Amara Raja Energy & Mobility Limited has successfully concluded its postal ballot voting process on December 25, 2025, with shareholders approving the Employee Stock Option Scheme 2025 and related resolutions with strong majority support. The company submitted detailed voting results to stock exchanges on December 26, 2025, demonstrating robust stakeholder confidence in its talent retention strategy.

Postal Ballot Voting Results

The postal ballot concluded with overwhelming shareholder support across all four special resolutions related to the ESOP scheme. The voting demonstrated strong institutional and retail investor confidence:

Voting Participation Analysis

The postal ballot witnessed significant participation from different shareholder categories, with the record date set as November 19, 2025:

Employee Stock Option Scheme 2025 Framework

The approved ESOP scheme encompasses comprehensive provisions for employee engagement across the organization and its subsidiaries:

Regulatory Compliance and Documentation

The company submitted voting results to both NSE and BSE under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Vikas Sabharwal signed the regulatory filing, confirming all special resolutions were passed with requisite majority. The voting results and scrutinizer's report are available on the company website and NSDL's e-voting platform.

Q2 FY26 Financial Performance Context

Alongside the ESOP approval, Amara Raja Energy & Mobility reported strong Q2 FY26 financial results, reinforcing the timing of the employee incentive scheme:

The successful ESOP approval, combined with robust financial performance and strong shareholder participation of 65.74%, positions Amara Raja Energy & Mobility well for talent retention and sustained growth in the evolving energy and mobility solutions market.

Amara Raja Energy & Mobility Limited (ARE&M) has reported a consolidated revenue of INR 3,467 crores for the second quarter, marking a 6.5% year-over-year growth. The company's performance was primarily driven by robust demand from Original Equipment Manufacturers (OEMs) in the automotive sector.

Lead Acid Business Remains Strong

The lead acid business, which contributes 95% of the company's revenue, grew by 5% year-over-year to INR 3,297 crores. This growth was largely attributed to a significant 30% increase in OEM volumes across both 4-wheeler and 2-wheeler segments. However, aftermarket volumes remained stable due to procurement delays following GST rate revisions.

New Energy Business Shows Promise

ARE&M's New Energy business demonstrated impressive growth, delivering INR 170 crores in revenue, a more than 50% increase compared to the previous year. This growth was supported by increased demand for telecom packs and chargers. The company supplied 150 megawatts in telecom volumes and commenced production of 3-wheeler packs with LFP cells.

Financial Performance

The company's stand-alone operating margins stood at 12%, impacted by warranty expense provisions and Extended Producer Responsibility (EPR) liability provisions totaling INR 35 crores. Excluding these provisions and the impact of lithium telecom batteries, the adjusted operating margin would have been around 12.4%.

Investment in Lithium Subsidiary

ARE&M invested INR 350 crores in Amara Raja Advanced Cell Technologies during the quarter, bringing the total investment in its lithium subsidiary to INR 1,200 crores. This move aligns with the company's strategy to expand its presence in the New Energy sector.

Segment-wise Performance

Future Outlook

The company has outlined a capital expenditure plan of INR 1,400-1,500 crores for the full year, with a major allocation towards the New Energy business. ARE&M aims to increase its New Energy business contribution to 5% of overall revenue by the end of the current fiscal year and potentially 7-8% by FY'27.

Y. Delli Babu, Chief Financial Officer of Amara Raja Energy & Mobility Limited, commented on the results, stating, "We expect the Lead Acid Battery revenue to grow anywhere between 8% to 10% in the next year as well. Our aspiration is to move to a 13% EBITDA margin on a run rate basis and eventually return to our original 14% margin over time."

The company's focus on both traditional lead acid batteries and new energy solutions positions it well to capitalize on the evolving energy storage market in India and internationally.