Ethos Limited has inaugurated a new Ethos Watch Boutique at Treasure Island Mall in Indore, as disclosed in a regulatory filing dated May 15, 2026. The announcement was made under Regulation 30 and communicated to both BSE Limited and the National Stock Exchange of India Limited.

New Boutique in Indore

The newly launched boutique is located at G-12A, Ground Floor, Treasure Island Mall, 11 Tukoganj Main Road, Indore. The opening marks a significant milestone in strengthening the company's luxury brand portfolio and consolidates its presence in one of India’s prominent luxury retail markets. With this launch, the company continues to make exclusive brands more accessible to discerning customers in India.

Expanding Pan-India Presence

With the inauguration of this boutique in Indore, Ethos Limited now operates 100 boutiques across India. This addition to the network follows the recent opening of a boutique at Phoenix Mall of Asia in Bengaluru. The company continues its strategic vision of delivering unparalleled luxury experiences across key Indian cities.

Key details of the recent boutique openings are summarised below:

Signatory Details

The regulatory disclosure was signed by Munish Gupta, Chief Financial Officer of Ethos Limited, on May 15, 2026.

Source: None/Company/INE04TZ01018/eb308870-37f9-4f6c-80db-55a65358e2d6.pdf

Ethos Limited has submitted a statement of deviation or variation in the use of Rights Issue proceeds for the quarter ended March 31, 2026, pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular CIR/CFD/CMD1/162/2019 dated December 24, 2019. The company has confirmed that there are no deviations or variations in the utilisation of funds raised through the Rights Issue.

Rights Issue Overview

Ethos Limited raised up to Rs 40,990.50 lakh through a Rights Issue, with the date of raising funds recorded as July 04, 2025. CRISIL Ratings Limited has been appointed as the Monitoring Agency for overseeing the utilisation of these proceeds. The statement was signed by Munish Gupta, Chief Financial Officer, on May 12, 2026.

The key details of the Rights Issue are summarised below:

Fund Utilisation Details

The proceeds from the Rights Issue were earmarked across three objects: funding working capital requirements of the company, general corporate purposes (GCP), and issue-related expenses. No deviation from any of these stated objects has been reported. The table below presents the allocation and utilisation status as of the reporting date (amounts in Rs. Lacs):

Compliance and Disclosure

The statement has been filed with both BSE Limited and National Stock Exchange of India Limited in accordance with applicable regulatory requirements. The company has also made the aforesaid statement available on its website. The Audit Committee and auditors have offered no adverse comments on the fund utilisation for the quarter ended March 31, 2026.

The filing confirms that no proceeds were utilised towards any of the stated objects during the reported quarter, and the overall utilisation remains consistent with the original disclosures made in the placement document filed with the stock exchanges and the Registrar of Companies, Himachal Pradesh.