Ethos Limited has announced the resignation of Mr. Mukul Krishan Khanna from his position as Whole Time Director, effective March 31, 2026. The company informed both BSE Limited and National Stock Exchange of India Limited about this board composition change in compliance with SEBI regulations.

Board Composition Change Details

The resignation has been formally communicated to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details about the directorship change as required by regulatory frameworks.

Reason for Resignation

In his resignation letter addressed to the Chairman and Managing Director, Khanna explained that he is stepping down from the board to focus on expanded operational responsibilities within the company. He mentioned accepting additional responsibilities including critical location functions and coordination with Ethos Lifestyle.

Khanna clarified in his letter that the resignation is specifically from his position as Whole Time Director on the Board, while he will continue supporting the company's business operations and growth in his executive role within the group.

Regulatory Compliance

The company has fulfilled all regulatory requirements for announcing board changes. Company Secretary and Compliance Officer Shubham Kandhway signed the official communication, confirming that all necessary documentation has been submitted to the stock exchanges.

Khanna confirmed in his resignation letter that there are no other material reasons for his resignation beyond those stated in his official communication. He also requested that the notice period requirement for stepping down as a board member be waived, given his continued executive role within the group.

Company Information

Ethos Limited maintains its registered office in Parwanoo, Himachal Pradesh, with corporate office in Chandigarh and head office in Gurugram, Haryana. The company trades on stock exchanges under the symbol ETHOSLTD with scrip code 543532.

Ethos Limited has announced the successful completion of its postal ballot process, with shareholders approving the re-appointment of Mr. Yashovardhan Saboo as Chairman and Whole-Time Director. The company informed stock exchanges on March 28, 2026, that the special resolution was passed with requisite majority through remote e-voting process.

Voting Results and Participation

The postal ballot witnessed significant shareholder participation, with 79.42% of total outstanding shares taking part in the voting process. Out of 2,67,57,693 total shares, 2,12,50,326 shares were polled during the e-voting period.

Resolution Outcome

The special resolution for Mr. Yashovardhan Saboo's re-appointment received strong support from shareholders. A total of 1,71,13,605 shares voted in favour, representing 80.53% of the polled votes, while 41,36,721 shares voted against the resolution, accounting for 19.47% of polled votes.

Category-wise Voting Breakdown

The voting pattern showed distinct preferences across different shareholder categories. Promoter and Promoter Group demonstrated unanimous support with 100% votes in favour, while institutional holders showed mixed response with 46.03% voting in favour and 53.97% against the resolution.

Appointment Details

Mr. Yashovardhan Saboo (DIN – 00012158) has been re-appointed as Chairman and Whole-Time Director for a term of three years, commencing April 1, 2026 and concluding on March 31, 2029. The resolution was deemed passed on March 27, 2026, being the last date of remote e-voting.

Postal Ballot Process

The postal ballot process was conducted in compliance with applicable regulations including Sections 108 and 110 of the Companies Act, 2013, and SEBI Listing Regulations. The e-voting facility was provided by KFIN Technologies Limited, with the voting period commencing on February 26, 2026 at 9:00 a.m. and concluding on March 27, 2026 at 5:00 p.m.

The company had sent postal ballot notices through electronic mode to 40,313 shareholders on record as of the cut-off date of February 20, 2026. Jaspreeet Singh Dhawan, Practicing Company Secretary, served as the scrutinizer for the postal ballot process and submitted his report confirming the validity of the voting results.