Aether Industries Ltd.

In accordance with Regulation 32 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended from time to time, Aether Industries has confirmed that there is no deviation or variation in the use of proceeds from the objects stated in the Placement Document dated June 22, 2023 for Qualified Institutions Placement (QIP). The company has submitted the Statement of deviation or variation, duly reviewed by the Audit Committee.