About us&nbsp;We are a pioneering EV company committed to driving the electric mobility space in India. We believe that a seamless transition to an electric world will be driven by building deeply integrated mobility ecosystems. We do that by leveraging our deep engineering capability, to build great products and experiences across the entire EV ecosystem.

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Pioneering the electric revolution in India.

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https://www.atherenergy.com/investor-relations/stock-exchange-disclosure

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You can reach out to us for more information.

Investor Relations

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March 31, 2025

June 30, 2025

September 30, 2025

December 31, 2025

March 31, 2026

Quarterly Financial Results

Financial Results March 31, 2025

Financial Results June 30, 2025

Financial Results September 30, 2025

Financial Results December 31, 2025

Financial Results March 31, 2026

Investor Presentation

Financial Results May 12, 2025

Press Release on Results

Earnings Call Q4 FY 2024-25

Earnings Call Q1 FY 2025-26

Earnings Call Q2 FY 2025-26

Earnings Call Q3 FY 2025-26

Earnings Call Q4 FY 2025-26

Audio Recording of Earnings Call

Earnings Call Transcript Q4 FY 2024-25

Earnings Call Transcript Q1 FY 2025-26

Earnings Call Transcript Q2 FY 2025-26

Earnings Call Transcript Q3 FY 2025-26

Earnings Call Transcript Q4 FY 2025-26

Earnings Call Transcript

Annual Report FY 2024-25

Annual Report FY 2023-24

Annual Report FY 2022-23

Annual Report FY 2021-22

Annual Report FY 2020-21

Annual Reports

Financial Performance

Hero FinCorp Limited

Group Company Financials

Financials

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Neelam Dhawan is the Chairperson and an Independent Director of our Company. She holds a bachelor's degree in arts (economics) from the University of Delhi and a master’s degree in business administration from the University of Delhi. She was previously associated with Hewlett-Packard Enterprise India Private Limited as vice president, solutions sales and with HP India Sales Private Limited, Hewlett-Packard India Private Limited, Microsoft Corporation (India) Private Limited as managing director. Currently she serves as an Independent Director on the Boards of Hindustan Unilever Limited, Tech Mahindra Limited, Fractal Analytics Limited, Capillary Technologies India Limited, Data Security Council of India, Delhivery Limited and as Director on the Boards of Nudge Lifeskills Foundation and Capita PLC. She has over 18 years of experience in information technology.

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Chairperson and Independent Director

Neelam Dhawan

Tarun Sanjay Mehta is one of the Promoters, is an Executive Director and the Chief Executive Officer of our Company. He has been associated with our Company since incorporation and leads operations in the product, business as well as growth front. He holds a bachelor’s and masters’ degree in technology in Engineering Design from Indian Institute of Technology, Madras under the dual degree programme. He has over 10 years of experience in the electric vehicles sector. He attended the CEO Forum (Quai d'Orsay) in Paris, France in 2023. He has received the ‘Jagdish Khattar Rising Star’ award from Acko Drive, the ‘Young Entrepreneur’ award from the All India Management Association, the ‘Keep Walking’ award from India chapter of International Advertising Association and Walkers &amp; Co, and was named in the list of ‘India 30 under 30’ by Forbes India in 2018 and in Fortune ‘40 under 40’ in 2019, 2021 and 2023.

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Executive Director and Chief Executive Officer

Tarun Sanjay Mehta

Swapnil Babanlal Jain is one of the Promoters, is an Executive Director and the Chief Technical Officer of our Company. He has been associated with our Company since incorporation and works on both the long-term technology roadmap for our Company, as well as day-to-day aspects of creating an engineering team and culture. He holds a bachelor’s and masters’ degree in technology in Engineering Design from Indian Institute of Technology, Madras under the dual degree programme. He has over 10 years of experience in the electric vehicles sector. He has received ‘Young Entrepreneur’ award from the All India Management Association and was named in the list of ‘India 30 under 30’ by Forbes India in 2018 and in Fortune ‘40 under 40’ in 2019, 2021 and 2023.

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Executive Director and Chief Technical Officer

Swapnil Babanlal Jain

Ram Kuppuswamy is a Non-executive Director of our Company and a nominee of HMCL on our Board. He has been associated with our Company since January 27, 2023. He holds a bachelor’s degree in engineering from Madurai Kamaraj University and a post-graduate diploma in management from the Indian Institute of Management, Ahmedabad. He was previously associated with Bharti Airtel Limited and VMWare Singapore Pte. Ltd. He is currently designated as the chief operations officer -manufacturing of HMCL. He has over nine years of experience in supply chain management, logistics and customer fulfilment.

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Non-executive Director

Ram Kuppuswamy

Pankaj Sood is a Non-executive Director of our Company. He has been associated with our Company since November 11, 2022. He holds a bachelor’s degree in chemical engineering from Indian Institute of Technology, Kharagpur and a post-graduate diploma in computer aided management from Indian Institute of Management, Kolkata. He was previously associated with Kotak Mahindra Capital Company Limited, Ernst &amp; Young and SBI Capital Markets. He is currently employed by GIC in the Global Leadership Group. He has over 25 years of experience in finance, advisory and capital markets. Currently he is a Nominee Director on the Boards of Aditya Birla Fashion and Retail Limited, Bandhan Financial Holdings Limited and Bandhan Financial Services Limited and Director on the Boards of Spore Investment Management (India) Private Limited and Mphasis Limited and Whole-time Director on the Board of Singapore Investcorp (India) Private Limited and Director on the Board of Aditya Birla Lifestyle Brands Limited.

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Pankaj Sood

Kaushik Dutta is an Independent Director of our Company. He is a fellow member of the Institute of Chartered Accountants of India and a co-founder of Thought Arbitrage Research Institute, an independent not-for-profit research think tank working in areas of corporate governance and sustainability. He was also associated with Price Waterhouse &amp; Co Chartered Accountants, LLP, and Lovelock &amp; Lewes, Chartered Accountants as Partner for over 16 years. He was engaged as an expert on corporate governance by the Indian Institute of Corporate Affairs of the Ministry of Corporate Affairs in matters relating to future of corporate governance in India, was engaged as a consultant by the Serious Fraud Investigation Office, MCA and was a member of the Task Force to lay down the Criteria for Selection of the Strategic Partners for Various Platforms from the Private Sector Industry. He has over 25 years of experience in governance, policy and audit. Currently he serves as an Independent Director on the Boards of PB Fintech Limited, Eternal Limited, Zinka Logistics Solutions Limited, Hero FinCorp Limited, Shiprocket Limited, Paisabazaar Marketing and Consulting Private Limited, Resilient Innovations Private Limited, Blink Commerce Private Limited and as Director on the Board of Thought Arbitrage Research Institute.

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Independent Director

Kaushik Dutta

Sanjay Nayak is an Independent Director of our Company. He has been associated with our Company since August 27, 2024. He holds a bachelor’s degree in science (engineering) from Birla Institute of Technology, Ranchi University and a master’s degree in science from North Carolina State University, Raleigh. He was previously associated with Tejas Networks Limited as its managing director and chief executive officer. He has over 23 years of industry experience and has expertise in electronics and telecommunications. Currently he serves as an Independent Director on the Board of Epic Electronics Products Foundation and as Director on the Board of Shramol Technologies Private Limited and IIMBx Digital Learning Foundation.

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Sanjay Nayak

Mr. Vivek Anand is a finance professional with over three decades of diverse industry experience in FMCG, Telecom, Paints, Consumer Healthcare and Real Estate. He joined Hero MotoCorp in March 2024 to spearhead the finance function.&nbsp;&nbsp;He has worked with Hindustan Unilever Limited, Unilever Singapore, Unilever Bangladesh, Telenor, GSK and DLF. In his previous role as Group Chief Financial Officer at DLF Ltd based in Gurugram, Mr. Vivek instilled a culture of performance into the Company and was instrumental in driving growth and profitability while steering the Company to an all-time high market cap of $27Bn (3.5x growth in 4 years).&nbsp;&nbsp;In his earlier role, Mr. Vivek was part of the lead team at GSK Healthcare during India's largest business divestment in the consumer sector valued at $4Bn. This involved divestment of HFD business to Unilever, involving sale of heritage brands like Horlicks and Boost sold in more than 20 countries.&nbsp;&nbsp;A Chartered Accountant, Mr. Vivek has significant experience in Indian and international markets with a strong acumen in Finance, Treasury, Mergers &amp; Acquisitions, Corporate Planning, Investor Relations, Tax Planning, Risk Management and Information Technology.&nbsp;&nbsp;Currently he serves as Director on the Board of HMC MM Auto Limited.

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Vivek Anand

Board of Directors

&nbsp;<ol style="list-style-type:decimal;"><li>Mr. Kaushik Dutta, Independent Director - Chairperson &nbsp;</li><li>Ms. Neelam Dhawan, Independent Director - Member &nbsp;</li><li>Mr. Ram Kuppuswamy, Non-executive Director - Member</li></ol>

Audit Committee

&nbsp;<ol style="list-style-type:decimal;"><li>Mr. Sanjay Nayak, Independent Director - Chairperson &nbsp;</li><li>Ms. Neelam Dhawan, Independent Director - Member &nbsp;</li><li>Mr. Pankaj Sood, Non-executive Director - Member</li></ol>

Nomination and Remuneration Committee

&nbsp;<ol style="list-style-type:decimal;"><li>Ms. Neelam Dhawan, Independent Director - Chairperson &nbsp;</li><li>Mr. Sanjay Nayak, Independent Director - Member &nbsp;</li><li>Mr. Tarun Sanjay Mehta, Executive Director - Member</li></ol>

Stakeholder Relationship Committee

&nbsp;<ol style="list-style-type:decimal;"><li>Mr. Kaushik Dutta, Independent Director - Chairperson &nbsp;</li><li>Mr. Swapnil Babanlal Jain, Executive Director - Member &nbsp;</li><li>Mr. Ram Kuppuswamy, Non-executive Director - Member</li></ol>

Risk Management Committee

Board Committees

Ather Energy ESOP Plan

Code of conduct for Directors and Senior Management

Code of conduct for regulating, monitoring and reporting of trading by insiders

Code of practices and procedures for fair disclosures of UPSI and determination of legitimate purpose

Corporate social responsibility policy

Dividend distribution policy

Familiarisation program

Materiality policy

Memorandum of Association and Articles of Association

Nomination and remuneration policy

Policy for determining material subsidiaries

Policy for inquiry in case of leak of UPSI

Policy for preservation of documents and archival policy

Policy on dealing with related party transactions

Policy on determination of materiality of events or information

Policy on Evaluation of Board

Risk management policy

Terms and conditions of appointment of independent directors

Whistle blower policy

Policies & Documents

12th AGM Notice

Annual Return FY 2024-25

ESOP Disclosure FY 2024-25

Secretarial Compliance Report FY 2024-25

Proceedings of 12th AGM

Voting results and Scrutinizer’s Report of 12th AGM

Transcript of 12th AGM

11th AGM Notice

Annual Return FY 2023-24

Transcript of 11th AGM

10th AGM Notice

Annual Return FY 2022-23

9th AGM Notice

Annual Return FY 2021-22

Annual Return FY 2020-21

Annual General Meeting

FY 2024-25

FY 2023-24

FY 2022-23

FY 2021-22

FY 2020-21

Annual Returns

Postal Ballot Notice July 17, 2025

Postal Ballot Outcome August 18, 2025

Postal Ballot Notice December 19, 2025

Postal Ballot Outcome January 21, 2026

Postal Ballot Notice June 13, 2026

Postal Ballot

FY 2025-26

Secretarial Compliance Report

Online resolution of disputes in Indian Securities Market

Important shareholder Information

Governance

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As part of our commitment to transparency, we have previously commissioned impact reports in partnership with Aspire Impact, under the proprietary 4P framework which assessed our Company’s impact across Product, Planet, People and Policy. We have consistently received a rating of Gold Leaf.

Impact Report 2024

Impact Report 2021

Impact Report 2020

Impact Reports

Sustainability Report 2025

Sustainability Report

We are exploring battery chemistries and motor technologies that do not contain any rare-earth magnets which will aid our supply chain to be more resilient and less carbon intense, while also avoiding the negative externalities associated with mining rare-earth minerals.

Developing Technologies

Ather owners have collectively saved approximately ₹6.0 billion in petrol costs, and avoided more than 71 million tonnes of CO2 from January 2023 to June 2024.&nbsp;Our sustainable manufacturing initiatives include paper-based packaging, renewable energy, air pollution control and zero-sewage discharge.&nbsp;&nbsp;<ul style="list-style-type:disc;"><li>We have adopted green packaging and reusable packaging such as water-based paper tapes, paper pouches, paper bubble, shredded carton waste used as cushion/fillers, velcro straps, biodegradable packaging sheets, and recycled paper. &nbsp;</li><li>13% of our current manufacturing capacity energy needs were powered by solar panels installed on-site in our Hosur Factory. &nbsp;</li><li>The implementation of ISO 14001 environmental management system has led to optimisation of energy consumption through various energy-saving projects.</li></ul>

Sustainable Practices

Mitigating the Impact on Environment

Think As A Species™ is our culture collective that serves as a building block for our thoughts, actions, and working ways. Under the umbrella of TAAS™, we have five values whose wisdom we turn to in defining who we are, the way we work and the way we aspire to conduct our business:&nbsp;1) Know your true north.&nbsp;2) Move fast and don’t break things.&nbsp;3) Always be closing.&nbsp;4) None of us is as smart as all of us.&nbsp;5) Be nice.

Weaving Culture, One Strand at a Time

Our employee benefits include 1-6 months of sabbatical leave once every two years, child adoption/surrogacy leave, miscarriage leave, and volunteering leave. Our medical insurance policy coverage extends to domestic (live-in) partners as well.

Benefits

Our Learning Assistance Policy encourages employees to pursue deeper knowledge in their domain for enhanced contribution to current and future roles. We offer compliance, technical, leadership and behavioural training programs to aid in the holistic development of our employees.

Learning Opportunities

<ul style="list-style-type:disc;"><li>We have fostered a healthy, safe and inclusive work environment for our employees as demonstrated by the annualised retention rate of 82%.&nbsp; &nbsp;</li><li>We were recognised with the Marksmen Daily’s award as the Most Preferred Workplace (Manufacturing Edition) in 2024.&nbsp; &nbsp;</li><li>Our diversity, equity and inclusion efforts are carried out under the umbrella of Mosaic. We have conducted interventions such as an awareness session on PCOS, and an art workshop by a differently-abled artist.&nbsp; &nbsp;</li><li>We are an equal opportunities provider, and we aim to promote and safeguard the equality, fairness, dignity and social inclusion of persons with disabilities, HIV &amp; AIDS and people identifying themselves as a part of the LGBTQIA+ community at Ather.&nbsp; &nbsp;</li><li>In 2023, we were awarded the Top 25 Safest Workplaces in India by kelpHR PoSH Awards. We have zero-tolerance for sexual harassment.</li></ul>

Building an Inclusive Workplace

Guided by our CSR policy, we have engaged in various social activities such as supporting children from migrant families at a polio vaccination drive, donating immediate food needs to families in the cyclone Michaung flood response and raising awareness on the effect of single-use plastics and distribution of reusable cloth bags to children.&nbsp;&nbsp;We strive to engage with our community to educate them about the EV space and its possibilities.&nbsp;&nbsp;<ul style="list-style-type:disc;"><li>Our initiatives towards this include open houses, Ather Community Day, Wheee camps, and PluggedIn. &nbsp;</li><li>Through the Ather Vantage community, we collaborate with university students and other communities on tech competitions and open knowledge-sharing sessions on aspects of building an electric ecosystem.</li></ul>

The Communities We Operate In

Our live location sharing feature addresses concerns for personal safety, particularly for women, whilst technologies such as traction control, Emergency Stop Light and Fall Safe™ ensure that our customers avoid unnecessary accidents. Our Halo™ and Halo Bit™ smart helmets, coupled with onboard navigation on our scooters, discourage the use of phones while riding.

Safety First, Always

Investing in Talent and Community

Environment Clearance

Six-Monthly EC Compliance Report (April 2025 - September 2025)

Factory 3.0

Our Company adopts a robust approach to corporate governance in order to create long-term stakeholder value for our promoters, shareholders, employees and community.&nbsp;&nbsp;<ul style="list-style-type:disc;"><li class="ck-list-marker-color" style="--ck-content-list-marker-color:hsl(216,10%,40%);" data-list-item-id="e44916cfc7fbcd9c5f1c747c7548cb577">Our board consists of 8 directors, including 3 independent directors.&nbsp; &nbsp;</li><li class="ck-list-marker-color" style="--ck-content-list-marker-color:hsl(216,10%,40%);" data-list-item-id="ed0e9690d4a37f77004f1c77d77b61243">Single-company structure - led by Tarun Mehta and Swapnil Jain, and a tenured senior leadership team - ensures transparency and a simple governance structure. &nbsp;</li><li class="ck-list-marker-color" style="--ck-content-list-marker-color:hsl(216,10%,40%);" data-list-item-id="ecafd9be8babc47b4e2582355ca242faf">Our board consists of audit, risk, nomination, corporate social responsibility, initial public offering, and remuneration and stakeholder relations committees.</li></ul>

Our Leadership and Investors

We practice a zero-tolerance approach to bribery, corruption and fraud.&nbsp;&nbsp;<ul style="list-style-type:disc;"><li>The Anti-bribery and Anti-corruption, Anti-Fraud and Fraud Reporting, and Whistleblower policies &nbsp;provide frameworks for ensuring compliance with legislations governing bribery, corruption, and fraud, and enables all stakeholders to report misconducts on a strictly confidential basis.&nbsp; &nbsp;</li><li>Our Code of Ethics, which aligns with our values system, Think As A Species™, covers a range of matters including the handling of conflicts of interest, regulatory compliance issues and providing equal opportunities.</li></ul>