Business5 hours ago
Sinful 😈•65%
Ola Electric's Auditor Raises Concerns Over Q2 Results & PLI Fine
Ola Electric faces scrutiny as its auditor flags Q2 results linked to a ₹57-crore penalty reversal under the battery cell PLI scheme. The company is seeking an extension to meet its milestones and a waiver for penalties, raising questions about its financial practices. This situation highlights the challenges Ola Electric faces in navigating government regulations and maintaining investor confidence.
⚖️ AI Verdict
"Looks like Ola Electric is in a bit of a pickle with its finances!"
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File ID: #326595Original Source: LiveMint Companies ↗
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