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.

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.

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.

Ather Energy has announced a significant milestone in electric vehicle infrastructure, with riders now gaining access to over 5000 public fast chargers equipped with LECCS (Light Electric Combined Charging System) connectors across India. This expansion represents a major step forward in addressing charging infrastructure challenges for electric two-wheeler adoption.

Network Coverage and Distribution

The comprehensive charging network spans across 395+ cities and comprises two key components. Ather Energy directly operates 3675+ fast chargers, representing the widest two-wheeler fast charging network in India, while an additional 1400+ chargers are accessible through LECCS partner networks.

The strategic distribution covers major metros, tier 2 and tier 3 cities, as well as intercity routes, facilitating both daily commutes and long-distance travel for electric vehicle users.

LECCS Standard Development and Industry Adoption

Ather Energy played a pivotal role in developing the LECCS connector specifically designed for electric two-wheelers and three-wheelers. The company opened the intellectual property rights to its connector, establishing the foundation for an interoperable two-wheeler fast charging platform across the industry.

The LECCS connector achieved significant regulatory milestones with Bureau of Indian Standards (BIS) approval. The standard was subsequently published as Indian Standard IS17017 in two parts.

Industry Partnerships and Interoperability

The LECCS standard has gained widespread industry adoption, with multiple partners now supporting the platform. Original Equipment Manufacturers including Hero Vida and Matter have integrated the standard into their vehicles, while charge point operators such as Bolt, Kazam, and EVamp have adopted the technology.

This interoperability enhancement allows customers with LECCS-compatible scooters to easily locate, navigate to, and charge at Ather Grid chargers through Google Maps integration.

Management Perspective

Ravneet Singh Phokela, Chief Business Officer at Ather Energy, emphasized the critical role of charging infrastructure in electric vehicle adoption. He highlighted the company's investment in building charging networks across cities, towns, highways, and intercity corridors to enable confident journey planning for riders.

Phokela noted that the expansion to over 5000 fast chargers allows Ather owners to ride with confidence, knowing charging options are readily available for both daily commutes and intercity trips. He also mentioned recent improvements to the charging experience, including the launch of a new fast charger designed to make ownership more seamless, predictable, and convenient.

Company Background

Ather Energy Limited, founded by Tarun Mehta and Swapnil Jain, is recognized as a pioneer in the Indian electric two-wheeler market. The company launched its first electric scooter and currently offers two distinct product lines: the performance-oriented Ather 450 series and the family-focused Ather Rizta, providing a total of nine variants.