Promoters of Ather Energy , Swapnil Babanlal Jain and Tarun Sanjay Mehta, have confirmed that neither they nor their respective promoter groups created any encumbrance on shares during the financial year ended March 31, 2026. This disclosure ensures that the shares held by the promoter groups remain free from charges such as pledges, which is a key compliance requirement for market participants.

The declarations were submitted to the National Stock Exchange of India Ltd and BSE Limited on April 06, 2026, pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrance created on shares during a financial year.

Promoter Group Details

The filings identified the specific entities that constitute the promoter groups associated with Swapnil Babanlal Jain and Tarun Sanjay Mehta. The lists include trusts and individuals related to the promoters.

The disclosures were addressed to the exchanges and copied to the Audit Committee and the Company Secretary & Compliance Officer of Ather Energy Limited. The confirmation of no encumbrance provides transparency regarding the holding status of the promoter groups for FY26.

Ather Energy Limited has published a newspaper advertisement for its postal ballot notice regarding the proposed raising of up to ₹1,500 Crores through a qualified institutions placement (QIP). The advertisement appeared in the Financial Express and Vishwavani on June 15, 2026, pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made the notice available on its website.

The Board of Directors approved the fund-raising proposal at its meeting held on June 12, 2026. The proceeds are intended for investment in research and development, marketing initiatives, repayment of borrowings, and general corporate purposes. To facilitate the QIP, the company has appointed CS Biswajit Ghosh or CS Pramod S M, partners of M/s. BMP & Co. LLP, as the scrutinizer to oversee the voting process.

E-Voting Schedule and Process

Shareholders whose names appear on the register of members or list of beneficial owners as on Friday, June 05, 2026, are eligible to vote. The company has engaged National Securities Depositories Limited (NSDL) to provide the remote e-voting facility.

The voting process is restricted to electronic mode only. Members can cast their votes through the NSDL e-voting website or via their depository participants. Once a vote is cast, it cannot be modified. The resolution will be deemed to be passed on the last date of e-voting, July 14, 2026, if it receives the requisite majority.

Key Terms of the Issue

The QIP will be conducted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The pricing of the equity shares will be determined by the Board and shall not be less than the floor price calculated under the regulations, with a provision to offer a discount of up to 5%.

The securities will be allotted within 365 days from the date of the shareholders' resolution. The allotment will be made only to Qualified Institutional Buyers (QIBs), and no single allottee shall receive more than 50% of the proposed issue size. The securities will rank pari passu with the existing equity shares of the company.