Outcome of Board Meeting

October 26, 2026 To To National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5th Floor, C-1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Mumbai 400051 Dalal Street Mumbai – 400001 NSE Symbol: ATHERENERG Scrip Code: 544397 Sub: Outcome of the Board Meeting held on October 26, 2026 Ref: Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we hereby inform you that the Board of Directors of the Company at their meeting held today i.e October 26, 2026, have considered and approved the following matters: 1. Unaudited standalone and consolidated financial results of the Company for the quarter and half year ended September 30, 2026, together with the Limited Review Report issued by M/s. Deloitte Haskins & Sells, Chartered Accounts, Statutory Auditor of the Company. A copy of the unaudited standalone and consolidated financial results along with the Limited Review Report has been enclosed herewith. 2. Capacity expansion at the Company’s factories located at Hosur, Tamil Nadu and Chhatrapati Sambhajinagar, Maharashtra (Factory 3.0- under construction). The disclosures required under Regulation 30 of SEBI Listing Regulations, read with Part A of Schedule III of the SEBI Listing Regulations and relevant SEBI Circulars are provided in Annexure-A. Publication of the results in the Newspaper is being done as required under the SEBI Listing Regulations. The Board Meeting commenced at 09:10 AM (IST) and concluded at 02:15 PM (IST). Kindly take the above information on record. Thank you For Ather Energy Limited Puja Aggarwal Company Secretary & Compliance Officer Membership No: A49310 Chartered Accountants Prestige Trade Tower, Level 19 Deloitte 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India Haskins & Sells Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF ATHER ENERGY LIMITED (FORMERLY KNOWN AS ATHER ENERGY PRIVATE LIMITED) 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Ather Energy Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter and six months ended September 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. The Statement includes the results of the following entities: Sr. No. Name of the entities 1. Ather Energy Limited, the parent 2. Ather Insurance Limited, wholly owned subsidiary 3. Ather Energy Hong Kong Limited, wholly owned subsidiary 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For DELOITTE HASKINS & SELLS Chartered Accoun s (Firm's Registration No. 0 72S) Gurvinder Singh Partner Membership No. 110128 UDIN: 26110128OMWGVO4428 Place: Bengaluru Date: October 26, 2026 Page 1 of 1 ATHER A th er Energy Limited (formerly kn own as A th er Energy Private Limited) CIN: L40100KA2013PLC093769 Regd. Office: 3rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560029, Karnataka, India Phone: (+91) 80 6646 5750; Email: cs@.atherenergy.com; Website: www.atherenergy.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 {Amounts in~ crores, unless otherwise stated) For the quarter For the hair year For the quarter For the quarter For the half year For the year ended ended ended ended ended ended March 31, 2026 Particulars September 30, 2025 S September 30, 2025 September 30, 2026 June 30, 2026 (Unaudited) eptember ~O, 2 026 (Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) (refer note x) (refer note x) (refer note x) Revenue from operations 1.464.24 1,216.92 898.88 2,681.16 1,543.46 3,671.76 II Other income 62.71 42.73 41.79 105.44 70.12 I 51.32 ID Total income (I+ II) 1,526.9§ 1,259.65 940.67 2,786.60 1,613.58 3,823.08 IV Expenses Cost of material consumed 1,176.57 957.32 736.39 2,133.89 1,239.27 2,808.15 Purchase of stock-in-trade 48 .. 98 32.94 20.06 81.92 47.60 97.04 Change in inventories of finished goods, stock-in-trade and (65.50) (12.83) (26.36) (78.33) (38.70) (7.58) work-in-progress Employee benefits expenses 120.69 118.17 113.95 238.86 232.55 481.60 Finance costs 26.04 21.58 20.79 47.62 44.91 82.20 Depreciation and amortisation expenses 46.87 38.96 42.52 85.83 90.66 172.89 Other expenses 172.04 I 54.60 187.39 326.64 329.59 700.91 Total expenses (IV) 1,525.69 1.310.74 1,094.74 2,836.43 1,945.88 4,335.21 y Profit/ (loss) before exceptional items and tax (ID-IV) 1.26 (51.09) (154.07) (49.83) (332.30) (512.13) YI Exceptional items 5.04 YU Profit/ (loss) before tax (Y -YI) 1.26 (51.09) (154.07) (49.83) (332.30) (517.17) YID Tax expense (1) Current tax (2) Deferred tax Total tax expense (VIIl) IX Profit/ (loss) for the period/ year (Vll -YID) 1.26 (51.09) (154.07) (49.83) (331.30) (517.17) X Other comprehensive income (1) ltems that will not be reclassified to profit or loss Re-measurement gain / (loss) on defined benefit plans 2.37 (2.60) 2.37 (2.60) 0.42 Income tax relating to above item Total Other comprehensive income/ (loss) for the period/ 2.37 (2.60) 2.37 (2.60) 0.42 year (X) XI Total comprehensive income/ (loss) for the period/ year (IX+X) 3.63 (51.09) (156.67) (47.46) !334.90) !516.75) XII Paid up Equity Share Capital 39.66 38.31 38.03 39.66 38.03 38.27 xm Other Equity 2,534.36 XIV Earnings/ {lo~) per equity share inf (face value off t each) (not annualised for the period) (1) Basic 0.03 (1.33) (4.11) (128) (9.28) (13.99) (2) Diluted 0.03 (1.33) (4.11) (1.28) (9.28) (13.99) ATHER Ather Energy Limited (formerly known as Ather Energy Private Limited) CIN: L40100K [Showing first 8,000 characters — download PDF for full document]