<p>India's markets regulator has sent a warning letter to <a href="https://www.deccanherald.com/tags/ola-electric">Ola Electric</a> for sharing information on social media before disclosing it to investors, adding to a long line of troubles for the electric two-wheeler maker.</p>.<p>The letter from the Securities and Exchange Board of India (SEBI), disclosed by Ola Electric late on Tuesday, said that the company had failed to disclose information of a planned store network expansion on time to its investors.</p>.<p>The news of the planned store openings was shared first on social media platform X by founder and Managing Director <a href="https://www.deccanherald.com/tags/bhavish-aggarwal">Bhavish Aggarwal</a> and to investors about four hours later through the stock exchanges.</p>.Ola Electric Mobility chief technology and product officer Suvonil Chatterjee resigns.<p>Publicly-listed companies are required to disclose any information first to investors through exchange filings and not more than 12 hours from the event taking place.</p>.<p>Ola Electric, which went public in August last year, opened 3,200 new stores and service centres last month to expand its reach and address rising complaints on its service standards.</p>.<p>Shares of Ola Electric were down about 1.6 per cent at 77.9 rupees. They had fallen as much as 5 per cent earlier in the day.</p>
<p>India's markets regulator has sent a warning letter to <a href="https://www.deccanherald.com/tags/ola-electric">Ola Electric</a> for sharing information on social media before disclosing it to investors, adding to a long line of troubles for the electric two-wheeler maker.</p>.<p>The letter from the Securities and Exchange Board of India (SEBI), disclosed by Ola Electric late on Tuesday, said that the company had failed to disclose information of a planned store network expansion on time to its investors.</p>.<p>The news of the planned store openings was shared first on social media platform X by founder and Managing Director <a href="https://www.deccanherald.com/tags/bhavish-aggarwal">Bhavish Aggarwal</a> and to investors about four hours later through the stock exchanges.</p>.Ola Electric Mobility chief technology and product officer Suvonil Chatterjee resigns.<p>Publicly-listed companies are required to disclose any information first to investors through exchange filings and not more than 12 hours from the event taking place.</p>.<p>Ola Electric, which went public in August last year, opened 3,200 new stores and service centres last month to expand its reach and address rising complaints on its service standards.</p>.<p>Shares of Ola Electric were down about 1.6 per cent at 77.9 rupees. They had fallen as much as 5 per cent earlier in the day.</p>