Ather Energy Shareholders Approve Vivek Anand's Appointment as Non-Executive Director
Ather Energy Limited successfully completed its postal ballot for appointing Mr. Vivek Anand as Non-Executive Non-Independent Director, receiving 99.84% shareholder approval. The e-voting process from December 23, 2025, to January 21, 2026, achieved 81.12% participation from outstanding shares. Scrutinizer Biswajit Ghosh certified the process as compliant with all regulatory requirements.
*this image is generated using AI for illustrative purposes only.
Ather Energy Limited has successfully completed its postal ballot process for the appointment of Mr. Vivek Anand as a Non-Executive Non-Independent Director, with shareholders demonstrating overwhelming support for the resolution. The company announced the results on January 21, 2026, following a month-long e-voting process that concluded with strong participation from its shareholder base.
Voting Results and Shareholder Participation
The postal ballot results revealed exceptional shareholder support for Mr. Vivek Anand's appointment, with the resolution passing by a significant margin. The voting process attracted substantial participation across all shareholder categories.
| Voting Outcome: | Details |
|---|---|
| Votes in Favor: | 308,899,206 (99.84%) |
| Votes Against: | 492,685 (0.16%) |
| Total Votes Polled: | 309,391,891 |
| Voter Participation: | 81.12% of outstanding shares |
| Total Outstanding Shares: | 381,407,309 |
Category-wise Voting Breakdown
The voting pattern across different shareholder categories demonstrated consistent support for the appointment. Promoter and promoter group shareholders showed unanimous backing, while institutional and retail investors also expressed strong confidence.
| Shareholder Category: | Shares Held | Votes Polled | Participation (%) | Support (%) |
|---|---|---|---|---|
| Promoter and Promoter Group: | 156,008,716 | 156,008,716 | 100.00 | 100.00 |
| Public Institutions: | 173,598,630 | 152,300,286 | 87.73 | 99.69 |
| Public Non-Institutions: | 51,799,963 | 1,082,889 | 2.09 | 98.07 |
E-voting Process and Timeline
The postal ballot was conducted entirely through remote e-voting, following regulatory guidelines and MCA circulars. The process commenced on December 23, 2025, at 09:00 AM IST and concluded on January 21, 2026, at 05:00 PM IST. National Securities Depository Limited (NSDL) provided the e-voting platform, ensuring secure and transparent voting procedures.
The cut-off date for determining eligible shareholders was set as December 19, 2025, with a total of 175,856 shareholders on record. The postal ballot notice was dispatched electronically on December 22, 2025, to all eligible members whose email addresses were registered with the company or depositories.
Scrutinizer Certification and Compliance
Mr. Biswajit Ghosh (Membership No. 8750/CP: 8239), Designated Partner of BMP & Co. LLP, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed that all voting procedures were conducted in accordance with:
- Section 110 and 108 of the Companies Act, 2013
- Companies (Management and Administration) Rules, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Relevant MCA circulars and secretarial standards
The scrutinizer verified that 793 members voted in favor of the resolution, while 37 members voted against it. Additionally, 2 members abstained from voting, representing 24,775 shares.
Regulatory Compliance and Disclosure
Ather Energy Limited fulfilled all regulatory requirements by submitting the voting results to both NSE (Symbol: ATHERENERG) and BSE (Scrip Code: 544397) on January 21, 2026. The complete voting results and scrutinizer's report are available on the company's website at atherenergy.com under the investor relations section, as well as on the stock exchange websites and NSDL's e-voting portal.
Company Secretary and Compliance Officer Puja Aggarwal (Membership No: A49310) certified the submission of results, ensuring full compliance with Regulation 44(3) of the SEBI Listing Regulations. The successful completion of this postal ballot process enables Mr. Vivek Anand to formally assume his role as Non-Executive Non-Independent Director of the company.
Historical Stock Returns for Ather Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.81% | -4.22% | -11.76% | +70.07% | +108.74% | +378.73% |
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