Ather Energy Limited has successfully concluded its postal ballot process and received shareholder approval for raising funds through Qualified Institutions Placement (QIP).

Key Resolution Details

  • Resolution: Special resolution for raising funds by issue of Equity Shares through Qualified Institutions Placement
  • Amount: Up to ₹1,500 Crores in one or more tranches
  • Record Date: June 5, 2026 (Friday)
  • Total Shareholders: 227,256
  • Total Outstanding Shares: 383,120,970

Voting Results

Overall Results:

  • Total votes polled: 309,109,100 shares (80.6819% of outstanding shares)
  • Votes in favor: 309,102,492 shares (99.9979% of votes polled)
  • Votes against: 6,608 shares (0.0021% of votes polled)
  • No invalid or abstain votes

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 156,008,716
  • Votes polled: 156,008,716 shares (100.0000% of holdings)
  • 100.0000% votes in favor (156,008,716 shares)
  • 0.0000% votes against

Public Institutions:

  • Shares held: 173,547,553
  • Votes polled: 151,949,912 shares (87.5552% of holdings)
  • 100.0000% votes in favor (151,949,912 shares)
  • 0.0000% votes against

Public Non-Institutions:

  • Shares held: 53,564,701
  • Votes polled: 1,150,472 shares (2.1478% of holdings)
  • 99.4256% votes in favor (1,143,864 shares)
  • 0.5744% votes against (6,608 shares)

Scrutinizer Report Details

  • Scrutinizer: Mr. Biswajit Ghosh (FCS No.: 8750 / CP No.: 8239), Designated Partner of BMP & Co. LLP
  • Voting Period: June 15, 2026 (09:00 AM IST) to July 14, 2026 (05:00 PM IST)
  • E-voting Service Provider: National Securities Depositories Limited (NSDL)
  • Vote Unblocking: July 14, 2026 at 05:08 PM IST in presence of witnesses Ms. Ishika Basu and Ms. Hashvi Jain
  • Members Voted: 1,119 members voted in favor, 57 members voted against

Procedural Compliance

  • Postal Ballot Notice dated June 12, 2026 dispatched electronically on June 13, 2026
  • Advertisement published on June 15, 2026 as per Rule 22(3) of Companies (Management and Administration) Rules, 2014
  • Conducted under Section 110 and 108 of Companies Act, 2013 read with relevant rules and SEBI regulations
  • Notice available on company website, stock exchange websites, and NSDL e-voting portal

Financial Impact

The approval enables the company to raise up to ₹1,500 Crores through issuance of equity shares to qualified institutional buyers, which may result in dilution of existing shareholding. The exact financial impact will depend on the final issue price and number of shares issued.

Company Officials

  • Puja Aggarwal, Company Secretary & Compliance Officer (Membership No: A49310)
  • Countersigned by Company Secretary as authorized by Chairperson