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Ola Electric shares snap 4-day losing streak after Bombay HC stays arrest warrant against CEO Bhavish AggarwalOla Electric in a statement said the High Court also observed that the District Consumer Commission had exceeded its jurisdiction under the Consumer Protection Act while issuing the warrant.By Shloka Badkar  February 18, 2026, 9:25:54 AM IST (Updated)2 Min ReadShares of Ola Electric Mobility Ltd. gained on Wednesday, February 18, after the Bombay High Court at Goa stayed an arrest warrant issued against the company's CEO Bhavish Aggarwal by the District Consumer Commission of South Goa.

The company in a statement said the High Court also observed that the District Consumer Commission had exceeded its jurisdiction under the Consumer Protection Act while issuing the warrant.

Ola also urged media organisations to "take note of the factual legal position and refrain from speculation".

"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 found that the Commission exceeded its jurisdiction under the Consumer Protection Act in issuing the warrant. We urge the media to take note of the factual legal position and refrain from speculation," Ola Electric said in its statement.

The warrant was issued after Aggarwal allegedly failed to appear before the commission despite being served notice. The case relates to a complaint filed by Pritesh Chandrakant Ghadi over issues with an Ola S1 Pro Second Gen scooter that allegedly persisted even after repairs. The complainant has sought a refund of ₹1.47 lakh along with ₹50,000 for harassment and mental agony.

Shares were already under pressure following continued brokerage downgrades and weak price action.

Brokerage firm City slashed its rating on the stock to 'sell' from 'buy' and cut its target price by 51% to 27 apiece from the previous 55.

Citi cited slower-than-expected EV penetration in India's two-wheeler segment, citing that GST reductions on internal combustion engine vehicles have narrowed the gap in prices and slowed electrification.

The analyst also flagged market losses, driven by service-related challenges, intense competition and weak customer perception. Ola Electric's December quarter results were below estimates due to negative operating leverage.

Shares of Ola Electric Mobility were trading 3.6% up at ₹29 apiece around 9.25 am on Wednesday.

The stock ended the previous session 2.5% lower at ₹28.11 apiece after hitting a fresh 52-week low of ₹27.36 in the trading session. The stock had declined for four consecutive sessions.

Also Read: SEBI issues new forms for registration of stock brokers and clearing membersContinue ReadingFirst Published: Feb 18, 2026 7:22 AM ISTTagsBhavish AggarwalOla ElectricOla Electric Mobilityshare market today