BENGALURU — Ola Electric Mobility Limited has notified stock exchanges of key senior management transitions alongside major capital raising and board governance decisions approved at its September 5 board meeting.
Chief Operations Officer Hyun Shik Park has resigned from his executive position and Senior Management Personnel role, effective September 5, 2026, citing personal reasons. Concurrently, the board approved a ₹1,500 crore equity funding framework and the extension of key independent directors.
Strategic Board Actions & Governance Matrix
-
Executive Departure:
-
Outgoing Executive: Hyun Shik Park.
-
Designation: Chief Operations Officer (COO) & Senior Management Personnel.
-
Effective Date: September 5, 2026.
-
Stated Rationale: Personal reasons.
-
-
Board Re-Appointments (Five-Year Second Term):
-
Manoj Kumar Kohli: Re-appointed as Non-Executive Independent Director (Term: December 6, 2026 – December 5, 2031).
-
Shradha Sharma: Re-appointed as Non-Executive Independent Director (Term: December 6, 2026 – December 5, 2031).
-
-
Capital Structuring & Corporate Finance:
-
Capital Raising Approval: Enabling resolution to raise up to ₹1,500 crore via equity shares or convertible securities (QIP, Rights Issue, FPO, or Private Placement).
-
Authorised Share Capital: Increase approved from ₹8,318.50 crore to ₹8,721.87 crore, subject to shareholder ratification.
-
Annual General Meeting (AGM): Shareholders to vote on resolutions at the 9th AGM scheduled for September 30, 2026.
-
