Date: October 26, 2026

Board Meeting Outcomes

The Board of Directors of Ather Energy Limited, at its meeting held on October 26, 2026 (commencing at 09:10 AM IST and concluding at 02:15 PM IST), considered and approved the following material item:

  • Approval for Manufacturing Capacity Expansion: The Board approved proposals for the enhancement of manufacturing capacity at the Company's factories located at Hosur, Tamil Nadu and Chhatrapati Sambhajinagar, Maharashtra (Factory 3.0, which is under construction). A total Capital Expenditure (CAPEX) of approximately INR 122 Crores (including taxes) has been earmarked for this expansion.

Capacity Expansion Details

The specific details of the expansion, as provided in Annexure A, are as follows:

Hosur Factory, Tamil Nadu

  • Existing Capacity: 420,000 units per annum
  • Existing Capacity Utilization: 98% at peak production
  • Proposed Capacity Addition: 75,000 units per annum
  • New Total Capacity: 495,000 units per annum
  • Expected Completion Date: December 2026
  • Investment Required: Up to INR 58 crore (including tax)
  • Mode of Financing: Combination of debt and internal accruals
  • Rationale: Scale up long-term manufacturing output to meet business demand

Factory 3.0, Chhatrapati Sambhajinagar, Maharashtra

  • Existing Status: Plant under construction
  • Planned Capacity: 500,000 units per annum
  • Proposed Capacity Addition: 150,000 units per annum
  • New Total Capacity: 650,000 units per annum
  • Expected Completion Date: Q2 FY28
  • Investment Required: Up to INR 64 crore (including tax)
  • Mode of Financing: Combination of debt and internal accruals
  • Rationale: Scale up long-term manufacturing output to meet business demand

Additional Investment Note

The investment for the Hosur factory includes a specific component of INR 53 crores allocated for a new battery line. This investment is intended to cater to demand scenarios and de-risk the supply chain. The expected completion for this battery line is Q3 FY28.

Other Sections

No material disclosures were provided under the following sections: KMP / Board / Auditor Changes, Dividend Declaration, Financial Results, Auditor’s Report, Disinvestment / Strategic Actions, Media Release / Investor Communication, or Other Operational / Legal / Strategic Disclosures.