Date: May 27, 2026
Subsidiary Incorporation
Ather Energy Limited has incorporated a wholly owned subsidiary named \"Ather Insurance Limited\" on May 27, 2026. This follows the company's previous intimation dated December 19, 2025, regarding the Board's decision to incorporate this subsidiary.
Business Purpose
The subsidiary is incorporated with the primary objective of offering and facilitating insurance policies in the capacity of Corporate Agent. The entity belongs to the insurance industry specifically operating as a Corporate Agent.
Financial Details
- Ather Energy Limited subscribed to 100% of the initial paid-up share capital of the WOS in cash
- Shares were subscribed at face value of INR 10 per share
- The listed entity maintains 100% control as a Wholly Owned Subsidiary
Regulatory Requirements
- No governmental or regulatory approvals were required for the incorporation itself
- The Company shall obtain necessary approvals from Insurance Regulatory and Development Authority of India (\"IRDAI\") prior to commencement of business
Corporate Structure
- Holding Company: Ather Energy Limited
- Relationship: Wholly Owned Subsidiary
- Country of incorporation: India
Compliance Information
This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III of the SEBI Listing Regulations and relevant SEBI Circulars.