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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ATHERENERG · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹307.00

prior close

₹310.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.2%+0.7% vs market

2/3 Wheelers peers, median of 5sector-2.1%+1.6% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 1.6 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+1.8

15m

+3.5

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-1.2+0.7-2.1+1.6

Next day

-2.3-1.8-0.4-2.6+0.3

+0.5+2.1-1.6+2.6-2.1

-1.0+2.9-4.0+2.8-3.9

-0.9+4.4-5.3+3.2-4.1

-1.1+5.2-6.3+6.2-7.4

+2.3+7.5-5.2+9.1-6.8

15d

+2.3+9.2-7.0+10.4-8.1

+2.1+14.0-12.0+2.3-0.2

+7.5+15.1-7.6+3.7+3.8

+39.8+7.7+32.1+4.8+35.0

UpDownMarket · Nifty Smallcap 250Sector · 2/3 Wheelers peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.