Ather Energy Allots 2,97,012 Equity Shares to ESOP Holders Under Stock Option Plan

Ather Energy Limited has completed the allotment of 2,97,012 equity shares to eligible employees under its Employee Stock Option Plan (ESOP). The Board of Directors approved this allotment through a circular resolution passed on March 30, 2026, as part of the Ather Energy ESOP 2025 Plan.

Share Allotment Details

The allotment involves equity shares with a face value of Rs. 1 each, issued to ESOP holders who exercised their stock options. These newly issued shares carry the same rights and privileges as existing equity shares of the company.

Parameter	Details
Securities Type	Equity shares of face value Rs. 1 each
Issuance Type	ESOP allotment
Total Shares Allotted	2,97,012 shares
Plan	Ather Energy ESOP 2025 Plan
Approval Date	March 30, 2026

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital. The capital structure changed as follows:

Capital Component	Before Allotment	After Allotment
Paid-up Share Capital	Rs. 38,23,76,152	Rs. 38,26,73,164
Number of Equity Shares	38,23,76,152 shares	38,26,73,164 shares
Face Value per Share	Rs. 1	Rs. 1

Regulatory Compliance

The company has fulfilled its disclosure obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was formally communicated to both the National Stock Exchange of India Limited and BSE Limited on March 30, 2026.

The allotment represents the company's commitment to its employee incentive programs and reflects the exercise of stock options by eligible personnel under the structured ESOP framework.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.15%	-1.87%	+7.21%	+29.79%	+152.12%	+152.12%

Ather Energy has achieved a significant milestone by doubling its service network to 500 authorized centers across India in FY26, expanding from 277 centers in the previous year. The company announced this expansion through an official press release filed under Regulation 30, demonstrating its commitment to building robust customer support infrastructure nationwide alongside its growing retail footprint.

Service Network Expansion Details

The substantial expansion represents nearly a 100% growth in service capacity within a single fiscal year. This network expansion enables the company to provide better accessibility and support to customers across Tier-1, Tier-2, and emerging cities throughout India.

Parameter:	Details
Service Centers FY26:	500 centers
Service Centers Previous Year:	277 centers
Growth Rate:	Nearly doubled
ExpressCare Centers:	82 centers
Service Duration:	60-minute maintenance

Enhanced Service Offerings

Ather Energy has introduced several service innovations to improve customer experience. The company's Gold Service Centres feature modern customer lounges, advanced service equipment, and streamlined processes that enhance transparency and reliability. The ExpressCare initiative, available at 82 centers, offers 60-minute periodic maintenance service, allowing riders to complete routine maintenance quickly without compromising quality.

Market Demand and Strategic Growth

The service network expansion comes amid strong demand for Ather scooters, including the Ather 450 performance line and the Rizta family scooter, which have broadened the company's reach into new customer segments and markets. As of December 31, 2025, Ather Energy operates 600 Experience Centres and plans to scale to 700 Experience Centres by FY26.

Commenting on the milestone, Ravneet Singh Phokela, Chief Business Officer at Ather Energy, stated that crossing 500 service centres represents an important milestone as the company continues to scale its retail footprint and customer base. He emphasized that reliable after-sales support has been a core focus from the early days, as having a strong service network becomes critical as the company's presence grows.