General Updates regarding creation of pledge on Promoter Shares

Ola Electric Mobility Ltd. has created a pledge over 10,71,70,404 equity shares, representing 2.43% of its equity share capital and 8.09% of the Promoter Shares, in favor of Axis Trustee Services Limited to secure certain debentures issued by Krutrim Data Centre Private Limited. This pledge replaces a non-disposal undertaking previously established over the same shares. The encumbrance may temporarily appear twice in records until the release of the non-disposal undertaking…

Pledged promoter shares can be sold by the lender if the price falls, which turns a share-price decline into forced supply.

• Percentage of promoter holding now pledged
• Which lender holds the pledge
• Whether the pledge is released in the next disclosure
• Through FY27, a ₹1,000 crore number to us seems to be a median guidance on what we can achieve. (management committed by FY27)
• We have said Q4, which is when it launches, we should do about a ₹100 crore revenue, which means about 7,000-8 (management committed by Q4 FY26)