Ather Energy Limited has convened its 13th Annual General Meeting (AGM) on Wednesday, August 19, 2026, at 11:00 a.m. IST, to be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting will transact both ordinary and special business, including the adoption of audited financial statements for FY26, which reported a net loss of ₹517.17 crores against total income of ₹3,823.08 crores and revenue from operations of ₹3,671.76 crores. The AGM serves as a critical governance checkpoint following the company's listing on NSE and BSE in May 2025.

Key AGM Details

The following table summarises the key logistical details of the meeting:

Resolutions on the Agenda

The Board of Directors seeks shareholder approval for three primary resolutions. First, the re-appointment of Mr. Ram Kuppuswamy (DIN: 09817635) as a Non-executive Director, who retires by rotation. Mr. Kuppuswamy holds a bachelor's degree in computer science from Madurai Kamaraj University and a post-graduate diploma in management from IIM Ahmedabad, and brings over 27 years of experience in supply chain management and logistics. He attended 13 out of 14 Board meetings and 100% of Audit and Risk Management Committee meetings during FY26. Second, the re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No. 008072S), as Statutory Auditors for a second term of five consecutive years — from the conclusion of the 13th AGM to the conclusion of the 18th AGM — at a proposed remuneration of ₹75.00 lakhs for FY27, excluding applicable taxes and out-of-pocket expenses. Third, shareholders will vote on a special resolution to extend the benefits of the 'Amended and Restated Ather Energy ESOP Plan 2025' to eligible employees of existing and future subsidiary companies in or outside India.

ESOP Plan: Key Parameters

The following table outlines the salient features of the Ather Energy ESOP 2025 as disclosed in the AGM notice:

The extension of ESOP benefits to subsidiary employees is designed to attract and retain talent across Ather Energy's expanding operational footprint, which includes newly incorporated wholly-owned subsidiaries in insurance and procurement. The total pool size for stock options under the plan remains capped at 26,656,428 options, exercisable into an equal number of equity shares of face value ₹1 each.

FY26 Financial Performance Snapshot

The AGM agenda includes adoption of audited financials for FY26. The table below presents key financial highlights:

Revenue grew 63% year-on-year, driven by a 69% increase in vehicle sales to 2,62,942 units. Net loss narrowed by 36% to ₹517.17 crores from ₹812.28 crores in FY25. The company also generated positive operating cash flow of ₹31.89 crores in FY26, compared to a cash outflow of ₹720.70 crores in FY25, marking a swing of more than ₹750 crores. R&D expenditure stood at ₹447.84 crores in FY26, reflecting continued investment in platforms such as EL and Zenith, as well as battery and charging infrastructure development.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0LEZ01016/071dfaff-0dad-455b-a7ea-efb7f45212ff.pdf

A notable block trade was executed on the National Stock Exchange (NSE) for ather energy , involving approximately 4,03,634 shares transacted at a price of ₹1206.10 per share. The total value of the block deal stood at ₹48.68 crore.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Transaction Overview

Block trades are large-volume transactions typically executed between institutional investors or high-net-worth participants, often negotiated off the open market before being reported on the exchange. The Ather Energy block trade on the NSE, valued at ₹48.68 crore for approximately 4,03,634 shares at ₹1206.10 apiece, reflects a significant single transaction in the stock.