Ather Energy has scheduled an Extraordinary General Meeting (EGM) on August 14, 2026, to seek shareholder approval for raising funds aggregating up to INR 1,200 crores through a preferential issue of equity shares and convertible warrants. The meeting, to be held via Video Conferencing at 11:30 AM IST, aims to approve the issuance of securities to specific investors including India-Japan Fund and promoters, subject to regulatory approvals under the Companies Act, 2013, and SEBI ICDR Regulations. The capital infusion is intended to strengthen the company's financial position and support general corporate purposes.

The preferential issue comprises 16,26,016 fully paid-up equity shares to be issued to India-Japan Fund at INR 1,230 per share, including a premium of INR 1,229. Additionally, 79,36,507 convertible warrants are proposed to be allotted to promoters Hero MotoCorp Limited, Mr. Tarun Sanjay Mehta, and Mr. Swapnil Babanlal Jain at INR 1,260 per warrant. These warrants, convertible into equity shares of INR 1 each, carry a tenure not exceeding 18 months from the date of allotment.

Issue and Pricing Structure

The allocation details and pricing premiums for the preferential issue are outlined below.

The total subscription amount for the equity shares is INR 199.99 crores, while the warrants aggregate to INR 999.99 crores. For the warrants, 25% of the issue price is payable at allotment, with the remaining 75% due upon conversion into equity shares. If warrants are not converted within the stipulated 18-month period, they will lapse, and the initial amount paid will be forfeited.

Shareholding Pattern

The issuance will alter the shareholding percentages of the proposed allottees on a fully diluted basis.

Remote e-voting will commence on August 11, 2026, at 9:00 a.m. IST and conclude on August 13, 2026, at 5:00 p.m. IST. The results of the e-voting are expected to be declared on or before August 16, 2026. The company has appointed CS Biswajit Ghosh or CS Pramod S M of M/s. BMP & Co. LLP as the scrutinizer for the meeting.

Ather Energy Limited announced that the fourth edition of its flagship community event, Ather Community Day, will take place on 29 August 2026 in Bengaluru. The event will mark the unveiling of the first scooter from the company's new EL platform, signifying its entry into the mass-market scooter segment. Alongside the product launch, ather energy intends to introduce a range of innovations across technology, charging, and the broader ecosystem to enhance the ownership experience.

The EL platform represents the company's next-generation vehicle architecture, designed for greater versatility, scalability, and manufacturing efficiency. It is the first all-new vehicle platform from the manufacturer since the 450 series. The first scooter built on this architecture is aimed at the ₹1 lakh to ₹1.25 lakh price segment, a move intended to expand the company's total addressable market and drive future growth.

The Ather Community Day has evolved over the last three years into a significant automotive and technology event. The 2025 edition, held on 30 August 2025, attracted over 4,000 attendees and featured the unveiling of the EL platform, the Redux concept vehicle, next-generation fast-charging technology, and AtherStack 7.0.

Ather Energy's current product portfolio includes the Ather 450 series and the Ather Rizta, a family scooter line launched in 2024, offering a total of 9 variants. The company operates the Ather Grid, which it claims is the widest two-wheeler fast charging network in the country. As of March 31, 2026, the company holds 326 registered trademarks, 271 registered designs, and 52 registered patents, along with pending applications globally.

Key Details of Ather Community Day 2026