India, Sept. 5 -- In Ola Electric's FY25 annual report, its statutory auditors flagged 'material weakness' for in-physical verification of scooters at its stores and state distribution centres for one of its wholly-owned subsidiaries.

In the fiscal year, auditor BSR & Co. LLP Chartered Accountants noted that Ola Electric did not carry out physical verification of electric two wheelers (E2Ws) and spare parts worth INR 362 Cr located across multiple of its stores and state distribution centres.

". [the] subsidiary company did not have an appropriate internal control system for physical verification of raw material and finished goods located at its stores and state distribution centres, which could potentially result in material misstateme...