Late night, big news came about the management of OLA Electric, another senior official resigned, will the stock see any movement today?:Earlier, on December 27, 2024, information about the company's Chief Marketing Officer (CMO) Anshul Khandelwal and Chief Technology and Product Officer (CTPO) Suvonil Chatterjee also leaving the company had come to light.

News Topical, Digital Desk : Ola Electric received a major management update late last night. The company announced on Monday that its board has approved the appointment of Deepak Rastogi as Chief Financial Officer (CFO). This appointment will be effective January 20, 2026.

According to the company, Deepak Rastogi will also serve as Key Managerial Personnel (KMP) and will be part of the senior management team. The company stated that the necessary disclosures have been submitted to the exchanges in accordance with the Securities and Exchange Board of India (SEBI) circular dated November 11, 2024. The Board also acknowledged the resignation of current CFO Harish Abichandani, effective January 19, 2026, at the close of business. The Board expressed its appreciation for his contributions during his tenure. The Company has enclosed Abichandani's resignation letter, dated January 19, 2026, and all relevant disclosures, in accordance with SEBI regulations.

Share Status: OLA Electric shares continued to face pressure in the stock market. After a combined 21% gain on January 1, 2, and 5, the stock fell for the ninth consecutive session, losing nearly 19% during this period. On Monday, the stock closed at ₹35.73, a decline of over 4%.

Previously , on December 27, 2024, the company's Chief Marketing Officer (CMO) Anshul Khandelwal and Chief Technology and Product Officer (CTPO) Suvonil Chatterjee were also reported to have left the company.