In continuation of our earlier intimation dated July 18, 2026, regarding the Extraordinary General Meeting ("EGM") of Ather Energy Limited scheduled to be held on Friday, August 14, 2026, ....

August 07, 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: Corrigendum to the Notice of Extraordinary General Meeting (“EGM Notice”) – Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Our intimation dated July 18, 2026, relating to the Notice of the Extraordinary General Meeting (EGM) of the Company In continuation of our earlier intimation dated July 18, 2026, regarding the Extraordinary General Meeting (“EGM”) of Ather Energy Limited (“the Company”) scheduled to be held on Friday, August 14, 2026, at 11:30 a.m. (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”), we hereby submit the Corrigendum to the EGM Notice. This Corrigendum is being issued to incorporate certain clarifications in relation to the proposed Preferential Issue, as advised by the National Stock Exchange of India Limited (NSE). Accordingly, in continuation to the EGM Notice dated July 15, 2026, together with the explanatory statement annexed thereto, this corrigendum has been issued and electronically dispatched to the members of the Company today, i.e. August 07, 2026, whose email addresses are registered with the Company and/or Depository Participant(s). This Corrigendum shall form an integral part of the EGM Notice and shall be read in conjunction with the EGM Notice previously circulated to the shareholders of the Company. Save and except as expressly modified by this Corrigendum, all other contents of the EGM Notice shall remain unchanged and shall continue to be valid and effective. A copy of this corrigendum is also available on the Company’s website at https://www.atherenergy.com/investor- relations/governance#extraordinary-general-meeting Kindly take the above on your records. Thank you. For Ather Energy Limited Puja Aggarwal Company Secretary and Compliance Officer Membership No: A49310 Ather Energy Limited (Formerly known as Ather Energy Private Limited) Corporate Identity Number: L40100KA2013PLC093769 Registered Address: 3rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bengaluru 560 029, Karnataka, India Website: www.atherenergy.com Email: cs@atherenergy.com Tel: +91 80 6646 5750 CORRIGENDUM TO THE NOTICE OF EXTRAORDINARY GENERAL MEETING DATED JULY 15, 2026 Dear Member(s), This is in reference to the notice of Extraordinary General Meeting (“EGM Notice”) dated July 15, 2026 of the members of Ather Energy Limited (“Company”) scheduled to be held on Friday, August 14, 2026. The EGM Notice was dispatched to the members on July 18, 2026, in due compliance with the Companies Act, 2013 (the “Act”), the applicable rules and relevant circulars issued thereunder. In accordance with Regulation 28(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had filed applications with the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) (collectively, the “Stock Exchanges”) seeking in-principle approval in relation to the proposed preferential issue of equity shares and warrants of the Company, for which the approval of the shareholders is being sought. Thereafter, the NSE advised the Company to provide certain clarifications and additional information in relation to the proposed Preferential Issue, by way of a corrigendum to the EGM Notice. Accordingly, in continuation to the EGM Notice together with the explanatory statement annexed thereto, this corrigendum (“Corrigendum”) is being issued pursuant to and in connection thereof, and same shall be deemed to be an integral part of and should be read in conjunction with the EGM Notice. Capitalized words and expressions used but not defined herein shall have the same meaning as ascribed to such terms in the EGM Notice. Pursuant to the Corrigendum, Members are hereby informed and requested to note the following changes in the explanatory statement to Item No. 1 as set out in the EGM Notice: 1. Clarification to the Objects of the Issue In the explanatory statement forming part of the EGM Notice, under the heading “Objects of the Issue”, under the sub-heading “Expenditure towards marketing initiatives”, the reference to “INR 125.00 crores” shall be read as “INR 275.00 crores”. Accordingly, the relevant paragraph shall stand substituted and read as follows: “Expenditure towards marketing initiatives: The Company intends to utilise INR 275.00 crores of the Issue Proceeds towards funding its marketing initiatives through brand-building efforts, advertising and promotion of Ather products by use of online and offline media platforms, including television, print, outdoor media, social media, influencer marketing and through brand association by way of event sponsorships and product placement in movies, participation in industry events, channel partner engagement, public relations and other promotional activities for brand building and marketing the products.” 2. Clarification to Point no. XX In the explanatory statement forming part of the EGM Notice, under point XX. bearing heading “Current and proposed status of the Proposed Allottees post the Preferential Issue viz. promoter or non-promoter”, shall be read as follows: “The details of the current and proposed status of the Proposed Allottees post-Preferential Issue is as follows: No. Name of the Current No. of Equity Shareholdi Proposed Total No. of Sharehold Proposed Status Shares held ng in the Status Post Equity ing in the Allottee in the Company -Preferential Shares held Company Company Pre - Issue in the Post - Pre - Preferenti Company Preferenti Preferential al Issue1 Post - al Issue2&3 Issue 1 Preferential (%) Issue2&3 (%) 1. India Japan Non- 22,465,447 5.86% Non- 24,091,463 6.02% Fund (“IJF”), Promoter, Promoter, represented by QIB QIB and acting (registered (registered through its with SEBI as with SEBI as investment a Category a Category II manager, II Alternative National Alternative Investment Investment Investment Fund) and Fund) Infrastructure Fund Limited 2. Hero Promoter 115,083,252 30.02% Promoter 122,702,299 30.68% MotoCorp Limited 3. Mr. Tarun Promoter 19,257,732 5.02% Promoter 19,416,462 4.85% Sanjay Mehta 4. Mr. Swapnil Promoter 19,257,732 5.02% Promoter 19,416,462 4.85% Babanlal Jain As specified in the above table, Hero MotoCorp Limited, Mr. Tarun Sanjay Mehta and Mr. Swapnil Babanlal Jain are promoters of the Company prior to the completion of the Preferential Issue and will continue to remain Promoters of the Company post the completion of the Preferential Issue. Similarly, IJF is currently a non-promoter, and will continue to be a non-promoter post the Preferential Issue. Notes: 1. The Pre-Preferential issue shareholding is as on July 10, 2026, basis the issued and paid-up capital (without taking into consideration total outstanding ESOPs granted). 2. The Post-Preferential issue shareholding of the Proposed Allottees has been provided on a fully diluted basis, taking into consideration the total outstanding ESOPs granted, and on the presumption that all the 79,36,507 Warrants (in aggregate) issued to the Proposed Allottees will be fully converted. In the event that for any reason, the Proposed Allottees do not or are unable to subscribe to and/or not allotted such number of Equity Shares, the shareholding pattern in the above table would require consequential modifications, as necessary. The Post- Preferential issue shareholding of the Proposed Allottees also does not take into account possible change in shareholding pursuant to any further issuance of securities by the Company. 3. Further, the Post-Preferential issue shareholding pattern does not take into account the proposed qualified institutional placement ("QIP") by the Com [Showing first 8,000 characters — download PDF for full document]