Ola Electric Shares in Focus On Dispute Settlement With Rosmerta Group

Ola Electric Mobility Ltd.’s share price is in focus as it settled all outstanding dues with Rosmerta Group, bringing an end to the legal proceedings between the two entities. The resolution involves Ola Electric’s wholly owned subsidiary, Ola Electric Technologies Pvt. Ltd., and follows a petition filed by Rosmerta under Section 9 of the Insolvency and Bankruptcy Code, 2016.

As of 10:40 AM on March 25, 2025, Ola Electric Mobility Ltd.’s shares were trading at ₹55.53, down ₹1.00 or 1.79% for the day. Over the past six months, the stock has declined by approximately 2%. The company’s market capitalisation stood at ₹24,100 crore.

Ola Paid ₹26.75 Crore 

Rosmerta confirmed the receipt of ₹26.75 crore from Ola Electric, which covers the entire claim raised before the National Company Law Tribunal (NCLT), Bengaluru. The group has filed a memorandum with the NCLT to withdraw its petitions. There are no pending claims or disputes between the companies as per the terms of the executed settlement agreement.

Background of the Dispute

Rosmerta Digital Services Ltd., which offers vehicle registration services and manufactures high-security number plates, filed the insolvency petition against Ola Electric Technologies, alleging non-payment of dues amounting to approximately ₹18-20 crore. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Ola Electric Technologies.

Regulatory Disclosure

On March 25, 2025, Ola Electric submitted a regulatory filing to both NSE and BSE, confirming the settlement and withdrawal of the insolvency petition. The disclosure mentioned that there are no further causes of action remaining between the parties. The company also uploaded the media statement and regulatory notice on its investor relations website.

Conclusion

With the settlement completed, Rosmerta Group is no longer pursuing legal action. The matter is considered closed, and the relationship between both parties is now governed by the terms of the settlement agreement​

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