Ola Electric Mobility Limited issued a clarification on February 17, 2026, regarding media reports about a warrant against its Chief Executive Officer. The company addressed the matter through a regulatory filing under Regulation 30(11) of SEBI Listing Regulations.
In its official communication to the National Stock Exchange of India Limited and BSE Limited, Ola Electric Mobility Limited stated that the Hon’ble High Court of Bombay at Goa has stayed the warrant issued by the District Consumer Commission, South Goa.
The clarification was issued in response to news reports dated February 17, 2026, titled “Goa Consumer Commission Issues Bailable Warrant Against Ola CEO Bhavish Aggarwal”.
The company further stated that the Hon’ble Court observed that the District Consumer Commission exceeded its jurisdiction under the Consumer Protection Act while issuing the warrant.
The clarification was submitted under Regulation 30(11) of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.
The filing was signed by Abhishek Jain, Company Secretary and Compliance Officer, from Bengaluru.
The company also informed the exchanges that the clarification would be hosted on its official website. The communication was addressed to both stock exchanges where the company’s shares are listed under NSE Scrip Symbol OLAELEC and BSE Scrip Code 544225.
Read More: Ola Electric Eyes 50% Cost Reduction to Reach Profitability!
According to the statement enclosed as Annexure A, the High Court’s stay order applies to the warrant issued by the District Consumer Commission, South Goa.
The Court also made observations regarding jurisdiction under the Consumer Protection Act. The company requested that due note be taken of the factual legal position as stated.
As of February 18, 2026, at 9:42 AM, Ola Electric Mobility share price on NSE was trading at ₹28.75 up by 2.75% from the previous closing price.
Ola Electric Mobility Limited has formally clarified that the Bombay High Court at Goa has stayed the warrant issued by the South Goa Consumer Commission. The company’s exchange filing outlines the legal position and confirms that the matter has been addressed through appropriate judicial proceedings.
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Published on: Feb 18, 2026, 11:21 AM IST
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