Ather Energy has received board approval for the incorporation of a wholly owned subsidiary (WOS) focused on insurance corporate agent business. The board meeting held on December 19, 2025, formally approved this strategic expansion with an initial investment commitment of up to ₹8.00 crores.

Board Meeting and Regulatory Compliance

The board of directors meeting commenced at 12:20 PM (IST) and concluded at 1:20 PM (IST) on December 19, 2025. The company has intimated both NSE and BSE about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Structure and Operations

The proposed WOS will be incorporated as a company limited by shares under the Companies Act, 2013. The subsidiary will operate in the capacity of a corporate agent, offering and facilitating insurance policies to leverage Ather Energy's existing customer base.

Required Regulatory Approvals

The incorporation process requires two key approvals:

• Approval for incorporation from the Registrar of Companies (ROC) under the Companies Act, 2013
• Approval from Insurance Regulatory and Development Authority of India (IRDAI)

Strategic Benefits and Revenue Diversification

The insurance subsidiary is expected to deliver multiple strategic advantages for Ather Energy. The company anticipates diversification of revenue streams by leveraging its existing customer base to create recurring revenue opportunities.

The estimated initial investment of up to ₹8.00 crores demonstrates a measured approach to this expansion, with potential for further investments subject to operational scale-up. This strategic move positions Ather Energy to offer comprehensive services while maintaining focus on its core electric vehicle operations.

Ather Energy , a prominent player in the electric vehicle industry, has taken a significant step to enhance employee ownership and engagement. The company recently announced the allotment of equity shares under its Employee Stock Option Plan (ESOP), demonstrating its commitment to aligning employee interests with the company's growth.

Key Highlights of the ESOP Allotment

Impact on Company Structure

The Board of Directors of Ather Energy Limited has approved the allotment of 7,69,375 equity shares, each with a face value of Rs. 1, to eligible ESOP holders who exercised their stock options under the Ather Energy ESOP 2025 Plan. This move has led to an increase in the company's paid-up share capital from Rs. 38,06,37,934 to Rs. 38,14,07,309.

Implications for Shareholders

The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects. This means that the new shares will have equal rights in terms of voting, dividends, and other corporate benefits as the existing shares.

Conclusion

This ESOP allotment by Ather Energy reflects the company's strategy to incentivize and retain talent while fostering a sense of ownership among its employees. Such initiatives often aim to align the interests of employees with those of the company and its shareholders, potentially leading to increased motivation and long-term value creation.