Ather Energy Limited has announced the allotment of 4,94,266 equity shares to eligible Employee Stock Option Plan (ESOP) holders who exercised their stock options under the Ather Energy ESOP 2025 Plan. The Board of Directors approved this allotment during their meeting held on February 02, 2026.

Share Capital Enhancement

The allotment has resulted in an increase in the company's paid-up share capital, reflecting the exercise of stock options by eligible employees. The newly issued shares carry a face value of Rs. 1/- each and will rank pari-passu with existing equity shares, ensuring equal rights and privileges for all shareholders.

ESOP Allotment Details

The allotment represents the successful exercise of stock options by employees under the company's structured employee incentive program. The shares were issued as part of the Ather Energy ESOP 2025 Plan, demonstrating the company's commitment to employee participation in its growth.

Regulatory Compliance and Disclosure

The company has fulfilled all requisite disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was communicated to both the National Stock Exchange of India Limited (NSE Symbol: ATHERENERG) and BSE Limited (Scrip Code: 544397) on the same day. Company Secretary and Compliance Officer Puja Aggarwal digitally signed the disclosure documents, confirming adherence to all statutory requirements and ensuring transparency in the allotment process.

Ather Energy has received board approval to establish a fully owned subsidiary in Hong Kong, marking a strategic expansion aimed at strengthening its procurement operations across the Asia-Pacific region. The move represents the electric vehicle manufacturer's commitment to enhancing its supply chain management capabilities and operational efficiency.

Board Approval for Strategic Expansion

The company's board has formally agreed to set up the Hong Kong subsidiary as part of a broader strategy to optimize procurement operations. This decision reflects Ather Energy's focus on building a more robust supply chain infrastructure to support its growing electric mobility business.

APAC Procurement Operations Enhancement

The new Hong Kong subsidiary will specifically focus on procurement functions across the Asia-Pacific region, allowing the company to streamline its sourcing processes. This strategic positioning will enable Ather Energy to better manage its regional supply chain operations and create more efficient procurement channels.

The establishment of dedicated APAC procurement operations demonstrates the company's commitment to building stronger operational infrastructure in key markets. This regional approach is expected to improve supply chain coordination and support the company's electric vehicle manufacturing operations.

Supply Chain Strengthening Initiative

This expansion into Hong Kong aligns with Ather Energy's broader strategy to enhance its overall business capabilities through improved supply chain management. The fully owned subsidiary structure will provide the company with greater control over its procurement processes and enable more effective coordination with regional suppliers and partners.