Ather Energy has unveiled an ambitious retail expansion strategy, planning to launch 700 stores across the country during the current fiscal year. This significant expansion represents a major step in the electric vehicle manufacturer's growth trajectory and market penetration efforts.

Aggressive Retail Expansion Strategy

The company's plan to establish 700 new stores nationwide demonstrates its commitment to enhancing customer accessibility and strengthening its retail network. This expansion initiative is expected to significantly boost the company's market presence across various regions.

Financial Performance Targets

Ather Energy is targeting substantial improvements in its financial metrics, particularly focusing on EBITDA enhancement. The company aims to achieve a remarkable 1,400 basis points improvement in EBITDA during Q1-Q3 FY26.

Strategic Growth Focus

The planned store expansion aligns with the company's broader strategy to capture a larger share of the growing electric vehicle market. By increasing its physical retail presence, Ather Energy aims to improve customer experience and drive sales growth across multiple markets.

The targeted EBITDA improvement of 1,400 basis points for the first three quarters of FY26 surpasses the 1,300 basis points improvement achieved for the entire FY25, indicating the company's confidence in its operational efficiency and market strategy.

Ather Energy Limited has announced the allotment of 4,94,266 equity shares to eligible Employee Stock Option Plan (ESOP) holders who exercised their stock options under the Ather Energy ESOP 2025 Plan. The Board of Directors approved this allotment during their meeting held on February 02, 2026.

Share Capital Enhancement

The allotment has resulted in an increase in the company's paid-up share capital, reflecting the exercise of stock options by eligible employees. The newly issued shares carry a face value of Rs. 1/- each and will rank pari-passu with existing equity shares, ensuring equal rights and privileges for all shareholders.

ESOP Allotment Details

The allotment represents the successful exercise of stock options by employees under the company's structured employee incentive program. The shares were issued as part of the Ather Energy ESOP 2025 Plan, demonstrating the company's commitment to employee participation in its growth.

Regulatory Compliance and Disclosure

The company has fulfilled all requisite disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was communicated to both the National Stock Exchange of India Limited (NSE Symbol: ATHERENERG) and BSE Limited (Scrip Code: 544397) on the same day. Company Secretary and Compliance Officer Puja Aggarwal digitally signed the disclosure documents, confirming adherence to all statutory requirements and ensuring transparency in the allotment process.