Ola Electric has successfully settled its financial dispute with Rosmerta Technologies, leading to the withdrawal of Rosmerta’s insolvency petition before the National Company Law Tribunal (NCLT). The resolution comes at a time when Ola Electric has been navigating stock market fluctuations, and this development could help restore investor confidence.

Settlement reached, petition withdrawn

In a regulatory filing, Ola Electric confirmed that all outstanding financial obligations between its subsidiary, Ola Electric Technologies Private Limited, and the Rosmerta Group have been settled. As part of the agreement, Rosmerta has withdrawn its NCLT petitions in Bengaluru.

Rosmerta Digital Services Ltd, a key player in high-security number plates and vehicle registration services, received ₹26.75 crore, resolving a payment dispute where it had previously claimed unpaid dues of ₹18-20 crore.

Impact on Ola Electric’s market position

This settlement comes at a crucial time for Ola Electric, as the company has recently seen a drop in its stock prices. Investor sentiment was affected by concerns over financial disputes and potential operational disruptions. Resolving this legal battle removes a key uncertainty for the company, which could help stabilize its stock performance and reassure stakeholders.

Earlier, Ola Electric had stated that its contract renegotiations with vehicle registration agencies would not impact actual sales. However, any legal proceedings against a publicly traded company can create short-term market volatility. With this matter now settled, Ola Electric may regain some investor confidence as it continues expanding in India's competitive EV market.

Ola Electric’s next steps

With the dispute behind it, Ola Electric can now focus on strengthening its market presence and scaling up its EV business without legal distractions. The resolution of this case signals financial stability and a commitment to meeting obligations, which could work in the company's favor as it aims to maintain its leadership in the electric two-wheeler segment.