Ather Energy Limited has incorporated a wholly owned subsidiary to enter the insurance distribution business, but the venture cannot commence operations until it secures a license from the Insurance Regulatory and Development Authority of India (IRDAI).
The subsidiary, named Ather Insurance Limited, was incorporated on May 27, 2026, in India. The company informed stock exchanges on Wednesday pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
“The WOS is incorporated with the primary objective of offering and facilitating insurance policies in the capacity of Corporate Agent,” Ather Energy said in its exchange filing.
Ather Energy has subscribed to 100% of the initial paid-up share capital of the subsidiary in cash, at a face value of ₹10 per share, making it a wholly owned subsidiary.
The decision to incorporate the subsidiary was first approved by Ather Energy’s Board of Directors and announced to the exchanges on December 19, 2025.
Critically, the company has disclosed that while no regulatory approvals were required for the incorporation itself, IRDAI approval must be obtained before Ather Insurance Limited can commence any business activity.
The Corporate Agent license from IRDAI is a mandatory prerequisite under Indian insurance regulations for any entity seeking to solicit or distribute insurance products.
