Date: September 21, 2026
Subsidiary Incorporation
Ather Energy Limited has incorporated a wholly owned subsidiary in Hong Kong named "Ather Energy Hong Kong Limited" on September 21, 2026. This follows the Board's decision communicated on February 02, 2026.
Subsidiary Details
- Country of Incorporation: Hong Kong
- Date of Incorporation: September 21, 2026
- Relationship with Listed Entity: Wholly Owned Subsidiary
- Industry: Automotive industry
- Primary Objective: To support the Company's critical procurement functions and enhance supply chain resilience within the Asia-Pacific (APAC) region
Investment Details
- Consideration Type: Cash consideration
- Share Subscription: 16,50,000 Ordinary shares at HKD 1 per share
- Total Investment: HKD 1,650,000
- Ownership: 100% control by Ather Energy Limited
Regulatory Aspects
- Governmental/Regulatory Approvals Required: None
- Disclosure Compliance: Made under Regulation 30 of SEBI Listing Regulations, read with Part A of Schedule III of the SEBI Listing Regulations and relevant SEBI Circulars