OLAELEC

Ola Electric ; Co Revises IPO Fund Utilisation Plan • 🔄 IPO Fund Reallocation: Board approves changes in utilisation of IPO proceeds (subject to shareholder approval) • 🔋 R&D Allocation Reduced: ₹575 Cr shifted from product development (Object 3) • 📈 Growth Investment Increased: Funds reallocated to organic growth initiatives (Object 4) • 💳 Debt Repayment Boosted: ₹475 Cr redirected towards debt repayment (Object 6) • 🏭 Capex Plans Unchanged: Cell manufacturing expansion & key capex remain intact • ⏳ Timeline Adjusted: Some utilisation timelines extended to FY27 🟡 Impact: Neutral to Slight Positive Better capital allocation & debt reduction positive, but lower R&D spend may raise long-term growth concerns.