Integrated Filing — IndAS
General information about company
| Scrip Code |
544397 |
| NSE Symbol |
ATHERENERG |
| MSEI Symbol |
NOTLISTED |
| ISIN |
INE0LEZ01016 |
| Name of company |
ATHER ENERGY LIMITED |
| Type of company |
Main Board |
| Class of security |
Equity |
| Date of start of financial year |
01-04-2026 |
| Date of end of financial year |
31-03-2027 |
| Date of board meeting when results were approved |
26-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed
to the exchange |
16-10-2026 |
| Description of presentation currency |
INR |
| Level of rounding used in financial results |
Lakhs |
| Reporting Type |
Quarterly |
| Reporting Quarter |
Second quarter |
| Nature of report standalone or consolidated |
Standalone |
| Whether results are audited or unaudited for the quarter ended |
Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended |
Unaudited |
| Segment Reporting |
Single segment |
| Description of single segment |
Automotive Segment |
| Start date and time of board meeting |
26-10-2026 09:10:00 |
| End date and time of board meeting |
26-10-2026 14:15:00 |
| Whether cash flow statement is applicable on company |
Yes |
| Type of cash flow statement |
Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Declaration of unmodified opinion |
| Whether the company has any related party? |
Yes |
| Whether the company has entered into any Related Party transaction during the selected
half year for which it wants to submit disclosure? |
Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance
Company are at the terms uniformly applicable/offered to all shareholders/public |
NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. |
NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? |
No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23
(9), i.e., submitting RPT disclosures on the day of results publication? |
|
| (b) If answer to above question is No, please explain the reason for not complying. |
|
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of
SEBI LODR) has been uploaded on the website of the Company? |
Yes |
| Latest Date on which RPT policy is updated |
02-02-2026 |
| Indicate Company website link for updated RPT policy of the Company |
https://media.atherenergy.com/RPT-policy-2025.pdf |
| Whether statement on deviation or variation for proceeds of public issue, rights issue,
preferential issue, qualified institutions placement etc. is applicable to the company for the
current quarter? |
Yes |
| No. of times funds raised during the quarter |
3 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the
entity? |
No |
| There are no defaults on Loans and Debt Securities for the quarter and half year ended September 30, 2026. |
Financial Results Ind-AS
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Standalone |
Standalone |
| 1 |
Income |
|
Revenue from operations |
1,46,424.00 |
2,68,116.00 |
|
Other income |
6,267.00 |
10,540.00 |
|
Total income |
1,52,691.00 |
2,78,656.00 |
| 2 |
Expenses |
| (a) |
Cost of materials consumed |
1,17,657.00 |
2,13,389.00 |
| (b) |
Purchases of stock-in-trade |
4,898.00 |
8,192.00 |
| (c) |
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(6,550.00) |
(7,833.00) |
| (d) |
Employee benefit expense |
12,063.00 |
23,880.00 |
| (e) |
Finance costs |
2,601.00 |
4,758.00 |
| (f) |
Depreciation, depletion and amortisation expense
|
4,680.00 |
8,574.00 |
| (f) |
Other Expenses |
| 1 |
Advertisement and marketing |
3,652.00 |
5,815.00 |
| 2 |
tFreight and carriage outwards |
2,377.00 |
4,176.00 |
| 3 |
Others |
11,163.00 |
22,642.00 |
|
Total other expenses |
17,192.00 |
32,633.00 |
|
Total expenses |
1,52,541.00 |
2,83,593.00 |
| 3 |
Total profit before exceptional items and tax |
150.00 |
(4,937.00) |
| 4 |
Exceptional items |
0.00 |
0.00 |
| 5 |
Total profit before tax |
150.00 |
(4,937.00) |
| 6 |
Tax expense |
|
| 7 |
Current tax |
0.00 |
0.00 |
| 8 |
Deferred tax |
0.00 |
0.00 |
| 9 |
Total tax expenses |
0.00 |
0.00 |
| 10 |
Net movement in regulatory deferral account balances related to profit or loss and
the related deferred tax movement |
0.00 |
0.00 |
| 11 |
Net Profit Loss for the period from
continuing operations |
150.00 |
(4,937.00) |
| 12 |
Profit (loss) from discontinued operations before tax |
0.00 |
0.00 |
| 13 |
Tax expense of discontinued operations |
0.00 |
0.00 |
| 14 |
Net profit (loss) from discontinued
operation after tax |
0.00 |
0.00 |
| 15 |
Share of profit (loss) of associates and joint ventures accounted for using equity
method |
0.00 |
0.00 |
| 16 |
Total profit (loss) for period |
150.00 |
(4,937.00) |
| 17 |
Other comprehensive income net of taxes |
237.00 |
237.00 |
| 18 |
Total Comprehensive Income for the period |
387.00 |
(4,700.00) |
| 19 |
Total profit or loss, attributable to
|
|
|
|
Profit or loss, attributable to owners of parent |
|
|
|
Total profit or loss, attributable to non-controlling interests |
|
|
| 20 |
Total Comprehensive income for the period attributable to |
|
|
|
Comprehensive income for the period attributable to owners of parent |
|
|
|
Total comprehensive income for the period attributable to owners of parent non-controlling
interests |
|
|
| 21 |
Details of equity share capital |
|
|
Paid-up equity share capital |
3,966.00 |
3,966.00 |
|
Face value of equity share capital |
1 |
1 |
| 27 |
Details of debt securities |
|
| 22 |
Reserves excluding revaluation reserve |
|
|
| 23 |
Earnings per share |
|
| i |
Earnings per equity share for continuing operations |
|
|
Basic earnings (loss) per share from continuing operations |
0.04 |
-1.27 |
|
Diluted earnings (loss) per share from continuing operations |
0.04 |
-1.27 |
| ii |
Earnings per equity share for discontinued operations |
|
|
Basic earnings (loss) per share from discontinued operations |
0 |
0 |
|
Diluted earnings (loss) per share from discontinued operations |
0 |
0 |
| ii |
Earnings per equity share |
|
|
Basic earnings (loss) per share from continuing
and discontinued operations |
0.04 |
-1.27 |
|
Diluted earnings (loss) per share from
continuing and discontinued operations |
0.04 |
-1.27 |
| 24 |
Debt equity ratio |
|
|
| 25 |
Debt service coverage ratio |
|
|
| 26 |
Interest service coverage ratio |
|
|
| 27 |
Disclosure of notes on financial results |
|
Remarks
Statement of Asset and Liabilities
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-04-2026 |
| Date of end of reporting period |
30-09-2026 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Standalone |
|
Assets |
| 1 |
Non-current assets |
|
Property, plant and equipment |
54,256.00 |
|
Capital work-in-progress |
47,169.00 |
|
Investment property |
0.00 |
|
Goodwill |
0.00 |
|
Other intangible assets |
32,551.00 |
|
Intangible assets under development |
11,875.00 |
|
Biological assets other than bearer plants |
0.00 |
|
Investments accounted for using equity method |
0.00 |
|
Non-current financial assets |
|
|
Non-current investments |
450.00 |
|
Trade receivables, non-current |
0.00 |
|
Loans, non-current |
0.00 |
|
Other non-current financial assets |
|
| 1 |
Other financial assets |
69,671.00 |
|
Total of other non-current financial assets |
69,671.00 |
|
Total non-current financial assets |
70,121.00 |
|
Deferred tax assets (net) |
0.00 |
|
Other non-current assets |
|
| 1 |
Other non-current assets |
33,151.00 |
|
Total of other non-current assets |
33,151.00 |
|
Total non-current assets |
2,49,123.00 |
| 2 |
Current assets |
|
|
Inventories |
40,275.00 |
|
Current financial asset |
|
|
Current investments |
1,12,887.00 |
|
Trade receivables, current |
2,731.00 |
|
Cash and cash equivalents |
36,465.00 |
|
Bank balance other than cash and cash equivalents |
1,52,340.00 |
|
Loans, current |
15.00 |
|
Other current financial assets |
|
|
Total of other current financial assets |
52,800.00 |
|
Total current financial assets |
3,57,238.00 |
|
Current tax assets (net) |
697.00 |
|
Other current assets |
|
| 1 |
Other current assets |
47,838.00 |
|
Total of other current assets |
47,838.00 |
|
Total current assets |
4,46,048.00 |
| 3 |
Non-current assets classified as held for sale |
0.00 |
| 4 |
Regulatory deferral account debit balances and related deferred tax Assets |
0.00 |
|
Total assets |
6,95,171.00 |
|
Equity and liabilities |
|
| 1 |
Equity |
|
|
Equity attributable to owners of parent |
|
|
Equity share capital |
3,966.00 |
|
Other equity |
4,24,655.00 |
|
Total equity attributable to owners of parent |
4,28,621.00 |
|
Non controlling interest |
|
|
Total equity |
4,28,621.00 |
| 2 |
Liabilities |
|
|
Non-current liabilities |
|
|
Non-current financial liabilities |
|
|
Borrowings, non-current |
54,197.00 |
|
Trade payables, non-current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
0.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
0.00 |
|
Total Trade payable |
0.00 |
|
Other non-current financial liabilities |
|
| 1 |
Lease liabilities |
11,192.00 |
| 2 |
Other financial liabilities |
552.00 |
|
Total of other non-current financial liabilities |
11,744.00 |
|
Total non-current financial liabilities |
65,941.00 |
|
Provisions, non-current |
9,980.00 |
|
Deferred tax liabilities (net) |
0.00 |
|
Deferred government grants, Non-current |
0.00 |
|
Other non-current liabilities |
|
| 1 |
Other non-current liabilities |
21,994.00 |
|
Total of other non-current liabilities |
21,994.00 |
|
Total non-current liabilities |
97,915.00 |
|
Current liabilities |
|
|
Current financial liabilities |
|
|
Borrowings, current |
27,898.00 |
|
Trade payables, current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
2,462.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
89,658.00 |
|
Total Trade payable |
92,120.00 |
|
Other current financial liabilities |
|
| 1 |
Lease liabilities |
2,817.00 |
| 2 |
Other financial liabilities |
8,777.00 |
|
Total of other current financial liabilities |
11,594.00 |
|
Total current financial liabilities |
1,31,612.00 |
|
Other current liabilities |
24,019.00 |
| 1 |
Other current liabilities |
24,019.00 |
|
Total of other current liabilities |
24,019.00 |
|
Provisions, current |
13,004.00 |
|
Current tax liabilities (Net) |
0.00 |
|
Deferred government grants, Current |
0.00 |
|
Total current liabilities |
1,68,635.00 |
| 3 |
Liabilities directly associated with assets in disposal group classified as held for sale |
0.00 |
| 4 |
Regulatory deferral account credit balances and related deferred tax liability |
0.00 |
|
Total liabilities |
2,66,550.00 |
|
Total equity and liabilites |
6,95,171.00 |
|
Disclosure of notes on assets and liabilities |
|
Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Amount in (Lakhs)
| Particulars |
3 months/ 6 month ended (dd-mm-yyyy) |
Year to date figures for current period
ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| Date of end of reporting
period |
30-09-2026 |
30-09-2026 |
| Whether results are audited
or unaudited |
Unaudited |
Unaudited |
| Nature of report standalone or
consolidated |
Standalone |
Standalone |
| 1 |
Segment Revenue (Income) |
|
(net sale/income from each segment should
be disclosed) |
|
Total Segment Revenue |
|
|
|
Less: Inter segment revenue |
|
|
|
Revenue from operations |
|
|
| 2 |
Segment Result |
|
Profit (+) / Loss (-) before tax and
interest from each segment |
|
Total Profit before tax |
|
|
|
i. Finance cost |
|
|
|
ii. Other Unallocable Expenditure net off Unallocable income |
|
|
|
Profit before tax |
|
|
| 3 |
(Segment Asset - Segment Liabilities)
|
|
Segment Asset |
|
Total Segment Asset |
|
|
|
Un-allocable Assets |
null |
null |
|
Net Segment Asset |
null |
null |
| 4 |
Segment Liabilities |
|
Segment Liabilities |
|
Total Segment Liabilities |
|
|
|
Un-allocable Liabilities |
null |
null |
|
Net Segment Liabilities |
null |
null |
|
Disclosure of notes on segments |
|
Other Comprehensive Income
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Standalone |
Standalone |
|
Other comprehensive income [Abstract] |
|
| 1 |
Amount of items that will not be reclassified to profit and loss |
|
| 1 |
Re-measurement gain / (loss) on defined benefit plans |
237.00 |
237.00 |
|
Total Amount of items that will not be reclassified to profit and loss |
237.00 |
237.00 |
| 2 |
Income tax relating to items that will not be reclassified to profit or loss |
0.00 |
0.00 |
| 3 |
Amount of items that will be reclassified to profit and loss |
|
|
Total Amount of items that will be reclassified to profit and loss |
|
|
| 4 |
Income tax relating to items that will be reclassified to profit or loss |
|
|
| 5 |
Total Other comprehensive income |
237.00 |
237.00 |
Cash flow statement, indirect
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Standalone |
|
Statement of cash flows |
|
|
Cash flows from used in operating
activities |
|
|
Profit before tax |
(4,937.00) |
|
Adjustments for reconcile profit (loss) |
|
|
Adjustments for finance costs |
4,758.00 |
|
Adjustments for decrease (increase) in inventories |
(12,119.00) |
|
Adjustments for decrease (increase) in trade receivables, current |
(1,929.00) |
|
Adjustments for decrease (increase) in trade receivables, non-current
|
0.00 |
|
Adjustments for decrease (increase) in other current assets |
(10,396.00) |
|
Adjustments for decrease (increase) in other non-current assets |
0.00 |
|
Adjustments for other financial assets, non-current |
0.00 |
|
Adjustments for other financial assets, current |
(903.00) |
|
Adjustments for other bank balances |
0.00 |
|
Adjustments for increase (decrease) in trade payables, current |
9,285.00 |
|
Adjustments for increase (decrease) in trade payables, non-current |
0.00 |
|
Adjustments for increase (decrease) in other current liabilities |
9,243.00 |
|
Adjustments for increase (decrease) in other non-current liabilities
|
0.00 |
|
Adjustments for depreciation and amortisation expense |
8,574.00 |
|
Adjustments for impairment loss reversal of impairment loss recognised
in profit or loss |
0.00 |
|
Adjustments for provisions, current |
0.00 |
|
Adjustments for provisions, non-current |
0.00 |
|
Adjustments for other financial liabilities, current |
(446.00) |
|
Adjustments for other financial liabilities, non-current |
0.00 |
|
Adjustments for unrealised foreign exchange losses gains |
(175.00) |
|
Adjustments for dividend income |
0.00 |
|
Adjustments for interest income |
8,240.00 |
|
Adjustments for share-based payments |
3,594.00 |
|
Adjustments for fair value losses (gains) |
(126.00) |
|
Adjustments for undistributed profits of associates |
0.00 |
|
Other adjustments for which cash effects are investing or financing
cash flow |
(1,879.00) |
|
Other adjustments to reconcile profit (loss) |
0.00 |
|
Other adjustments for non-cash items |
1,929.00 |
|
Share of profit and loss from partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Total adjustments for reconcile
profit (loss) |
1,170.00 |
|
Net cash flows from (used in)
operations |
(3,767.00) |
|
Dividends received |
0.00 |
|
Interest paid |
0.00 |
|
Interest received |
0.00 |
|
Income taxes paid (refund) |
255.00 |
|
Other inflows (outflows) of cash |
0.00 |
|
Net cash flows from (used in)
operating activities |
(4,022.00) |
|
Cash flows from used in
investing activities |
|
|
Cash flows from losing control of subsidiaries or other businesses |
0.00 |
|
Cash flows used in obtaining control of subsidiaries or other businesses |
450.00 |
|
Other cash receipts from sales of equity or debt instruments of other
entities |
0.00 |
|
Other cash payments to acquire equity or debt instruments of other entities
|
0.00 |
|
Other cash receipts from sales of interests in joint ventures |
0.00 |
|
Other cash payments to acquire interests in joint ventures |
0.00 |
|
Cash receipts from share of profits of partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Cash payment for investment in partnership firm or association of persons or
limited liability partnerships |
0.00 |
|
Proceeds from sales of property, plant and equipment |
87.00 |
|
Purchase of property, plant and equipment |
52,014.00 |
|
Proceeds from sales of investment property |
0.00 |
|
Purchase of investment property |
0.00 |
|
Proceeds from sales of intangible assets |
0.00 |
|
Purchase of intangible assets |
0.00 |
|
Proceeds from sales of intangible assets under development |
0.00 |
|
Purchase of intangible assets under development |
0.00 |
|
Proceeds from sales of goodwill |
0.00 |
|
Purchase of goodwill |
0.00 |
|
Proceeds from biological assets other than bearer plants |
0.00 |
|
Purchase of biological assets other than bearer plants |
0.00 |
|
Proceeds from government grants |
0.00 |
|
Proceeds from sales of other long-term assets |
0.00 |
|
Purchase of other long-term assets |
0.00 |
|
Cash advances and loans made to other parties |
0.00 |
|
Cash receipts from repayment of advances and loans made to other parties |
0.00 |
|
Cash payments for future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Cash receipts from future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Dividends received |
0.00 |
|
Interest received |
6,265.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
(1,21,709.00) |
|
Net cash flows from (used in)
investing activities |
(1,67,821.00) |
|
Cash flows from used in
financing activities |
|
|
Proceeds from changes in ownership interests in subsidiaries |
0.00 |
|
Payments from changes in ownership interests in subsidiaries |
0.00 |
|
Proceeds from issuing shares |
1,47,268.00 |
|
Proceeds from issuing other equity instruments |
25,000.00 |
|
Payments to acquire or redeem entity's shares |
0.00 |
|
Payments of other equity instruments |
0.00 |
|
Proceeds from exercise of stock options |
5.00 |
|
Proceeds from issuing debentures notes bonds etc |
0.00 |
|
Proceeds from borrowings |
36,715.00 |
|
Repayments of borrowings |
5,754.00 |
|
Payments of lease liabilities |
1,564.00 |
|
Dividends paid |
0.00 |
|
Interest paid |
4,556.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
0.00 |
|
Net cash flows from (used in)
financing activities |
1,97,114.00 |
|
Net increase (decrease) in cash
and cash equivalents before effect of exchange rate changes |
25,271.00 |
|
Effect of exchange rate changes
on cash and cash equivalents |
|
|
Effect of exchange rate changes on cash and cash equivalents |
0.00 |
|
Net increase (decrease) in cash
and cash equivalents |
25,271.00 |
|
Cash and cash equivalents cash flow statement at beginning of period
|
11,194.00 |
|
Cash and cash equivalents cash
flow statement at end of period |
36,465.00 |
Details of Impact of Audit Qualification
Amount in (Lakhs)
| Whether results are audited or unaudited |
Unaudited |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Declaration of unmodified opinion |
| Auditor's opinion |
|
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015:
The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified
opinion for the period on Standalone results |
Yes |
| Sr No. |
Audit firm's name |
Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI |
Certificate valid upto |
| 1 |
Deloitte Haskins & Sells |
Yes |
30-04-2028 |
Statement on Deviation or Variation for proceeds of Public Issue, Rights
Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Amount in (Lakhs)
| Mode of Fund Raising |
Public Issues |
| Description of mode of fund raising
(Applicable in case of others is selected) |
|
| Date of Raising Funds |
06-05-2025 |
| Amount Raised |
2,62,600.00 |
| Report filed for Quarter ended |
30-09-2026 |
| Monitoring Agency |
Applicable |
| Monitoring Agency Name, if applicable |
CARE RATINGS LIMITED |
| Is there a Deviation / Variation in use of funds raised |
No |
| If yes, whether the same is pursuant to change in terms of a contract or objects,
which was approved by the shareholders |
|
| If Yes, Date of shareholder Approval |
|
| Explanation for the Deviation / Variation |
NA |
| Comments of the Audit Committee after review |
No Comments |
| Comments of the auditors, if any |
No Comments |
| Sr. |
Original Object |
Modified Object, if any |
Original Allocation |
Modified allocation, if any |
Funds Utilised |
Amount of Deviation/Variation for the quarter according to applicable
object |
Remarks if any |
| 1 |
Capital expenditure to be incurred by Company for establishment of an E2W factory in Maharashtra, India |
NA |
92,720.00 |
0.00 |
42,792.00 |
0.00 |
|
| 2 |
Repayment/ pre-payment, in full or part, of certain borrowings availed by the company |
NA |
4,000.00 |
0.00 |
4,000.00 |
0.00 |
|
| 3 |
Investment in research and development |
NA |
75,000.00 |
0.00 |
29,480.00 |
0.00 |
|
| 4 |
Expenditure towards marketing initiatives |
NA |
30,000.00 |
0.00 |
13,509.00 |
0.00 |
|
| 5 |
General corporate purposes |
NA |
49,220.00 |
49,880.00 |
35,850.00 |
0.00 |
|
| 6 |
Issue Expenses |
NA |
11,660.00 |
11,000.00 |
10,794.00 |
0.00 |
|
Statement on Deviation or Variation for proceeds of Public Issue, Rights
Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)
Amount in (Lakhs)
| Mode of Fund Raising |
QIP |
| Description of mode of fund raising
(Applicable in case of others is selected) |
|
| Date of Raising Funds |
20-07-2026 |
| Amount Raised |
1,30,000.00 |
| Report filed for Quarter ended |
30-09-2026 |
| Monitoring Agency |
Applicable |
| Monitoring Agency Name, if applicable |
CARE RATINGS LIMITED |
| Is there a Deviation / Variation in use of funds raised |
No |
| If yes, whether the same is pursuant to change in terms of a contract or objects,
which was approved by the shareholders |
|
| If Yes, Date of shareholder Approval |
|
| Explanation for the Deviation / Variation |
NA |
| Comments of the Audit Committee after review |
No Comments |
| Comments of the auditors, if any |
No Comments |
| Sr. |
Original Object |
Modified Object, if any |
Original Allocation |
Modified allocation, if any |
Funds Utilised |
Amount of Deviation/Variation for the quarter according to applicable
object |
Remarks if any |
| 1 |
Repayment/ pre-payment, in full or part, of certain borrowings |
NA |
12,500.00 |
0.00 |
3,631.00 |
0.00 |
|
| 2 |
Investment in research and development |
NA |
75,000.00 |
0.00 |
0.00 |
0.00 |
|
| 3 |
Expenditure towards marketing initiatives |
NA |
10,000.00 |
0.00 |
555.00 |
0.00 |
|
| 4 |
General corporate purposes |
NA |
29,491.00 |
0.00 |
0.00 |
0.00 |
|
| 5 |
Issue Expenses |
NA |
3,009.00 |
0.00 |
2,539.00 |
0.00 |
|
Statement on Deviation or Variation for proceeds of Public Issue, Rights
Issue, Preferential Issue, Qualified Institutions Placement Etc. (3)
Amount in (Lakhs)
| Mode of Fund Raising |
Preferential Issues |
| Description of mode of fund raising
(Applicable in case of others is selected) |
|
| Date of Raising Funds |
25-08-2026 |
| Amount Raised |
45,000.00 |
| Report filed for Quarter ended |
30-09-2026 |
| Monitoring Agency |
Applicable |
| Monitoring Agency Name, if applicable |
CARE RATINGS LIMITED |
| Is there a Deviation / Variation in use of funds raised |
No |
| If yes, whether the same is pursuant to change in terms of a contract or objects,
which was approved by the shareholders |
|
| If Yes, Date of shareholder Approval |
|
| Explanation for the Deviation / Variation |
NA |
| Comments of the Audit Committee after review |
No Comments |
| Comments of the auditors, if any |
No Comments |
| Sr. |
Original Object |
Modified Object, if any |
Original Allocation |
Modified allocation, if any |
Funds Utilised |
Amount of Deviation/Variation for the quarter according to applicable
object |
Remarks if any |
| 1 |
A) Repayment/ pre-payment, in full or part, of certain borrowings |
NA |
62,500.00 |
0.00 |
0.00 |
0.00 |
During the quarter and half year ended September 30, 2026, the Company has raised fund aggregating to Rs. 200 crores, through the issuance of Equity Shares for cash consideration on a preferential basis. Further, during the quarter and half year ended September 30, 2026, the Company has also issued convertible warrants aggregating to Rs. 1,000.00 crores on a preferential basis each convertible into or exchangeable for, 1 Equity Share of the Company having face value of Rs. 1 each, for cash consideration. The Company has received payment of 25% of the Warrant Issue Price amounting to Rs. 250.00 crores at the time of Subscription and allotment of each Warrant. The balance 75% of the Warrant Issue Price shall be payable at the time of conversion of the Warrants, which may be converted in one or more tranches, at the option of the Warrant Subscribers within a maximum period of 18 months from the date of allotment of the Warrants. |
| 2 |
B) Expenditure towards marketing initiatives |
NA |
27,500.00 |
0.00 |
0.00 |
0.00 |
During the quarter and half year ended September 30, 2026, the Company has raised fund aggregating to Rs. 200 crores, through the issuance of Equity Shares for cash consideration on a preferential basis. Further, during the quarter and half year ended September 30, 2026, the Company has also issued convertible warrants aggregating to Rs. 1,000.00 crores on a preferential basis each convertible into or exchangeable for, 1 Equity Share of the Company having face value of Rs. 1 each, for cash consideration. The Company has received payment of 25% of the Warrant Issue Price amounting to Rs. 250.00 crores at the time of Subscription and allotment of each Warrant. The balance 75% of the Warrant Issue Price shall be payable at the time of conversion of the Warrants, which may be converted in one or more tranches, at the option of the Warrant Subscribers within a maximum period of 18 months from the date of allotment of the Warrants. |
| 3 |
C) General corporate purposes |
NA |
30,000.00 |
0.00 |
27.00 |
0.00 |
During the quarter and half year ended September 30, 2026, the Company has raised fund aggregating to Rs. 200 crores, through the issuance of Equity Shares for cash consideration on a preferential basis. Further, during the quarter and half year ended September 30, 2026, the Company has also issued convertible warrants aggregating to Rs. 1,000.00 crores on a preferential basis each convertible into or exchangeable for, 1 Equity Share of the Company having face value of Rs. 1 each, for cash consideration. The Company has received payment of 25% of the Warrant Issue Price amounting to Rs. 250.00 crores at the time of Subscription and allotment of each Warrant. The balance 75% of the Warrant Issue Price shall be payable at the time of conversion of the Warrants, which may be converted in one or more tranches, at the option of the Warrant Subscribers within a maximum period of 18 months from the date of allotment of the Warrants. |
Signatory Details
| Name of signatory |
Sohil Dilipkumar Parekh |
| Designation of person |
Chief Financial Officer |
| Place |
Bengaluru |
| Date |
26-10-2026 |
Amount in (Lakhs)
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
|
| Sr No. |
|
Additional disclosure of related
party transactions - applicable only in case the related party transaction relates to loans,
inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary.
These details need to be disclosed only once, during the reporting period when such transaction was
undertaken. |
| Details of the party (listed entity/subsidiary) entering into the transaction |
Details of the counterparty |
Type of related party transaction |
Details of other related party transaction |
Value of the related party transaction as approved by the audit committee |
Remarks on approval by audit committee |
Value of the related party transaction ratified by the audit committee |
Date of Audit Committee Meeting where the ratification was approved |
Value of transaction during the reporting period |
In case monies are due to either party as a result of the transaction |
In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments |
Details of the loans, inter-corporate deposits, advances or investments |
Notes |
| Name |
PAN |
Name |
PAN |
Relationship of the counterparty with the listed entity or its subsidiary |
Opening balance |
Closing balance |
Nature of indebtedness (loan/ issuance of debt/ any other etc.) |
Details of other indebtedness |
Cost |
Tenure |
Nature (loan/ advance/ intercorporate deposit/ investment ) |
Interest Rate (%) |
Tenure |
Secured/ unsecured |
Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) |
| 1 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Hero MotoCorp Limited |
|
Party which has significant influence |
Sale of goods or services |
|
900.00 |
NA |
|
|
145.00 |
118.00 |
28.00 |
|
|
|
|
|
|
|
|
|
|
| 2 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Hero MotoCorp Limited |
|
Party which has significant influence |
Purchase of goods or services |
|
250.00 |
NA |
|
|
52.00 |
25.00 |
38.00 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Hero FinCorp Limited |
|
Party over which Hero MotoCorp Limited has significant influence |
Any other transaction |
Fees Income |
20.00 |
NA |
|
|
1.00 |
0.00 |
1.00 |
|
|
|
|
|
|
|
|
|
Textual Information(1) |
| 4 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Ather Insurance Limited |
|
Wholly Owned Subsidiary |
Investment |
|
|
NA |
|
|
450.00 |
0.00 |
450.00 |
|
|
|
|
|
|
|
|
|
Textual Information(2) |
| 5 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Ather Insurance Limited |
|
Wholly Owned Subsidiary |
Any other transaction |
Recoverable for reimbursement of Expenses |
|
NA |
|
|
0.00 |
0.00 |
35.00 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Neelam Dhawan |
|
Independent Director |
Any other transaction |
Sitting fee paid to Independent Directors |
|
NA |
|
|
14.00 |
1.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Sanjay Nayak |
|
Independent Director |
Any other transaction |
Sitting fee paid to Independent Directors |
|
NA |
|
|
11.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Kaushik Dutta |
|
Independent Director |
Any other transaction |
Sitting fee paid to Independent Directors |
|
NA |
|
|
12.00 |
2.00 |
1.00 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Neelam Dhawan |
|
Independent Director |
Remuneration |
|
|
NA |
|
|
21.00 |
37.00 |
21.00 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Sanjay Nayak |
|
Independent Director |
Remuneration |
|
|
NA |
|
|
27.00 |
33.00 |
27.00 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Kaushik Dutta |
|
Independent Director |
Remuneration |
|
|
NA |
|
|
23.00 |
32.00 |
23.00 |
|
|
|
|
|
|
|
|
|
|
| 12 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Tarun Sanjay Mehta |
|
Key Managerial Personnel |
Remuneration |
|
300.00 |
NA |
|
|
156.00 |
118.00 |
50.00 |
|
|
|
|
|
|
|
|
|
|
| 13 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Swapnil Babanlal Jain |
|
Key Managerial Personnel |
Remuneration |
|
300.00 |
NA |
|
|
156.00 |
118.00 |
50.00 |
|
|
|
|
|
|
|
|
|
|
| 14 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Sohil Dilipkumar Parekh |
|
Key Managerial Personnel |
Remuneration |
|
|
NA |
|
|
495.00 |
434.00 |
552.00 |
|
|
|
|
|
|
|
|
|
|
| 15 |
Ather Energy Limited (formerly known as Ather Energy Private Limited) |
|
Puja Aggarwal |
|
Key Managerial Personnel |
Remuneration |
|
|
NA |
|
|
55.00 |
32.00 |
28.00 |
|
|
|
|
|
|
|
|
|
|
|
Total value of transaction during the reporting period |
1,618.00 |
|
|
Text Block
| Textual Information(1) |
The Audit Committee deferred consideration of the omnibus approval for related party transaction with Hero Fincorp Limited for the Financial Year 2026-27 to the board, as one of the Independent Director of Ather Energy Limited also serves as an Independent Director on the Board of Hero Fincorp Limited.
|
| Textual Information(2) |
The Board of Directors of Ather Energy Limited approved for initial investment in wholly owned subsidiary upto INR 8.00 Crores.
|