Elpro International Ltd — Important, 18-11-2025: Company Update

Elpro International has acquired 2,98,819 equity shares in Ather Energy Limited for INR 20.01 Cr through a cash transaction. This strategic move is for investment purposes, entering the growing 2/3 wheeler EV segment. Ather Energy, a pioneer in electric mobility, reported standalone revenue from operations of 2,255.00 Cr for FY25. This acquisition provides Elpro International with exposure to the electric vehicle ecosystem, aligning with its investment objectives in a rapidly expanding sector.