Overview
- Harish Abichandani resigned citing personal reasons with effect from the close of January 19, according to the company’s exchange filing.
- Deepak Rastogi, a former Puravankara finance executive and chartered accountant, takes over as chief financial officer effective January 20.
- Ola Electric shares fell about 5% on Tuesday to Rs 33.89 on the BSE after touching a record low of Rs 30.79 on December 18, 2025.
- For Q2 FY26, revenue fell 43% year on year to INR 690 crore while the consolidated net loss narrowed to INR 418 crore.
- The company has cut its FY26 revenue forecast as sales weaken, with E2W market share dropping to 16.1% from 36.7% and several institutional investors reducing or exiting stakes.