The Board at the meeting held today i.e. October 26, 2026, has considered and approved proposals for the enhancement of manufacturing capacity at the Company''s factories located at Hosur, Tamil Nadu and Chhatrapati Sambhajinagar, Maharashtra (Factory 3.0 -under construction).

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 Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we wish to inform you that the Board at the meeting held today, i.e., October 26, 2026, has considered and approved proposals for the enhancement of manufacturing capacity at the Company’s factories located at Hosur, Tamil Nadu and Chhatrapati Sambhajinagar, Maharashtra (Factory 3.0- under construction). Capital Expenditure (CAPEX) of approximately INR 122 Crores (including taxes) has been earmarked for the said expansion. The proposed expansion will increase the annual production capacity of electric two-wheelers at the Hosur factory from 420,000 units to 495,000 units, and the planned annual production capacity of Factory 3.0 from 500,000 units to 650,000 units. 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. The meeting of the Board of Directors of the Company 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 Annexure-A S. No. Particulars Hosur Factory Factory 3.0 at Chhatrapati Sambhajinagar 1 Existing capacity 420,000 units per annum 500,000 units per annum (under construction) 2 Existing capacity utilization 98% at peak production Plant under construction 3 Proposed capacity addition 75,000 units per annum 150,000 units per annum 4 Period within which the Capacity addition is expected Capacity addition is expected to proposed capacity is to be to be completed in December, be completed in Q2 FY28 added 2026 5 Investment required Upto INR 58 crore (incl tax)* Upto INR 64 crore (incl tax) 6 Mode of financing Combination of debt and Combination of debt and internal internal accruals accruals 7 Rationale Scale up long-term Scale up long-term manufacturing output to meet manufacturing output to meet the business demand the business demand *Includes an investment of INR 53 crores in a new battery line to cater to demand scenarios and to de-risk supply chain. This is expected to be completed by Q3 FY28.