Ather Energy Limited — Important, 20-07-2026: Committee Meeting Updates

Ather Energy's Fund Raise Committee has successfully closed its Qualified Institutions Placement (QIP). The company allocated 1,08,15,307 Equity Shares to eligible qualified institutional buyers at an issue price of INR 1,202 per share, including a premium of INR 1,201. This capital raise totals approximately INR 1,300.05 Cr, significantly bolstering the company's financial position. This move supports future business expansion and operational requirements. The committee also approved the placement document and confirmed allocation notes, marking the completion of this fundraising initiative.