Further to our earlier intimation on the captioned subject, we wish to inform you that the Fund Raise Committee of the Board of Directors of Ather Energy Limited (\the Company\) at its meeting held today, i.e. July 20, 2026 has, inter alia, considered and approved the following:\r\na. approved and declared the closure of the Issue \r\nb. determined and approved the allocation of 1,08,15,307 Equity Shares of face value of INR 1 each to be allotted to eligible qualified institutional buyers at an issue price of INR 1, 202 per Equity Share\r\nc. approved and adopted the placement document dated July 20, 2026\r\nd. approved and finalized the confirmation of allocation note