Approved the issue and allotment of 1,08,15,307 Equity Shares of face value of INR 1 each to eligible qualified Institutional buyers at an issue price of INR 1,202 per Equity Share.

July 20, 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 Dear Sir/ Madam, Sub: Resolution passed by the Fund Raise Committee of the Board of Directors on July 20, 2026 Re: Qualified institutions placement of equity shares of face value INR 1 each (the “Equity Shares”) by Ather Energy Limited (the “Company”) under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Sections 42 and 62(1)(c) of the Companies Act, 2013, as amended, including the rules made thereunder (the “Issue”). In furtherance of our earlier letters on the captioned subject, please note that the Fund Raise Committee of the Board of Directors of Ather Energy Limited (“the Company”) vide circular resolution passed today, i.e., July 20, 2026 approved the issue and allotment of 1,08,15,307 Equity Shares of face value INR 1 each to eligible qualified institutional buyers at an issue price of INR 1,202 per Equity Share (including a premium of INR 1,201 per Equity Share), which is higher than the floor price of INR 1,169.70 per Equity Share, aggregating to INR 1299,99,99,014, pursuant to the proposed Issue. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from INR 38,33,10,002 consisting of 38,33,10,002 Equity Shares of INR 1 each to INR 39,41,25,309 consisting of 39,41,25,309 Equity Shares of INR 1 each. The shareholding pattern of the Company before and after the Issue, will be submitted along with listing application in the format specified in Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) The Issue opened on July 15, 2026 and closed on July 20, 2026 and the same was intimated to you through our letters dated July 15, 2026 and July 20, 2026, respectively. Further, please find attached herewith the list of allottees who have been allotted more than five percent of the Equity Shares offered in the Issue, marked as Annexure A. The details pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, as amended from time to time (“SEBI Circulars”) is enclosed herewith. Type of securities issued and allotted (viz. Equity Shares equity shares, convertibles etc.) Type of issuance (further public offering, Qualified Institutions Placement rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) Total no. of securities issued or the total 1,08,15,307 Equity Shares of face value INR 1 each at an issue amount for which the securities have been price of INR 1,202 per Equity Share (including a premium of INR issued (approximately) 1,201 per Equity Share), aggregating to INR 1299,99,99,014. We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations, as amended. Thank you For Ather Energy Limited Puja Aggarwal Company Secretary & Compliance Officer Membership No: A49310 ANNEXURE A LIST OF ALLOTTEES WHO HAVE BEEN ALLOTTED MORE THAN 5% OF THE EQUITY SHARES ISSUED IN THE QUALIFIED INSTITUTIONS PLACEMENT S. Name of the proposed Allottee Category No. of PAN % of % (PAN No. Equity Clubbed shares Clubbed Shares No. of allotted ) (5%) Allotted Shares to the and total above Issue Size HDFC TRUSTEE COMPANY LIMITED-HDFC MUTUAL 11,19,928 14,55,907 10.355 13.462 FLEXI CAP FUND FUND HDFC MUTUAL FUND - HDFC MUTUAL 2,23,986 2.071 MANUFACTURING FUND FUND HDFC MUTUAL FUND - HDFC INNOVATION MUTUAL 1,11,993 1.036 FUND FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 1,73,687 14,14,310 1.606 13.077 BIRLA SUN LIFE MULTI-CAP FUND FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 1,24,062 1.147 BIRLA SUN LIFE QUANT FUND FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 49,625 0.459 BIRLA SUN LIFE SPECIAL OPPORTUNITIES FUND FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 37,219 0.344 BIRLA SUN LIFE TRANSPORTATION AND FUND LOGISTICS FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 1,24,062 1.147 BIRLA SUN LIFE DIGITAL INDIA FUND FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 4,59,031 4.244 BIRLA SUN LIFE ELSS TAX SAVER FUND FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 1,24,062 1.147 BIRLA SUN LIFE SMALL CAP FUND FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 2,48,125 2.294 BIRLA SUN LIFE CONSUMPTION FUND FUND S. Name of the proposed Allottee Category No. of PAN % of % (PAN No. Equity Clubbed shares Clubbed Shares No. of allotted ) (5%) Allotted Shares to the and total above Issue Size ADITYA BIRLA SUN LIFE MUTUAL FUND - APEX MUTUAL 12,406 0.115 HYBRID LONG-SHORT FUND FUND ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA MUTUAL 62,031 0.574 BIRLA SUN LIFE EQUITY SAVINGS FUND FUND AXIS MUTUAL FUND TRUSTEE LTD. A/C AXIS MUTUAL 21,630 10,81,531 0.200 10.000 MUTUAL FUND A/C AXIS MULTI ASSET FUND ALLOCATION FUND AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 2,99,225 2.767 MUTUAL FUND A/C AXIS MIDCAP FUND FUND AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 2,59,568 2.400 MUTUAL FUND A/C AXIS SMALL CAP FUND FUND AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 7,210 0.067 MUTUAL FUND A/C AXIS CHILDREN'S FUND FUND AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 14,420 0.133 MUTUAL FUND A/C AXIS AGGRESSIVE HYBRID FUND FUND 3 AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 3,605 0.033 MUTUAL FUND A/C AXIS RETIREMENT FUND - FUND DYNAMIC PLAN AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 7,210 0.067 MUTUAL FUND A/C AXIS RETIREMENT FUND - FUND AGGRESSIVE PLAN AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 14,420 0.133 MUTUAL FUND A/C AXIS VALUE FUND FUND AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 93,732 0.867 MUTUAL FUND A/C AXIS MULTICAP FUND FUND AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 46,866 0.433 MUTUAL FUND A/C AXIS INDIA FUND MANUFACTURING FUND S. Name of the proposed Allottee Category No. of PAN % of % (PAN No. Equity Clubbed shares Clubbed Shares No. of allotted ) (5%) Allotted Shares to the and total above Issue Size AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL 25,236 0.233 MUTUAL FUND A/C AXIS CONSUMPTION FUND FUND AXIS MUTUAL FUND TRUSTEE LTD. A/C AXIS MUTUAL 7,210 0.067 MUTUAL FUND A/C AXIS MOMENTUM FUND FUND AXIS ELSS TAX SAVER FUND MUTUAL 2,81,199 2.600 FUND EDELWEISS TRUSTEESHIP CO LTD AC- MUTUAL 3,02,828 8,31,947 2.800 7.692 EDELWEISS MF AC- EDELWEISS MID CAP FUND FUND EDELWEISS TRUSTEESHIP CO LTD AC- MUTUAL 45,757 0.423 EDELWEISS MF AC- EDELWEISS FLEXI CAP FUND FUND EDELWEISS TRUSTEESHIP CO LTD AC- MUTUAL 41,597 0.385 EDELWEISS MF AC-EDELWEISS SMALL CAP FUND FUND EDELWEISS MULTI CAP FUND MUTUAL 21,631 0.200 FUND EDELWEISS BUSINESS CYCLE FUND MUTUAL 1,66,389 1.539 FUND EDELWEISS CONSUMPTION FUND MUTUAL 4,160 0.039 FUND ALTIVA HYBRID LONG-SHORT FUND MUTUAL 2,49,585 2.308 FUND TATA RETIREMENT SAVINGS FUND- MUTUAL 12,479 6,23,961 0.115 5.769 CONSERVATIVE PLAN FUND TATA RETIREMENT SAVINGS FUND-MODERATE MUTUAL 1,33,111 1.231 PLAN FUND TATA RETIREMENT SAVINGS FUND- MUTUAL 1,66,390 1.539 PROGRESSIVE PLAN FUND TATA MULTICAP FUND MUTUAL 1,66,389 1.539 FUND S. Name of the proposed Allottee Category No. of PAN % of % (PAN No. Equity Clubbed shares Clubbed Shares No. of allotted ) (5%) Allotted Shares to the and total above Issue Size TATA INDIA INNOVATION FUND MUTUAL 1,45,592 1.346 FUND MOTILAL OSWAL DYNAMIC FUND MUTUAL 1,24,792 5,82,363 1.154 5.385 FUND MOTILAL OSWAL MULTI CAP FUND MUTUAL 4,57,571 4.231 FUND ABU DHABI INVESTMENT AUTHORITY - FOREIGN 2,91,182 5,65,182 2.692 5.226 MONSOON PORTFOLIO INVESTOR [Showing first 8,000 characters — download PDF for full document]