Ola Electric Shares Tumble 6% as CFO Resigns Amidst 10th Straight Session Decline

• Ola Electric shares fell 5.5% to Rs 33.7 on January 20, marking their lowest in nearly a month.
• The decline followed the resignation of CFO Harish Abichandani, citing personal reasons.
• Deepak Rastogi has been appointed as the new CFO, effective January 20, bringing extensive financial expertise.
• Ola Electric's stock has now fallen for ten consecutive sessions, down 57.7% in 2025.
• The company also announced BIS certification for its Ola Shakti battery energy storage system, India's first residential BESS.

Why It Matters: Ola Electric's stock continues its downward trend after CFO resignation, despite new battery certification.