Ather Energy Limited has informed the Exchange regarding Notice of Postal Ballot
ATHERENERG · price
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Ather Energy Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting on two key resolutions. The first is an ordinary resolution to reclassify the company's Authorised Share Capital by converting Compulsorily Convertible Preference Shares (CCPS) into a resultant number of equity shares, along with corresponding changes to the Capital Clause of the Memorandum of Association. The second is a special resolution to approve and ratify the 'Amended and Restated Ather Energy ESOP Plan 2025'. The cut-off date for eligible members is July 17, 2025, with e-voting running from July 19, 2025 to August 17, 2025. Results will be declared by August 19, 2025, with NSDL facilitating the e-voting process.
Shareholders should review both resolutions carefully — the CCPS-to-equity reclassification may impact the share capital structure and dilution, while the amended ESOP Plan could affect future equity dilution from employee stock options.