Auditor red-flags Ola Electric’s results over PLI fine reversal move | Company Business News

•Ola Electric's auditor flagged a ₹57 crore penalty reversal move that helped shrink June quarter losses.

•The company missed a ₹225 crore investment milestone under the PLI scheme, but reversed the provision before receiving a formal waiver.

•The auditor issued a qualified report due to insufficient evidence on the reversal's justification, citing the need for ministry approval.