Even in 2025, the troubles of OLA CEO Bhavish Aggarwal are not showing any signs of diminishing. Last year, Bhavish Aggarwal was taken to task by famous stand up comedian Kunal Kamra due to the fault in his electric scooter, due to which the shares of Ola Electric fell rapidly. After this, Bhavish Aggarwal had announced that Ola Electric will soon have 5000 service stations in the country. Only then did the ongoing decline in the shares of Ola Electric stop.
Now in 2025, once again Bhavish Aggarwal seems to be in trouble, in which the market regulator Securities and Exchange Board of India (SEBI) has issued a warning on violating the official filing rules in the stock exchanges. SEBI has issued this warning to Bhavish Aggarwal for sharing it on social media before the official filing in the stock exchanges. Let us know what is the whole matter.
The warning issued by SEBI to Ola Electric is in accordance with Rules 4 (1) (d), 4 (1) (f), 4 (1) (h) and 30 ( 6) is given due to violation. These sections of SEBI state that 'channels disseminating information shall ensure equitable, timely and cost-efficient access to relevant information for all investors'.
In fact, Ola Electric had shared it on its social media platform It has been made clear in this warning that Ola Electric will not face any financial and operational problems due to this.
On December 2, Ola Electric shared the information about its corporate planning on its social media platform X instead of sharing it with the stock exchanges. Actually, Ola Electric had planned to quadruple the number of its service stations across the country by December 20, information about which was given by Ola Electric to BSE at 1.36 pm and to NSE at 1.41 pm on December 2, but this information was given only by the company's promoter and CMD. Bhavish Aggarwal shared it on his social media platform X at 9.45 am.
According to SEBI rules, the company has to give this information to the stock exchanges 12 hours before making any announcement, so that all the investors can get time and opportunity, but in the case of Ola Electric, Bhavish Aggarwal has created a social problem by not giving this information to the stock exchanges. Shared it on media.
SEBI has made it clear in its warning letter that SEBI has taken the rules broken by Ola Electric very seriously. If Ola Electric repeats such things again in future, strict action will be taken against it. Also, SEBI has advised Ola Electric to improve communication with the stock exchange.
