Ather Energy Limited has informed the Exchange regarding Resignation of Mr Niranjan Kumar Gupta as Non- Executive Director of the company w.e.f. May 06, 2025.
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Ather Energy informed the exchanges that Mr. Niranjan Kumar Gupta, a Non-Executive Director and nominee of Hero MotoCorp, resigned from the board with effect from May 6, 2025. The resignation is linked to his earlier exit as CEO of Hero MotoCorp, where his last working day was April 30, 2025. Hero MotoCorp has appointed Mr. Vikram Kasbekar as Acting CEO in his place. Ather Energy confirmed that the board composition continues to meet all applicable regulatory requirements after his departure.
This is a routine nominee director change with no disruption to Ather's leadership, as Mr. Gupta held no executive or KMP role at Ather. Shareholders are unlikely to see a material impact on the stock, since the change reflects Hero MotoCorp's own leadership transition rather than any issue at Ather.