Ather Energy Issues Postal Ballot Notice for Vivek Anand's Director Appointment
Ather Energy has issued a postal ballot notice for shareholder approval of Vivek Anand's appointment as Non-Executive Non-Independent Director. The remote e-voting process runs from December 23, 2025, to January 21, 2026, with CS Pramod SM appointed as scrutinizer. Anand, who was initially appointed by the Board on November 10, 2025, brings over three decades of financial expertise across FMCG, telecom, and real estate sectors.
*this image is generated using AI for illustrative purposes only.
Ather Energy has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Vivek Anand as a Non-Executive Non-Independent Director. The company announced that shareholders will vote on this resolution through remote e-voting, with the voting period scheduled from December 23, 2025, to January 21, 2026.
Postal Ballot Process Details
The postal ballot notice, issued on December 22, 2025, seeks approval for Mr. Vivek Anand's (DIN: 06891864) appointment as a Non-Executive Non-Independent Director of the company. The resolution will be conducted exclusively through remote e-voting, with no physical postal ballot forms being distributed.
| Parameter: | Details |
|---|---|
| Voting Period: | December 23, 2025 (9:00 AM) to January 21, 2026 (5:00 PM) |
| Cut-off Date: | December 19, 2025 |
| Result Declaration: | By January 23, 2026 |
| Resolution Type: | Ordinary Resolution |
| Scrutinizer: | CS Pramod SM (F7834) or CS Biswajit Ghosh (F8750) |
Director Appointment Background
Mr. Vivek Anand was initially appointed as an Additional Director (Non-Executive Director) by the Board of Directors on November 10, 2025, based on the recommendation of the Nomination and Remuneration Committee. The current postal ballot seeks formal shareholder approval for his appointment, making him liable to retire by rotation.
Extensive Financial Expertise
Mr. Anand brings over three decades of diverse industry experience to Ather Energy. His career spans across various sectors including FMCG, Telecom, Paints, Consumer Healthcare, and Real Estate. He joined Hero MotoCorp in March 2024 to lead the finance function, bringing valuable experience from his previous roles at renowned companies such as Hindustan Unilever Limited, Unilever Singapore, Unilever Bangladesh, Telenor, GSK, and DLF.
Notable Achievements
In his previous role as Group Chief Financial Officer at DLF Ltd, Mr. Anand played a pivotal role in driving the company's growth and profitability. Under his financial leadership, DLF achieved an all-time high market capitalization of $27.00 billion, representing a 3.5x growth over four years.
Mr. Anand was also part of the lead team at GSK Healthcare during India's largest business divestment in the consumer sector, valued at $4.00 billion. This significant transaction involved the sale of heritage brands like Horlicks and Boost to Unilever, spanning operations in more than 20 countries.
Professional Qualifications and Expertise
As a Chartered Accountant, Mr. Anand possesses significant experience in both Indian and international markets. His areas of expertise include Finance, Treasury, Mergers & Acquisitions, Corporate Planning, Investor Relations, Tax Planning, Risk Management, and Information Technology.
Voting Process and Compliance
The company has engaged National Securities Depositories Limited (NSDL) to provide e-voting facilities to all members. Only shareholders whose names appear in the register of members as of the cut-off date (December 19, 2025) will be eligible to vote. The postal ballot notice has been sent electronically to members with registered email addresses and is also available on the company's website and stock exchange platforms.
Historical Stock Returns for Ather Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.89% | +2.91% | -2.97% | +29.79% | +132.95% | +132.95% |
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