Ather Energy Limited has announced the allotment of 40,735 equity shares to eligible employees under its Employee Stock Option Plan (ESOP). The allotment was approved by the Board of Directors through a circular resolution passed on February 27, 2026.

Share Allotment Details

The allotted shares were issued to ESOP holders who exercised their stock options under the Ather Energy ESOP 2025 Plan. Each equity share carries a face value of Rs. 1/- and will rank pari-passu with the existing equity shares of the company in all respects.

Impact on Share Capital

Following this allotment, the company's paid-up share capital structure has been updated:

Regulatory Compliance

The company has informed both the National Stock Exchange of India Ltd and BSE Limited about this allotment as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Puja Aggarwal, Company Secretary and Compliance Officer, ensuring full regulatory compliance.

This ESOP allotment reflects the company's commitment to employee participation in its growth story through equity ownership, allowing eligible employees to benefit from the company's performance.

National Investment and Infrastructure Fund II (NIIF II) has completed the divestment of its entire shareholding in Ather Energy Limited through a block sale transaction executed on February 11, 2026. The transaction represents a complete exit by the infrastructure-focused fund from the electric vehicle manufacturer.

Transaction Details

The fund disposed of 73,33,219 equity shares through an on-market block sale, representing 1.92% of Ather Energy's total share capital and 1.88% of the company's diluted share capital. The disclosure was made under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Holdings Structure Before and After Transaction

Prior to the transaction, NIIF II held 73,33,219 shares representing 1.92% of Ather Energy's total share capital. The fund operated in concert with India-Japan Fund, which maintained a separate holding of 2,24,65,447 shares (5.88% of total share capital). Combined, both entities held 2,97,98,666 shares, representing 7.80% of the company's total share capital.

Company Capital Structure

Ather Energy's equity share capital remained unchanged following the transaction, with 38,18,41,151 equity shares of face value ₹1 each representing the total voting capital. The company's diluted share capital, accounting for outstanding convertible securities and warrants, stands at 38,97,57,522 shares as of December 31, 2025.

Regulatory Compliance

The transaction disclosure was submitted to both BSE Limited (Scrip Code: 544397) and National Stock Exchange of India Limited (Symbol: ATHERENERG), where Ather Energy's shares are listed. NIIF II confirmed that neither the fund nor its person acting in concert belongs to the promoter or promoter group of Ather Energy. The disclosure was signed by Nilesch Shrivastava, Fund Head, acting on behalf of NIIF II through its investment manager National Investment and Infrastructure Fund Limited.

Following this divestment, India-Japan Fund remains the sole entity among the previous concert party arrangement to maintain shareholding in the electric vehicle manufacturer, retaining its 5.88% stake in the company.