Ethos Limited has inaugurated a new watch boutique at Indira Gandhi International Airport, Delhi, located at RU 07, Domestic Departures, Terminal 2. This expansion increases the company's retail footprint to 101 boutiques across India, reinforcing its presence in a key luxury market. The new store aims to make exclusive global brands more accessible to discerning customers in the country.

The opening marks a significant milestone in Ethos Limited's strategy to strengthen its luxury brand portfolio. By establishing a presence at one of India's most prominent airports, the company continues to deliver unparalleled luxury experiences aligned with its strategic vision.

Expansion Details

The following table outlines the key details of the new store opening:

The filing regarding this expansion was submitted to the exchanges on June 04, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE04TZ01018/2fda49163a4b4b2d.pdf

Ethos Limited has published the Notice of Postal Ballot in newspapers on June 3, 2026, to seek shareholder approval for the appointment of Mr. Munish Gupta as a Whole-time Director, Executive Director, and Chief Financial Officer. The notice was published in The Financial Express across multiple editions and in the Himachal Times. The appointment requires approval as the proposed remuneration exceeds the managerial remuneration limits calculated on the basis of effective capital under Part II, Section II (Clause A) of Schedule V of the Companies Act, 2013.

The postal ballot notice comprises two resolutions. The first is an ordinary resolution for the appointment of Mr. Munish Gupta (DIN – 09350096) as a Director of the Company. The second is a special resolution for his appointment as Whole-time Director with the functional designation of Executive Director and Chief Financial Officer, along with the payment of remuneration. Mr. Gupta was initially appointed as an Additional Director by the Board on May 12, 2026.

Remuneration Details

The Board, based on the recommendations of the Nomination & Remuneration Committee and the Audit Committee, has approved a remuneration structure for Mr. Gupta. The total remuneration is projected to rise from ₹ 144.0 Lacs in 2025-26 to ₹ 209.0 Lacs in 2028-29. Additionally, he will be entitled to a Long-Term Incentive Plan (LTIP) of ₹ 75 Lacs upon completion on March 31, 2029, subject to employment continuity and performance expectations.

*Variable pay shall not exceed 20% of the total remuneration.

E-Voting Schedule

The company has engaged KFin Technologies Limited as the Registrar and Transfer Agent to facilitate the remote e-voting process. The e-voting facility is available to members whose email addresses are registered with the depositories or the company as of the cut-off date, Friday, May 29, 2026.

Mr. Munish Gupta is a qualified Chartered Accountant and holds an Executive MBA from the Indian Institute of Management Ahmedabad. He possesses over 20 years of experience across sectors such as construction, hospitality, IT/travel, startup, and FMCG. He has been associated with Ethos Limited since March 1, 2024, serving as the Chief Financial Officer. The Board has recommended the passage of these resolutions, stating that his appointment would strengthen the company's leadership structure and financial oversight.