In a statement to the stock exchanges on Sunday, the company said, "Ola Electric promoter Bhavish Aggarwal has pledged a 4.32 per cent stake in the company to participate in the rights issue approved by the Board, as disclosed in the Draft Letter of Offer filed on September 28 2026

Sanjay Raut said he was raising the issue on behalf of unemployed and working Marathi youth. He claimed that many young people across Maharashtra rely on driving auto-rickshaws to earn a living and support their families