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.

Ethos Limited has officially announced the opening of a new luxury watch boutique in Srinagar under Regulation 30, marking a significant expansion of its retail footprint in Jammu and Kashmir. The company informed stock exchanges BSE and NSE about this strategic move, which brings its total store count to 92 boutiques across India.

Official Store Launch Details

The new Ethos Watch Boutique is strategically located at Unit No-3, The Edition Mall, Sanat Nagar, Srinagar, Jammu & Kashmir - 190005. In its official communication to the exchanges, the company emphasized that this boutique marks a significant milestone in strengthening its luxury brand portfolio and further consolidates its presence in one of India's most prominent luxury retail markets.

Strategic Market Expansion

According to the company's filing, this launch continues Ethos Limited's strategic vision of making the world's most exclusive brands more accessible to discerning customers in India. The company stated that the boutique will deliver unparalleled luxury experiences while serving the growing demand for premium timepieces in the Jammu and Kashmir region.

Retail Network Growth

With this latest addition in Srinagar, Ethos Limited continues to strengthen its physical retail presence across diverse markets in India. The company's network of 92 boutiques represents a comprehensive coverage strategy, demonstrating its commitment to reaching customers in various geographical locations beyond traditional metropolitan markets.

The expansion into Srinagar specifically highlights the company's focus on establishing presence in emerging markets and tier-2 cities, making luxury watches accessible to customers across different regions of India.

Source: None/Company/INE04TZ01018/2a53a2c2-3b49-4e91-b9fb-9e19f307ac67.pdf