Auditors of consumer electronics brand boAt have highlighted differences between the company’s financial statements submitted to lenders and its internal records for 2023–2025.
The review also noted possible misuse of short-term funds for long-term purposes in subsidiaries and some unreported overseas transactions. boAt has begun addressing these issues by revising its filings and improving disclosures.
The findings come as the company prepares for a proposed IPO, planning to raise around ₹1,500 crore. While the discrepancies have drawn regulatory attention, boAt aims to resolve them before entering the market, ensuring investor confidence.