Company Clarification on Media Report

NSE Symbol: ATHERENERG

Summary of the Company's Response

This document is a formal clarification from Ather Energy Limited addressed to the National Stock Exchange of India Ltd. and BSE Limited. It is in response to an exchange query regarding a media article and serves to confirm the company's compliance with disclosure regulations.

Date of Communication and Nature of Query

  • The company's response is dated July 08, 2026.
  • The query from the stock exchanges was received via email on July 08, 2026.
  • The query sought clarification on a news article titled "Ather Energy picks army of 12 investment banks ahead of capital raise" dated July 08, 2026, published on www.moneycontrol.com.

Company’s Clarification on Fundraising and Events

  • The company provided a chronological sequence of events related to its fundraising plans.
  • On June 12, 2026, the company had intimated the stock exchanges that its Board of Directors had approved raising funds by issuing securities.
  • The total approved fundraising is up to INR 2,500 Crores in aggregate.
  • This includes a Qualified Institutions Placement (QIP) of up to INR 1,500 Crores.
  • A Postal Ballot has been dispatched to the company's members to seek approval for the issuance of equity shares through the QIP in one or more tranches.
  • The results of this postal ballot will be intimated to the stock exchanges after its conclusion.

Regulatory Compliance with SEBI LODR Regulations

  • The company explicitly references its obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations).
  • It states that all material events and information required to be disclosed under these regulations regarding the proposed fund raise have been duly disclosed.
  • The company commits to informing the stock exchanges of all further developments as required by the SEBI LODR Regulations.

Clarification on Trading Volume and Undisclosed Information

  • In response to a specific query under Regulation 30 of the SEBI LODR Regulations, 2015, the company confirms it is not aware of any information that has not been announced to the stock exchanges which could explain any movement in the trading of its equity shares.
  • It reaffirms that all material events and information have been duly disclosed.

Material Impact of the Article

  • The company states it is not aware of any material impact the article may have on its business, operations, or financial position.