
Ather Energy Issues Corrigendum to EGM Notice for Preferential Issue
Ather Energy Limited has issued a Corrigendum to its Extraordinary General Meeting (EGM) notice, originally dated July 15, 2026, and dispatched on July 18, 2026. The EGM is scheduled for August 14, 2026, to be held via Video Conferencing. This Corrigendum, issued on August 7, 2026, provides clarifications regarding the proposed Preferential Issue of equity shares and warrants, as advised by the National Stock Exchange of India Limited (NSE). Key changes include an increase in the allocation for 'Expenditure towards marketing initiatives' from INR 125.00 crores to INR 275.00 crores within the explanatory statement. The Corrigendum is an integral part of the EGM notice and has been electronically dispatched to shareholders.
Key Highlights
- Corrigendum issued for EGM notice concerning a preferential issue.
- Marketing initiative budget increased from ₹125 Cr to ₹275 Cr.
- Clarifications provided as per NSE advice.
- EGM scheduled for August 14, 2026, via VC/OAVM.
- Corrigendum forms an integral part of the EGM notice.
Price Impact
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