New Delhi: Ola Electric Mobility Limited on Tuesday said the Bombay High Court at Goa has stayed a bailable warrant issued by the District Consumer Commission, South Goa, against its Chief Executive Officer Bhavish Aggarwal.
In a regulatory filing to the National Stock Exchange and BSE, the electric two-wheeler maker said the High Court observed that the consumer commission had exceeded its jurisdiction under the Consumer Protection Act while issuing the warrant.
The clarification was issued under Regulation 30(11) of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations following media reports titled “Goa Consumer Commission Issues Bailable Warrant Against Ola CEO Bhavish Aggarwal” dated February 17, 2026.
“The Hon’ble High Court of Bombay at Goa has stayed the warrant issued by the District Consumer Commission, South Goa.
Additionally, the Hon’ble Court observed that the Commission exceeded its jurisdiction under the Consumer Protection Act in issuing the warrant,” the company said in its statement.
The company requested stakeholders to take note of the “factual legal position,” indicating that the matter is currently stayed by judicial intervention.
Shares of Ola Electric Mobility Limited are likely to remain in focus amid heightened scrutiny following the media reports.
The development comes at a time when the EV manufacturer is navigating competitive intensity in the electric two-wheeler market and scaling up manufacturing and distribution.
Ola Electric, which manufactures the S1 range of electric scooters, has been expanding its retail footprint and strengthening after-sales service networks across India. Legal developments involving top management often attract investor attention, particularly for newly listed, high-growth companies.
The company did not provide additional details on the underlying consumer complaint but maintained that the High Court’s stay order clarifies the legal position at this stage.
Market participants will closely track further proceedings in the matter as well as any operational impact, though the company’s statement suggests no immediate legal liability arising from the stayed warrant.