Meeting Details

The 13th Annual General Meeting (AGM) of the Company was held on August 19, 2026 through Video Conferencing (VC) in compliance with circulars issued by Ministry of Corporate Affairs (MCA), Securities and Exchange Board of India (SEBI) and other applicable provisions of the Companies Act, 2013.

Proposed Resolutions and Implications

Four resolutions were proposed and passed:

1. Ordinary Resolution: To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.

2. Ordinary Resolution: To appoint a director in place of Mr. Ram Kuppuswamy (DIN: 09817635), who retires by rotation and being eligible, offers himself for reappointment.

3. Ordinary Resolution: Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company.

4. Special Resolution: Extension of the benefits of 'Amended and Restated Ather Energy ESOP Plan 2025' to the employees of subsidiary companies.

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting commenced on Sunday, August 16, 2026 at 9:00 a.m. (IST) and ended on Tuesday, August 18, 2026 at 5:00 p.m. (IST)
  • E-voting facility at the AGM for shareholders present through VC/OAVM who had not cast their vote earlier
  • Cut-off date for eligibility: Wednesday, August 12, 2026
  • E-voting facility provided by National Securities Depository Limited (NSDL)

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 288,565,115 shares
  • In favor: 288,565,115 shares (100.0000%)
  • Against: 139 shares (Negligible)
  • Invalid votes: 0

Resolution 2: Reappointment of Director

  • Total votes cast: 288,565,008 shares
  • In favor: 285,413,961 shares (98.9080%)
  • Against: 3,151,047 shares (1.0920%)
  • Invalid votes: 0

Resolution 3: Reappointment of Auditors

  • Total votes cast: 288,565,158 shares
  • In favor: 288,564,721 shares (99.9998%)
  • Against: 437 shares (0.0002%)
  • Invalid votes: 0

Resolution 4: ESOP Plan Extension

  • Total votes cast: 288,565,158 shares
  • In favor: 249,493,675 shares (86.4601%)
  • Against: 39,071,483 shares (13.5399%)
  • Invalid votes: 0

Participation Breakdown by Shareholder Category

Resolution 1:

  • Promoter & Promoter Group: 156,008,716 votes (100.00% in favor)
  • Public Institutions: 132,447,730 votes (100.00% in favor)
  • Public Non-Institutions: 108,808 votes (99.87% in favor, 0.13% against)

Resolution 2:

  • Promoter & Promoter Group: 156,008,716 votes (100.00% in favor)
  • Public Institutions: 132,447,730 votes (97.62% in favor, 2.38% against)
  • Public Non-Institutions: 108,562 votes (99.58% in favor, 0.42% against)

Resolution 3:

  • Promoter & Promoter Group: 156,008,716 votes (100.00% in favor)
  • Public Institutions: 132,447,730 votes (100.00% in favor)
  • Public Non-Institutions: 108,712 votes (99.59% in favor, 0.41% against)

Resolution 4:

  • Promoter & Promoter Group: 156,008,716 votes (100.00% in favor)
  • Public Institutions: 132,447,730 votes (100.00% in favor)
  • Public Non-Institutions: 108,712 votes (99.98% in favor, 0.02% against)

Scrutinizer's Role and Findings

Biswajit Ghosh (Membership No.: F8750/CP No.: 8239), Designated Partner of BMP & Co. LLP, Practicing Company Secretaries, was appointed as Scrutinizer. Key findings:

  • Votes were unblocked on August 19, 2026 at 1:01 p.m. (IST) in presence of two witnesses
  • Witnesses: Ms. Aryushi Agarwal and Ms. Hashvi Jain (both from 4th Floor, Aishwarya Sampurna, 79/1, Vani Vilas Road, Basavanagudi, Bengaluru)
  • All resolutions passed with requisite majority
  • Figures in percentage rounded off to 4 decimal points
  • Register and relevant records handed over to Company Secretary for safe keeping

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 14/2020 and subsequent circulars including General Circular 03/2025
  • Secretarial Standards on General Meetings (SS-2)