Ather Energy Merger & Restructuring Worth ₹2.02 Cr
Ather Energy Limited is incorporating a wholly-owned subsidiary, Ather Energy Hong Kong Limited, for Rs.2.02 Crore. The entity will support supply chain procurement in the APAC region.
Ather Energy Limited incorporated a new Wholly Owned Subsidiary, 'Ather Energy Hong Kong Limited', in Hong Kong to support its Asia-Pacific procurement functions.
Ather Energy allotted 4,84,551 equity shares to eligible employees under its ESOP 2025 Plan, thereby increasing the company's total paid-up share capital.
Ather Energy launched its new electric scooter, Konarc, featuring advanced features and a starting price of ₹99,999. Deliveries are scheduled to commence in mid-September.
Ather Energy allotted 16.26 lakh equity shares to India-Japan Fund via a preferential issue. This capital expansion increases the company's total equity share count.
Ather Energy Limited allots 16.26 lakh equity shares and 79.37 lakh convertible warrants via preferential issue, raising approximately ₹1,199.98 Crore.
Ather Energy Limited held its 13th Annual General Meeting on August 19, 2026. Shareholders discussed the adoption of financial statements and re-appointment of directors and auditors.
Ather reported Q1 FY27 results with 81% wholesale volume growth and its first-ever positive EBITDA of ₹9 crore (0.8% margin). The company is scaling capacity to 14.2 lakh units via the new AURIC factory.
Ather Energy issued a corrigendum to its EGM notice, clarifying that the proposed marketing expenditure is now ₹275 Crore, up from the previously stated ₹125 Crore.