Ather Energy Ltd

Ather Energy Ltd has announced that its Board of Directors will convene on June 12, 2026, to consider and approve a proposal for raising funds. The fundraising can be through various instruments including equity shares, FCCBs, NCDs, warrants, or other eligible securities, via methods like public issue, rights issue, private placement, or preferential issue. The company has also stated that the trading window for its securities will remain closed until 48 hours after the board meeting's outcome is disclosed.

Ather Energy Ltd. has incorporated a Wholly Owned Subsidiary (WOS) named "Ather Insurance Limited" on May 27, 2026, in India. This subsidiary will operate as a Corporate Agent, offering and facilitating insurance policies. Ather Energy has subscribed to 100% of the initial paid-up share capital of the WOS in cash at a face value of ₹10 per share. The company will seek necessary approvals from the IRDAI before commencing business.

Caladium Investment Pte Ltd. has disclosed a change in its shareholding of Ather Energy Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure indicates a decrease in shareholding from 8.58% to 8.49% of the total share/voting capital.

Caladium Investment Pte Ltd. reports a change in its shareholding of Ather Energy Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure indicates a decrease in shareholding from 32,857,916 shares (8.58%) to 32,503,723 shares (8.49%) after selling 354,193 shares. The transaction was executed in the open market on May 15, 2026. Ather Energy's equity share capital is reported as 382,673,164 shares before and 382,982,536 after allotment of shares.

Ather Energy's Rizta scooter has achieved a significant milestone, crossing 3 lakh unit sales within two years of its launch in April 2024. The Rizta has become Ather's largest volume driver, accounting for 76% of the company's total sales in FY26. The scooter's success has expanded Ather's reach into new markets, particularly in 'middle India' where market share grew 4X. The Rizta has also attracted a large family customer base, with nearly 70% of customers being families with children.

Ather Energy Ltd has been assigned an ESG rating of '47' for FY 2024-25 by NSE Sustainability Ratings and Analytics Limited. The rating was assigned voluntarily by NSE Sustainability based on publicly available information, without engagement from Ather Energy. The company plans to submit comments and relevant documents to NSE Sustainability for reconsideration of the rating.

Ather Energy Ltd. submits the Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of IPO proceeds of ₹2626.00 crore. The report confirms that the IPO proceeds were used as disclosed in the Offer Document and all payments were made through the monitoring agency account. There were no deviations from the expenditures outlined in the Offer Document, and shareholder approval was not required.

Ather Energy reported a 69% YoY increase in FY26 volumes, reaching 2,62,942 units, with Q4 volumes up 76% YoY to 83,418 units. Total income rose 66% to ₹3,823 crore. Adjusted Gross Margin (AGM) increased by 116% YoY to ₹925 crore. EBITDA losses significantly reduced to ₹257 crore, with margin improving by ~1,630 bps YoY. The company expanded its retail network to 700 Experience Centres and 548 service centers.

Ather Energy Ltd. has re-appointed M/s. Deloitte Haskins & Sells as its Statutory Auditors for a second term of five consecutive years, starting from the conclusion of the 13th AGM until the conclusion of the 18th AGM. The re-appointment, approved by the Board of Directors on May 04, 2026, is subject to the approval of the company's members at the upcoming AGM. Deloitte Haskins & Sells is registered with the Institute of Chartered Accountants of India (ICAI) with Registration No. 008072S.

Ather Energy Ltd. has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 04, 2026. M/s. Deloitte Haskins & Sells, Chartered Accountants, issued an unmodified audit report on the financial results. The board also re-appointed Deloitte Haskins & Sells as Statutory Auditors for a second term of five years, subject to member approval at the upcoming AGM. The Board Meeting commenced at 08:30 AM (IST) and concluded at 10:50 AM (IST).