Interim report
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August 03, 2026 To National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai 400051 NSE Symbol: ATHERENERG To BSE Limited 1st Floor, Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400001 Scrip Code: 544397 Sub: Outcome of the Board Meeting held on August 03, 2026 Ref: Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we hereby inform you that the Board of Directors of the Company at their meeting held today i.e August 03, 2026, have considered and approved the following matters: 1. The unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026, together with the Limited Review Report issued by M/s. Deloitte Haskins & Sells, Chartered Accounts, Statutory Auditor of the Company. A copy of the unaudited standalone and consolidated financial results along with the Limited Review Report has been enclosed herewith. 2. Allotment of 3,67,875 equity shares of face value of INR 1/- each to eligible ESOP holders who have exercised their stock options under Ather Energy ESOP 2025 Plan. These shares shall rank pari -passu with the existing equity shares of the Company in all respects. The requisite details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are provided in Annexure A. 3. Grant of 80,223 Employee Stock Options (ESOPs) under Ather Energy ESOP 2025 (“ESOP Plan”) to the eligible employees of the Company. The requisite details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are provided in Annexure B. Publication of the results in the Newspaper is being done as required under the SEBI Listing Regulations.
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The Board Meeting commenced at 11:00 AM (IST) and concluded at 03:00 PM (IST). Kindly take the above information on record. Thank you For Ather Energy Limited Puja Aggarwal Company Secretary & Compliance Officer Membership No: A49310
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Deloitte Haskins & Sells Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF ATHER ENERGY LIMITED (FORMERLY KNOWN AS ATHER ENERGY PRIVATE LIMITED) 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Ather Energy Limited ("the Parent") and its subsidiary (the Parent and its subsidiary together referred to as "the Group"), for the quarter ended June 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting prir.iciples generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. The Statement includes the results of the following entities: Ather Insurance Limited, wholly owned subsidiary 5. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Bengaluru Date: August 03, 2026 Page 1 ofl For DELOITTE HASKINS & SELLS Chartered Accountants (Ficm's Regisv/fJ 080725) f Gun,inde, Singh Partner Membership No. 110128 UDIN: 26110128PLXMYT1322
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ATHER Ather Energy Limited (formerly known as Ather Energy Private Limited) CIN: L40100KA2013PLC093769 Regd. Office : 3rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560029, Kamataka, India Phone : (+91) 80 6646 5750; Email: cs@atherenergy.com; Website: www.atberenergy.com STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 Particulars Revenue from operations II Other income Ill Total income (I+ II) IV Expenses Cost of material consumed Purchase of stock-in-trade Oiange in inventories of finished goods, stock-in-trade and work-in-progress Employee benefits expenses Finance costs Depreciation and amortisation expenses Other expenses Total expenses (IV) V Loss before exceptional items and tax (III - IV) VI Exceptional items VII Loss before tax (V - VI) VIII Tax expense (]) Current tax (2) Deferred tax Total tax expense (VIII) IX Loss for the period/ year (VII - VIII) X Other comprehensive income (/} Items that will not be reclassified to profit or loss Re-measurement gain on defined benefit plans Income tax relating to above item Total Other comprehensive income for the period/ year (X) XI Total comprehensive loss for the period/ year (lX+X) XU Paid up Equity Share Capital XIII Other Equity XIV Loss per equity share in , (face value off l each) (not annualised for the period) (I) Basic (2) Diluted For the quarter ended June 30, 2026 (Unaudited) 1,216.92 42.73 1 259.65 957.32 32.94 (12.83) 118.17 21.58 38.96 154.60 l 310.74 (51.09) (51.09) jSl.09) (51.09) 38.3 1 (1.33) (1.33) (Amounts in~ crores. unless otherwise stated) For the quarter ended March 31, 2026 (refer note ix) 1,174.66 39.11 1,213.77 811.56 19.24 74.26 126.61 17.96 51.80 212.57 J.314.00 (100.23) (100.23) {100.23) 1.99 l.99 (98,24) 38,27 (2.62) (2.62) For the quarter ended June 30, 2025 (Unaudited) (refer note ix) 644.58 28.33 672.91 502.88 27.54 (12.34) 118.60 24.12 48.14 142.20 851.)4 (178.23) (178.23) (178.23} (178.23) 37.25 (5.23) (5.23) For the year ended March 31, 2026 (Audited) (refer note ix) 3,671.76 151.32 3 823.08 2,808 .15 97.04 (7.58) 481 .60 82.20 172.89 700.91 4.335.21 (512.13) 5.04 (517.17) 1517,l 71 0.42 0,42 (SJ6,7Sl 38.27 2,534.36 (1 3.99) (13.99)
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ATHER Ather Ener2v Limited (formerly known as Ather Ener2v Private Limited) CIN:IA0100KA2013PLC093769 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 Notes to the consolidated financial results for the quarter ended June 30, 2026 (i) The above consolidated financial results of Ather Energy Limited (formerly known as Ather Energy Private Limited) (the "Company" together with its subsidiary, the "Group") for the quarter ended June 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at it's meeting held on August 03, 2026. The consolidated financial results for the quarter ended Jnne 30, 2026 have been reviewed by Deloitte Haskins & Sells, the statutory auditors of the Company who have issued an llllmodified conclusion in respect of the limited review for the quarter ended June 30, 2026. (ii) The above consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified llllder Section 133 of Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). (iii) Subsequent to the quarter ended June 30, 2026, the Company has, by way of Qualified Institutions Placement in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, allotted 1,08, 15,307 Equity Shares, having face value on 'I' I each, at an issue price of 'I' 1,202 (including a secmity premium of< 1,201) per Equity Share, aggregating up to 'I' 1,300.00 crores. (iv) Subsequent to the quarter ended JUile 30, 2026, the Board of Directors of the Company, at its meeting held on July 15, 2026, approved raising of fund aggregating upto z 1,200 crores, subject to the approval of shareholders and other necessary approvals, if any, through the issuance of (i) up to 16,26,016 Equity Shares having face value of 'I' I each, at a price of 'I' 1,230 (including a premium of< 1,229) per Equity Share, for cash consideration, aggregating up to< 200.00 crores; (ii) up to 79,36,507 convertible warrants ("Warrants''), at an issue price of 'I' 1,260 per Warrant ("Warrant Issue Price"), each convertible into or exchangeable for, I Equity Share of the Company having face value on 1 each, at a premium of< 1,259 per Equity Share, for cash consideration, aggregating up to< 1,000.00 crores, against payment of 25% of the Warrant Issue Price at the time of Subscription and allotment of each Warrant with the balance 75% of the Warrant Issue Price payable at the time of conversion of the Warrants, which may be converted in one or more tranches, at the option of the Warrant Subscribers within a maximum period of 18 months from the date of allotment of the Warrants. (v) During the quarter ended June 30, 2026, pursuant to the approval of Board of Directors, the Company has issued 4,47 ,806 equity shares having a face value of < I/ each on account of exercise of employee stock options llllder ESOP. (vi) The Ministry of Envirorunent, Forest and Climate Change (MoEFCC) notified the Battery Waste Management Rules, 2022, on August 22, 2022 and issued amendments to the same from time to time. These regulations apply to producers (Manufacturers and Importers included), dealers, consumers, and entities involved in the collection, segregation, transportation, refurbishment, and recycling of all types of waste batteries. These regulations have significant implications for the Company being the producer of the batteries (obligation to be met even if the entity ceases operations). Further guidance or details regarding the practical challenges and concerns related to waste collection and the associated costs are awaited. Consequently, the Company is unable to reliably estimate a range of possible outcomes and potential impacts of these rules as at June 30, 2026. The Company will continue to assess its ability to measure the obligation as and when further guidance/details are available from the Ministrv. (vii) Dming the quarter ended June 30, 2026, the Company has incorporated a wholly owned subsidiary("WOS") namely, Ather Insurance Limited ("AIL") on May 27, 2026 which will act as a Corporate Agent to offer and facilitate insurance policies which will enable the Company to streamline its insurance offerings, enhruice customer experience and generate a recurring revenue stream by leveraging its existing user base. AIL is in the process of making an application to the Insurance Regulatory and Development Authority of India ("IRDAf') under the Insurance Regulatory and Development Authority (Registration of Corporate Agents) Regulations, 2015 ("!RDA! Regulations") to act as a "corporate agent". The financial results of the said subsidiary have been consolidated from the date of incorporation. Also refer note (ix) below. (viii) During the year ended March 31, 2026, the Board of Directors of the Company approved for tl1e incorporation of a Hong Kong based WOS company to support the Company's critical procurement functions and enhance supply chain resilience within the Asia-Pacific (AP AC) region. The Company is in process of the incorporation of the WOS company. (ix) Since the consolidated financial results are being prepared for the first time during the quarter ended June 30, 2026, the comparative figures reported in the consolidated financials results represent exclusively the standalone financial figures of the Company. (x) Based on the guiding principles given in IND AS 108 'Operating Segments', the Company's business activity fall within a single operating segment i.e. automotive segment, as the AIL, a wholly O\,ned subsidiary of the company in the business of insurance offerings in the capacity of Corporate Agent, is yet to commence operations, pending application to the IRDAI to act as an corporate agent. (xi) Effective from the quarter ended March 31, 2026, all the amounts included in the consolidated financial results are rounded off to the nearest crores, except per share data and unless stated otherwise. The comparative figures have been converted from 'I' million to < crore to maintain the consistency in presentation, any minor variances arising from this change are solely attributable to rounding off adjustments. The nmnber '0.00' in consolidated financial resnlts denotes amount less than , 50.000. For and on behalf of Board of Ather Energy Limited (formerly known as Ather Energy Private Limited) ~ ~ \ C)._~ ~ • • Taran Sanja~ Executive Director and Chief Executive Officer DIN: 06392463 Date: August 03, 2026 Place: Bengaluru
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Deloitte Haskins & Sells Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF ATHER ENERGY LIMITED (FORMERLY KNOWN AS ATHER ENERGY PRIVATE LIMITED) 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Ather Energy Limited ("the Company"), for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Bengaluru Date: August 03, 2026 Page 1 of 1 For DELOITTE HASKINS & SELLS Chartered Accouptants (Firm's Registr ; 7 ,8072S) f Gurvinder Singh Partner Membership No.110128 UDIN : 26110128HGQUYO3271
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ATHER Ather Energy Limited (formerly known as Ather Energy Private Limited) CIN: IA0IO0KA2013PLC093769 Regd. Office : 3rd Floor, Tower D, IBC Knowledge Park , #4/1 Ban nerghatta Main Road , Bangalore 560029, Karnataka, India Phone: (+91) 80 6646 5750; Email: cs@atherenergy.com; Website: www.atherenergy.com STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 Particulars Revenue from operations II Other income m Total income (I+ II) N Expenses Cost of material consumed Purchase of stock-in-trade Change in inventories of finished goods, stock-in-trade and work-in-progress Employee benefits expenses Finance costs Depreciation and amortisation expenses Other expenses Total expenses (N) V Loss before exceptional items and tax (III - IV) VI Exceptional items VII Loss before tax (V - VI) vm Tax expense (I) Current tax (2) Deferred tax Total tax expense (VIII) IX Loss for the period/ year (Vil - VIII) X Other comprehensive income {}) ltems that will not be reclassified to profit or loss Re-measurement gain on defined benefit plans Income tax relating to above item Total Other comprehensive Income for the period/ year (X) XI Total comprehensive loss for the period/ year (IX+X) XII Paid u1> Equity Share Capital XJII Other Equity XIV Loss per equity share inf (face value off 1 each) (not annualised for the period) (1) Basic (2) Diluted For the quart er ended June 30, 2026 (Unaudited) 1,216.92 42.73 1 259.65 957.32 32.94 (12.83) 118.17 21.57 38.94 154.41 1,310.52 (50.87) (50.87) (50.87) (50.87) 38.31 (1.33) (1.33) (Amounts in ~ crores, unless otherwise stated l For the quarter ended March 31, 2026 (refer note ix) 1,174.66 39.11 1 213.77 811.56 19.24 74.26 126.61 17.96 51.80 212.57 1,314.00 (100.23) (100.23) (100.23) 1.99 1.99 (98.24) 38.27 (2.62) (2 62) For the quarter ended June 30, 2025 (Unaudited) 644.58 28.33 672.91 502.88 27.54 (12.34) 118.60 24.12 48,14 142.20 851.14 (178.23) (178.23) (178.23) (178.23) 37.25 (5.23) (5.23) For the year ended March 31, 2026 (Audited) 3,671.76 151.32 3 823.08 2,808.15 97.04 (7.58) 481.60 82.20 172.89 700,91 4,335.21 (512.13) 5.04 (517.17) (517.17) 0.42 0.42 (516.75) 38.27 2.534.36 (13,99) (13.99)
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ATHER Ather Ener2v Limited (formerly known as Ather Ener2v Private Limited) CIN:IA0100KA2013PLC093769 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 Notes to the standalone financial results for the quarter ended June 30, 2026 (i) The above standalone financial results of Ather Energy Limited (formerly known as Ather Energy Private Limited) ("the Company") for the quarter ended June 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at it's meeting held on August 03, 2026. The standalone financial results for the quarter ended June 30, 2026 have been reviewed by Deloitte Haskins & Sells, the statutory auditors of the Company who have issued an unmodified conclusion in respect of the limited review for the quarter ended June 30, 2026. (ii) The above standalone financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). (iii) Subsequent to the quarter ended June 30, 2026, the Company has, by way of Qualified Institutions Placement in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, allotted 1,08,15,307 Equity Shares, having face value on< 1 each, at an issue price of< 1,202 (including a security premium of< 1,201) per Equity Share, aggregating up to< 1,300.00 crores. (iv) Subsequent to the quarter ended June 30, 2026, the Board of Directors of the Company, at its meeting held on July 15, 2026, approved raising of fund aggregating upto < 1,200 crores, subject to the approval of shareholders and other necessary approvals, if any, through the issuance of (i) up to 16,26,016 Equity Shares having face value of< 1 each, at a price of< 1,230 (including a premium of< 1,229) per Equity Share, for cash consideration, aggregating up to< 200.00 crores; (ii) up to 79,36,507 convertible warrants ("Warrants"), at an issue price of< 1,260 per Warrant ('Warrant Issue Price'), each convertible into or exchangeable for, I Equity Share of the Company having face value of< 1 each, at a premium of< 1,259 per Equity Share, for cash consideration, aggregating up to< 1,000.00 crores, against payment of 25% of the Warrant Issue Price at the time of Subscription and allotment of each Warrant with the balance 75% of the Warrant Issue Price payable at the time of conversion of the Warrants, which may be converted in one or more tranches, al the option of the Warrant Subscribers within a maximum period of 18 months from the date of allotment of the Warrants. (v) During the quarter ended June 30, 2026, pursuant to the approval of Board of Directors, the Company has issued 4,47,806 equity shares having a face value of< ]/ each on account of exercise of employee stock options under ESOP. (vi) The Ministry of Environment, Forest and Climate Change (MoEFCC) notified the Battery Waste Management Rules, 2022, on August 22, 2022 and issued amendments to the same from time to time. These regulations apply to producers (Manufacturers and Importers included), dealers, consumers, and entities involved in the collection, segregation, transportation, refurbishment, and recycling of all types of waste batteries. These regulations have significant implications for the Company being the producer of the batteries (obligation to be met even if the entity ceases operations). Further guidance or details regarding the practical challenges and concerns related to waste collection and the associated costs are awaited. Consequently, the Company is unable to reliably estimate a range of possible outcomes and potential impacts of these rules as at June 30, 2026. The Company will continue to assess its ability to measure the obligation as and when further guidance/details are available from the Ministry. (vii) During the quarter ended June 30, 2026, the Company has incorporated a wholly owned subsidiary ("WOS") namely, Ather Insurance Limited ("AIL") on May 27, 2026 which will act as a Corporate Agent to offer and facilitate insurance policies which will enable the Company to streamline its insurance offerings, enhance customer experience and generate a recurring revenue stream by leveraging its existing user base. AIL is in the process of making an application to the Insurance Regulatory and Development Authority of India (''IRDAI') under the Insurance Regulatory and Development Authority (Registration of Corporate Agents) Regulations, 2015 ("IRDAI Regulations'') to act as a "corporate agent". (viii) During the year ended Marci, 31, 2026, the Board of Directors of the Company approved for the incorporation of a Hong Kong based WOS company to support the Company's critical procurement functions and enhance supply chain resilience within the Asia-Pacific (AP AC) region. The Company is in process of the incorporation of the WOS company. (ix) The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year ending March 31, 2026 and the unaudited published figures for nine months ended December 31, 2025, which were subjected to limited review. (x) Based on the guiding principles given in IND AS 108 'Operating Segments', the Company's business activity fall within a single operating segment i.e. automotive segment. (xi) Effective from the quarter ended March 31, 2026, all the amounts included in the standalone financial results are rounded off to the nearest crores, except per share data and unless stated otherwise. The comparative figures have been converted from < million to ~ crore to maintain the consistency in presentation, any minor variances arising from this change are solely attributable to rounding off adjustments. The number '0.00' in standalone financial results denotes amount less than ~ 50,000. For and on behalf of Board of Ather Energy Limited (formerly known as Ather Energy Private Limited) ---r~~ TarunSa ~ Executive Director-and Chief Executive Officer DIN: 06392463 Date: August 03, 2026 Place: Bengaluru
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Annexure A S No. Particulars Details 1. Type of securities proposed to be issued Equity shares having face value of INR 1/- each 2. Type of issuance ESOP allotment 3. Total number of securities proposed to be issued 3,67,875 (Three Lakh Sixty-Seven Thousand Eight Hundred and Seventy-Five) ATHER Ather Energy Limited (former ly known as At her Energy Private Limited), 3rd Floor, Tower D, IBC Knowledge Park Bannerghatta Main Road, Bengaluru , Karnataka 560029 Website: www.atherenergy.com Phone : +9180 66465750 Email : cs@atherenergy.com CIN Number: L40100KA2013PLC093769
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Annexure B S No. Particulars Details 1. Brief details of options granted 80,223 Employee Stock Options (ESOPs) were granted pursuant to Ather Energy ESOP 2025 to the eligible employees of the Company. 2. Whether the scheme is in terms of SEBI (SBEB) Regulations, 2021 (if applicable) Yes 3. Total number of shares covered by these options 80,223 equity shares of the Company having a face value of INR 1/- each (Rupee One each). 4. Pricing formula Exercise Price is INR 1/- (Rupee One) per ESOP. 5. Time within which option may be exercised Exercise Period shall be a period of five years from the date of vesting, within which the vested options may be exercised by the option grantee. 6. Brief details of significant terms The ESOP Plan is administered by the Nomination and Remuneration Committee of the Company. The grant of ESOPs is based on and governed by the ESOP Plan approved by the shareholders. Each vested option confers a right upon the option grantee to apply for one equity share of the Company. 7. Options vested Not applicable 8. Options exercised 9. Money realized by exercise of options 10. The total number of shares arising as a result of exercise of option; 11. Options lapsed 12. Variation of terms of options 13. Subsequent changes or cancellation or exercise of such options 14. Diluted earnings per share pursuant to issue of equity shares on exercise of options. ATHER Ather Energy Limited (former ly known as At her Energy Private Limited), 3rd Floor, Tower D, IBC Knowledge Park Bannerghatta Main Road, Bengaluru , Karnataka 560029 Website: www.atherenergy.com Phone : +9180 66465750 Email : cs@atherenergy.com CIN Number: L40100KA2013PLC093769