Allotment of Securities

August 25, 2026 To, To National Stock Exchange of India Limited 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: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to the allotment of 16,26,016 equity shares and 79,36,507 convertible warrants in relation to preferential issue This is in furtherance of the Board Meeting of Ather Energy Limited (“Company”) held on July 15, 2026, the subsequent approval granted by the shareholders of the Company, vide their resolution passed in the extra- ordinary general meeting held on August 14, 2026, and our earlier intimations to the stock exchanges in connection with the issuance of equity shares and convertible warrants of the Company on a preferential basis. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), as amended, we wish to inform that the Board of Directors of the Company vide circular resolution passed today i.e., August 25, 2026 has approved the allotment of 16,26,016 (Sixteen Lakh Twenty-Six Thousand Sixteen) fully paid-up equity shares of the Company having face value of INR 1 (Indian Rupee One only) each, at an issue price of INR 1,230 (Indian Rupees One Thousand Two Hundred and Thirty only) (including a premium of INR 1,229 (Indian Rupees One Thousand Two Hundred and Twenty-Nine only) per equity share, aggregating up to INR 1,99,99,99,680 (Indian Rupees One Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Six Hundred Eighty only) and 79,36,507 (Seventy-Nine Lakh Thirty-Six Thousand Five Hundred and Seven) convertible warrants of the Company (“Warrants”), at an issue price of INR 1,260 (Indian Rupees One Thousand Two Hundred and Sixty only) per Warrant (“Warrant Issue Price”) (each convertible into, or exchangeable for, 1 (one) fully paid-up equity share of the Company having face value of INR 1 (Indian Rupee One) at a premium of INR 1,259 (Indian Rupees One Thousand Two Hundred and Fifty Nine only) per equity share, aggregating up to INR 9,99,99,98,820 (Indian Rupees Nine Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Eight Thousand Eight Hundred Twenty only) (such equity shares and Warrants so allotted, the “Subscription Securities”), to the following allottees, in the manner set out in the table hereunder. Pursuant to the terms of securities as approved by the Board and shareholders, only 25% (twenty five percent) of the Warrant Issue Price were to be paid at the time of subscription of the Warrants, and the remaining amount, being 75% (seventy five percent) of the Warrant Issue Price, shall be payable by the Warrant holder at the time of conversion of each Warrant, which may be converted at the option of the Warrant holder, within a period of 18 (eighteen) months from the date of allotment of such Warrants, in one or more tranches. S. Name of the Class of Number of Aggregate Total subscription No. Allottees Security securities Subscription Amount amounts received on accepted the date of allotment subscribed to in the offer 1. 1. India Japan Equity 16,26,016 INR 1,99,99,99,680/- INR 1,99,99,99,680/- Fund, (IJF) Shares (Sixteen (Indian Rupees One (Indian Rupees One registered Lakh Hundred Ninety-Nine Hundred Ninety-Nine with SEBI as a Twenty-Six Crore, Ninety-Nine Crore, Ninety-Nine Lakh, Category II Thousand Lakh, Ninety-Nine Ninety-Nine Thousand, Alternative Sixteen) Thousand, Six Six Hundred Eighty only) Investment Hundred Eighty only) Fund having registration number IN/AIF2/23- 24/1324, represented by and acting through its investment manager, National Investment Infrastructure Fund Limited. 2. 2. Hero Warrants 76,19,047 INR 9,59,99,99,220/- INR 2,39,99,99,805/- MotoCorp (Seventy-Six (Indian Rupees Nine (Indian Rupees Two Limited Lakh Hundred Fifty-Nine Hundred Thirty-Nine Nineteen Crore Ninety-Nine Crore Ninety-Nine Lakh Thousand Lakh Ninety-Nine Ninety-Nine Thousand Forty-Seven) Thousand Two Eight Hundred Five only) Warrants Hundred Twenty only) * 3. 3. Mr. Tarun Warrants 1,58,730 INR 19,99,99,800 INR 4,99,99,950 Sanjay Mehta (One Lakh (Indian Rupees (India Rupees Four Fifty-Eight Nineteen Crore Crore Ninety-Nine Lakh Thousand Ninety-Nine Lakh Ninety-Nine Thousand Seven Ninety-Nine Thousand Nine Hundred Fifty Hundred Eight Hundred only) only)* Thirty) Warrants 4. 4. Mr. Swapnil Warrants 1,58,730 INR 19,99,99,800 INR 4,99,99,950 Babanlal Jain (One Lakh (Indian Rupees (India Rupees Four Fifty-Eight Nineteen Crore Crore Ninety-Nine Lakh Thousand Ninety-Nine Lakh Ninety-Nine Thousand Seven Ninety-Nine Thousand Nine Hundred Fifty Hundred Eight Hundred only) only)* Thirty) Warrants * Being 25% of the aggregate amount payable for subscription of the Warrants, as the upfront payment. In line with the Regulation 28(1) of SEBI LODR Regulations, the Company has received in-principle approvals from the National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) vide their letters, each dated August 17, 2026, in relation to the issue of the aforesaid equity shares and Warrants on a preferential basis. Consequent to the said allotment, the paid-up equity share capital of the Company stands increased from INR 39,44,93,184 (consisting of 39,44,93,184 equity shares of face value of INR 1 (Indian Rupee One) each) to INR 39,61,19,200 (consisting of 39,61,19,200 equity shares of face value of INR 1 (Indian Rupee One) each). The equity shares as well as the equity shares allotted on conversion of the Warrants, shall rank pari-passu, in all respects, with the existing equity shares of the Company. The aforesaid equity shares shall be listed on the NSE and BSE, upon receipt of the relevant listing approvals. The Warrants shall remain unlisted, and the equity shares allotted on conversion of the Warrants shall be listed on the NSE and BSE, upon receipt of the listing approvals, that will be obtained at the relevant point in time. Further, the Subscription Securities shall be locked in as specified under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. 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”) are provided in Annexure A. This intimation shall be made available on the Company’s website. This is for your information and records. Yours faithfully, For Ather Energy Limited Puja Aggarwal Company Secretary & Compliance Officer ICSI Membership No: A49310 Annexure A S No. Particulars Details 1. Type of securities issued and Equity shares having face value of INR 1 each (“Equity allotted (viz. equity shares, Shares”) and fully convertible warrants (each warrant convertibles etc.) convertible into 1 (one) Equity Share of the Company having face value of INR 1 (Rupees One) each) (“Warrants”). 2. Type of issuance (further Allotment of Equity Shares and Warrants pursuant to a public offering, rights issue, preferential issue, on a private placement basis, in depository receipts accordance with the provisions of Chapter V of the Securities (ADR/GDR), qualified and Exchange Board of India (Issue of Capital and Disclosure institutions placement, Requirements) Regulations, 2018, and Sections 42 and 62 of preferential allotment etc.) the Companies Act, 2013 and the rules thereunder and other applicable laws. 3. Total no. of securities issued (i) 16,26,016 fully-paid up Equity Shares of face value of INR 1 or the total amount for which each, at an issue price of INR 1,230 each (including a premium the securities have been of INR 1,229 each (“Equity Issue Price”), aggregating to an issued (approximately) amount of INR 199.99 crore; and (ii) 79 [Showing first 8,000 characters — download PDF for full document]