Ather Energy Limited has announced the grant of 64,882 Employee Stock Options (ESOPs) under its ESOP 2025 scheme to eligible employees. The Nomination and Remuneration Committee of the Board of Directors approved this grant on February 02, 2026, as disclosed under Regulation 30 of the SEBI Listing Regulations.

ESOP Grant Details

The company has provided comprehensive details of the stock option grant in compliance with SEBI regulations:

Scheme Structure and Governance

The ESOP 2025 scheme operates under the administration of the Nomination and Remuneration Committee of the company. The grant is based on and governed by the ESOP Plan that has received approval from shareholders. Each vested option provides the option grantee with the right to apply for one equity share of the company.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the scheme complies with SEBI (SBE) Regulations, 2021. The announcement was signed by Puja Aggarwal, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols.

Employee Incentivization Strategy

This ESOP grant represents the company's strategy to incentivize and retain eligible employees through equity participation. The exercise price of Rs. 1 per option provides employees with potential upside participation in the company's growth, subject to vesting conditions and the five-year exercise window from the date of vesting.

Ather Energy 's Co-CEO has issued a warning about potential challenges facing the electric vehicle industry in the current period. The executive's statement highlights key market pressures that could impact the sector's performance and growth prospects.

Key Industry Challenges Identified

The Co-CEO specifically pointed to two major factors that are expected to create difficulties for the electric vehicle sector:

• Rising commodity prices affecting manufacturing costs
• Reduction in EV incentives impacting market dynamics

Impact on Electric Vehicle Sector

The combination of increased raw material costs and reduced government support presents a challenging operating environment for EV manufacturers. Rising commodity prices directly affect production expenses, while the scaling back of incentive programs may influence consumer purchasing decisions in the electric vehicle market.

Market Environment Considerations

These developments reflect broader market conditions affecting the electric vehicle industry. The warning from Ather Energy's leadership underscores the various external factors that can influence business operations and market growth in the EV sector.