Shareholders meeting

August 19, 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, Subject: Proceedings of 13th Annual General Meeting We wish to inform you that the 13th Annual General Meeting (AGM) of the Company was held today i.e. August 19, 2026 through Video Conferencing (VC) in compliance with circulars issued by Ministry of Corporate Affairs (MCA), Securities and Exchange Board of India (SEBI) and other applicable provisions of the Companies Act, 2013. In this regard, please find enclosed herewith the proceedings of the 13th AGM in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is for your information and records. Thank you, For Ather Energy Limited Puja Aggarwal Company Secretary & Compliance Officer Membership No: A49310 PROCEEDINGS OF THE 13TH ANNUAL GENERAL MEETING (AGM) OF ATHER ENERGY LIMITED HELD ON WEDNESDAY, AUGUST 19, 2026 AT 11:00 AM (IST) THROUGH VIDEO CONFERENCING (‘VC’) DIRECTORS PRESENT THROUGH VC: Ms. Neelam Dhawan - Non-executive Independent Director (Chairperson of the Board and Chairperson of Stakeholder Relationship Committee) Mr. Kaushik Dutta - Non-executive Independent Director (Chairperson of Audit Committee & Risk Management Committee) Mr. Sanjay Nayak -Non-executive Independent Director (Chairperson of Nomination and Remuneration Committee) Mr. Tarun Sanjay Mahta - Executive Director & CEO Mr. Swapnil Babanlal Jain - Executive Director & CTO Mr. Ram Kuppuswamy - Non-executive Director Mr. Vivek Anand - Non-executive Director KEY MANAGERIAL PERSONNEL PRESENT THROUGH VC: Mr. Sohil Dilipkumar Parekh - Chief Financial Officer Ms. Puja Aggarwal - Company Secretary & Compliance Officer PRESENT BY INVITATION THROUGH VC: Mr. Gurvinder Singh - Partner, Deloitte Haskins & Sells, Statutory auditors Mr. Biswajith Ghosh - Partner, M/s. BMP & Co LLP, Secretarial Auditor & Scrutinizer for E-voting MEMBERS PRESENT: 66 Members were present at the AGM through VC. The AGM commenced at 11:00 AM (IST). PROCEEDINGS: The 13th Annual General Meeting of the members of Ather Energy Limited was held through Video Conferencing (“VC”) in accordance with the circular(s) issued by the Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India (“SEBI”) and as per the applicable provisions of the Companies Act, 2013 and the Rules made thereunder. The deemed venue for the AGM was the Registered Office of the Company. Ms. Neelam Dhawan, Chairperson of the Board took the Chair and welcomed all Members to the 13th AGM of the Company. The Chairperson informed that the proceedings of the AGM will be made available on the website of the Company and stock exchanges and a live streaming of the meeting was also being webcast on the website of NSDL. The Chairperson upon confirmation of the requisite quorum being present, called the meeting to order. Thereafter, the Chairperson introduced Directors, Key Managerial Personnels and representatives of Statutory Auditors and Secretarial Auditors & Scrutinizer for e-voting who were virtually attending the meeting from their respective locations. She further informed that Mr. Pankaj Sood, Non-executive Director, was unable to attend the meeting and had sent his regards. The Chairperson further requested Ms. Puja Aggarwal, Company Secretary & Compliance Officer, to brief the shareholders about certain instructions for participating in the meeting through VC. Ms. Puja informed the shareholders that the AGM was being held through VC in accordance with the Companies Act, 2013 and Circulars issued by the MCA and SEBI and the Company had taken all necessary steps to enable shareholders participation through VC and cast their votes on the business being considered at the AGM. She further informed that the shareholders who had registered to speak at the AGM will be allowed to speak once the floor was opened for questions and answers by the Chairperson and the shareholders could also post their views or questions on the chat box. The statutory registers along with the documents referred to in the notice of the AGM were available for inspection by the shareholders during the AGM. Shareholders seeking to inspect such documents could send an email request to the Company. It was further informed that, the Company had provided the facility to cast votes electronically on all resolutions set forth in the notice and shareholders who had not yet cast their votes and who were participating in the AGM would have the opportunity to cast their vote through the e-voting system provided by NSDL during the meeting. Those shareholders who had cast their vote through remote e- voting prior to the AGM could also attend the AGM but shall not be entitled to cast their votes again. The Chairperson then delivered her speech capturing key highlights of FY 2025-26. She also emphasized that the year saw continued progress across product and technology platforms, alongside investments in manufacturing and capacity at AURIC. Together, these strengthened Ather’s ability to serve a much larger customer base and build for the next phase of growth. The Company shall remain focused on building a strong, enduring business and creating long-term value for shareholders. She thereafter requested Mr. Tarun Sanjay Mehta, Executive Director & CEO, to address the shareholders. Mr. Tarun addressed the shareholders highlighting the business operations, financial performance, market share, product portfolio, network expansion, and strategic growth outlook of the Company. He highlighted expansion of the company’s operations in Nepal and Sri Lanka and the opportunities to take the product and customer experience to international markets and scale it over time. A detailed update on the first product on the EL platform- Konarc along with its launch timelines was given. The Chairperson thereafter conducted the proceeding of the AGM. She informed that the AGM Notice dated July 27, 2026, the statement of Profit and Loss for the year ended March 31, 2026 and the Balance Sheet dated March 31, 2026 together with the report of the Board of Directors and the Auditors had been circulated to the shareholders and the same was taken as read with their permission. She further confirmed that there were no qualifications, observations or comments in the Auditor’s report on financial statements or matters which could have any adverse effect on the functioning of the Company. Thereafter, the Chairperson read out the following business item nos. 1 to 4 of the Notice providing a brief on each proposal: Ordinary Business 1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon proposed to be passed as an ordinary resolution. 2. To appoint a director in place of Mr. Ram Kuppuswamy (DIN: 09817635), who retires by rotation and being eligible, offers himself for re-appointment proposed to be passed as an ordinary resolution. 3. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company proposed to be passed as an ordinary resolution. Special Business 4. Extension of the benefits of ‘Amended and Restated Ather Energy ESOP Plan 2025’ to the employees of subsidiary companies proposed to be passed as a special resolution. After all the items were read, the Chairperson opened the floor for questions by the shareholders. The shareholders who had registered to speak at the AGM were invited in turns to ask their questions. The Board of Directors and members of the Management answered all the questions raised by the shareholders. It was further informed that shareholders with additional queries, or whose questions remained unanswere [Showing first 8,000 characters — download PDF for full document]