The company said the subsidiary will operate in insurance in the capacity of a corporate agent, with the objective of offering and facilitating insurance policies. Ather Energy had earlier informed about the board decision on December 19, 2025, to set up the wholly owned subsidiary.
The subsidiary has been incorporated as a 100% owned entity of Ather Energy Limited, with 100% shareholding and control, through cash consideration. The company has subscribed to the initial paid-up share capital at a face value of ₹10 per share.
Also Read: Ather Energy shares surge 6%, CEO says rare earth issue behind us
While no specific governmental or regulatory approvals were required for incorporation, the company said it will obtain necessary approvals from the Insurance Regulatory and Development Authority of India (IRDAI) before commencing business.
Fourth Quarter
Ather Energy’s net loss narrowed in the fourth quarter. The electric vehicle manufacturer reported a net loss of ₹100 crore during the January-March period, narrower than the loss of ₹234.4 crore it reported during the same quarter last year.
Revenue for the quarter increased by 73.8% on a year-on-year basis to ₹1,174.4 crore from ₹676 crore earlier. Losses on the Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) front also narrowed by more than half to ₹70 crore from a loss of ₹173 crore in the year-ago period.
Also Read: Ather’s family scooter Rizta crosses 3 lakh sales within two years
The company, in an exchange filing, said it delivered its highest-ever quarterly volumes of 83,418, up 76% from the previous year. In the entire financial year, it sold 2.62 lakh units, up 69% from the previous year.
Ather Energy said its growth during FY26 was driven by geographic expansion, a rapidly scaling retail footprint and the continued strong performance of its family scooter Rizta.
Shares of Ather Energy Ltd ended at ₹957.50, up by ₹6.95, or 0.73%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
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