Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in furtherance of to our earlier letter dated ....

AI summary - Q2 FY27 industry E2W registrations grew 82% y-y, pan-India penetration crossed 11.2% - Ather Q2 FY27 wholesale volume grew 42% y-y to 93,000 units; registrations up 60% y-y - Average ex-showroom price rose to INR164,000 (+INR14,000 vs Q4 FY26); AtherStack Pro attach rate 94% - Gross margin improved 5.3% structurally; commodity inflation hit margins by 9.4% - EBITDA margin improved 1450 bps y-y to positive 4.9%; business achieved positive PAT for first time - Capacity expansion: Hosur +6,000 units/month live Q3 FY27; AURIC Phase 1 +12,000 units/month by Q2 FY28; total capacity 1.14 million units/year - Konarc launched phased in northern and other markets; strong demand and inquiries; mid variants prioritized over entry - No price hikes planned in Q3; commodity costs stable; non-vehicle revenue at 15%, mainly AtherStack Pro - Dealer network expansion to resume from Q4 FY27 with capacity ramp-up - Electric motorcycle launch timeline not disclosed yet