Shares of electric two-wheeler maker Ola Electric extended losses to the tenth session in a row on Tuesday, January 20, as they fell another 5% following the resignation of the chief financial officer (CFO) Harish Abichandani.
On BSE, Ola Electric’s share price fell 5.47% to ₹33.82 and has lost almost 22% during the 10-day bear run. Barring the gains recorded in the first three trading sessions of the year, Ola Electric stock is down in all others this month, taking the monthly loss 6%.
Ola, in an exchange filing on Monday, said that the Board noted the resignation of Harish Abichandani from the position of CFO of the company with effect from the close of January 19, 2026.
At the same time, the Board approved the appointment of Deepak Rastogi as CFO, who would also be Key Managerial Personnel and part of Senior Management Personnel with effect from January 20, 2026.
