Nirajkumar Popatlal Jain Appointed as Trustee for Ola Electric Mobility Limited's OEM Employees' Welfare Trust
Ola Electric Mobility Limited has confirmed a change in the composition of the trustees for its OEM Employees' Welfare Trust. The modification involves the appointment of Mr. Nirajkumar Popatlal Jain and the removal of the outgoing trustee, Mr. Amit Anchal, as detailed in the Deed of Appointment Cum Removal of Trustees dated August 7, 2026.The change pertains to the OEM Employees' Welfare Trust ("Trust"), which was originally settled via a trust deed executed on January 17, 2019. Previously, Mr. Amit Anchal served as the sole Trustee of the Trust, appointed through a Deed of Appointment cum Removal dated December 8, 2023.
The Deed confirms that Mr. Nirajkumar Popatlal Jain has been appointed by the current trustee to assume the role of Trustee for the Trust. This appointment is made in conjunction with the removal of Mr. Amit Anchal from the office.
The parties involved—Ola Electric Mobility Limited, along with both trustees—confirmed that this modification is administrative in nature. The trust objectives and the rights and benefits available to employees under the employee benefit scheme administered by the Trust remain unchanged following these changes.
OLAELEC Stock Price Movement
Ola Electric Mobility Limited shares slipped by 0.99% on Friday, closing at ₹41.07 after shedding ₹0.41 from previous close. The stock traded within a narrow range of ₹40.76 to ₹41.74 and recorded a volume of 26.89 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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