Ather Energy Limited announced today, June 12, 2026, that its Board of Directors has approved a significant fund-raising initiative. The company plans to raise up to INR 2,500 Crores through a combination of qualified institutions placement and issuance of equity shares and/or foreign currency convertible bonds (FCCBs) or other eligible instruments. A dedicated Fund Raise Committee has been constituted to oversee this process.
Ather Energy Secures Board Approval for Major Fund Raise
In a significant development for Ather Energy Limited, the company’s Board of Directors, in their meeting held on June 12, 2026, has given the go-ahead for a substantial fund-raising plan. The approved initiative aims to raise capital up to an aggregate of INR 2,500 Crores. This strategic move is intended to fuel the company’s growth and expansion initiatives.
Fund Raising Structure
The total fund raise will be structured in two primary tranches, subject to necessary regulatory and shareholder approvals:
- Qualified Institutions Placement (QIP): Up to an aggregate amount not exceeding INR 1,500 Crores will be raised through a qualified institutions placement of equity shares. The terms and conditions for this placement will be determined by the Board at its discretion.
- Other Securities Issuance: An amount of up to INR 1,000 Crores can be raised through the issuance of equity shares and/or foreign currency convertible bonds (FCCBs), or any other permissible instruments. These securities can be denominated in Rupees or foreign currencies and may be issued via preferential issue, rights issue, or other legally permitted methods.
Dedicated Committee Formed
To manage the intricacies of this proposed fund raise, the Board of Directors has established a specialized Fund Raise Committee. This committee will be responsible for addressing all matters pertaining to the fund-raising process, ensuring efficient and compliant execution.
Additional Information Provided
As per the requirements stipulated under Schedule III Part A of the SEBI Listing Regulations, read in conjunction with the SEBI Master Circular dated January 30, 2026, Ather Energy Limited has provided detailed information in an annexure to this letter. This includes the type of securities proposed to be issued, the modes of issuance, and the total amount anticipated from the issuance.
Board Meeting Details
The Board Meeting that culminated in these approvals commenced at 6:00 PM (IST) and concluded at 9:30 PM (IST) on June 12, 2026. A Postal Ballot Notice will be issued subsequently to seek member approval for the qualified institutions placement component, in accordance with SEBI Listing Regulations.
Source: BSE
