Ola Electric CFO H Abichandani resigns; board OKs Deepak Rastogi as CFO

Ola Electric on Monday said its board has approved the appointment of Deepak Rastogi as the company’s chief financial officer, with effect from January 20, 2026.

Rastogi will also serve as a key managerial

personnel and will be part of the company’s senior management team, the company said. The required disclosures in compliance with a SEBI circular dated November 11, 2024, have been enclosed by the company.

The board also noted the resignation of Harish Abichandani from the position of chief financial officer, effective from the close of business on January 19, 2026. The board placed on record its appreciation for his contribution during his tenure.

The company has enclosed the necessary disclosures related to Abichandani’s resignation, along with his resignation letter dated January 19, 2026, in accordance with SEBI requirements.

After gaining 21% on January 1, 2 and 5, the stock fell for the ninth straight session today and is down 19% over the nine-day losing streak. Shares of Ola Electric settled at Rs35.73 on Monday at close, down over 4%.