Limited to place the disclosure at the ensuing audit committee meeting in compliance with Regulation 31(5) of the Takeover Code.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.