13-Jun-2026 20:25:18

ATHER ENERGY : RAISING FUNDS VIA INSTITUTIONAL PLACEMENT

• Company seeks member approval for raising funds up to ₹1,500 Cr via Qualified Institutions Placement (QIP) • Funds to be used for R&D, marketing, debt repayment, and general corporate purposes • Resolution is an enabling one, with the Board to decide terms, pricing, and timing of the issue • Allotment to be made to eligible Qualified Institutional Buyers (QIBs) within 365 days • No equity shares to be issued to promoters or related persons under ICDR regulations • Securities to rank pari passu with existing equity shares

Ather Energy Limited

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