boAt IPO: Auditor flags financial discrepancies

IMAGINE MARKETING, THE parent of consumer electronics startup boAt, has disclosed several red flags raised by its statutory auditor, B S R& Co LLP, in its updated draft red herring prospectus ahead of its much-anticipated IPO. The auditors flagged a series of financial and regulatory compliance issues across the company and its subsidiaries over the past three financial years.

- FE BUREAU

IMAGINE MARKETING, THE parent of consumer electronics startup boAt, has disclosed several red flags raised by its statutory auditor, BS R& Co LLP, in its updated draft red herring prospectus ahead of its much-anticipated IPO. The auditors flagged a series of financial and regulatory compliance issues across the company and its subsidiaries over the past three financial years.