Ather Energy Limited has announced the re-appointment of M/s. Protiviti India Member Private Limited as the company's internal auditors for the financial year 2026-27. The decision was made during a board meeting held on April 23, 2026, following recommendations from the Audit Committee.

Board Meeting Details

The Board of Directors convened on April 23, 2026, to deliberate on various matters including the internal auditor appointment. The meeting commenced at 02:30 PM (IST) and concluded at 04:10 PM (IST). The re-appointment was formally approved during this session.

About Protiviti India

Protiviti India Member Private Limited brings substantial expertise to Ather Energy's internal audit function. The firm is positioned as one of the largest independent global consulting firms and operates as a subsidiary of Robert Half International, which is NYSE listed and part of the S&P 500 Index.

The consulting firm specializes in several core areas of expertise:

• Risk Management
• Process Advisory services
• Internal Audits
• ICFR (Internal Control over Financial Reporting)
• Compliance Audits
• SOX compliance
• Technology Consulting
• Business Consulting

Protiviti's Market Presence

Protiviti maintains a significant presence in the Indian market, serving a diverse client base across various sectors. The firm's credentials include:

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under Schedule III Part A of the SEBI Listing Regulations, ensuring full transparency regarding the appointment process.

The re-appointment reflects Ather Energy's commitment to maintaining robust internal audit practices and regulatory compliance. With Protiviti's extensive experience in risk management and process advisory services, the partnership is expected to strengthen the company's internal control framework for the upcoming financial year.

Ather Energy Limited has officially declared to the National Stock Exchange and BSE that it does not meet the criteria for classification as a Large Corporate under SEBI's debt securities framework. The declaration was submitted on April 24, 2026, through a formal communication signed by Company Secretary Puja Aggarwal and Chief Financial Officer Sohil Dilipkumar Parekh.

SEBI Framework Non-Applicability

The company's declaration references SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which established the framework for fund raising through issuance of debt securities by Large Corporates. Ather Energy has confirmed that it does not meet the criteria defined under point 3.2 of the circular for Large Corporate classification.

Financial Position Disclosure

As part of the mandatory disclosure format, Ather Energy provided key financial details in its submission to the exchanges:

The company's outstanding borrowing figure of ₹513.07 crores as of March 31, 2026, appears to be below the threshold that would classify it as a Large Corporate under SEBI's framework.

Regulatory Compliance

The declaration was submitted in the prescribed format as Annexure A, fulfilling the company's regulatory obligations. Both key executives digitally signed the document, with Company Secretary Puja Aggarwal (Membership No: A49310) and CFO Sohil Dilipkumar Parekh providing their attestations.

Since Ather Energy does not qualify as a Large Corporate, the specific framework requirements for debt securities issuance by Large Corporates will not apply to the company's future fundraising activities through debt instruments.