Ola Electric shares dropped 6% after reporting a narrower Q1 FY27 net loss of Rs 336 crore, while quarterly revenue from operations fell 45% YoY to Rs 455 crore despite sequential order and delivery growth.
Ola Electric and founder Bhavish Aggarwal have filed a settlement application with Sebi to resolve allegations of disseminating false information to potentially inflate stock prices. The company seeks to avoid prolonged litigation over claims of misleading disclosures on network expansion, sales performance, and electric motorcycle timelines.
Ola Electric and founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure without admitting guilt, following Sebi's notice regarding discrepancies in service network expansion, sales figures, and electric motorcycle rollout timelines.
