Ather Energy Limited has informed the Exchange regarding Notice of Postal Ballot
ATHERENERG · price
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Awaiting price reaction for this filing.
Ather Energy has issued a Postal Ballot Notice seeking member approval through remote e-voting for two resolutions. The first is an Ordinary Resolution to reclassify its Authorised Share Capital by converting the INR 40 Crore Compulsorily Convertible Preference Shares (CCPS) component into equity shares, thereby making the entire INR 100 Crore authorised capital consist of 100 crore equity shares of INR 1 each — this is post-IPO housekeeping since all CCPS were already converted to equity during the May 2025 IPO. The second is a Special Resolution to approve and ratify the Amended and Restated Ather Energy ESOP Plan 2025, which increases the employee stock option pool from 1,82,56,428 to 2,66,56,428 options (an addition of 84 lakh options) to attract and retain talent post-listing. The e-voting window runs from July 19, 2025 to August 17, 2025, with results expected by August 19, 2025.
Both resolutions are largely administrative and expected to pass without controversy. The capital reclassification simplifies the share structure post-IPO. The ESOP pool expansion could lead to gradual equity dilution over time as options are granted and exercised, but is aimed at employee retention at this stage.