Ethos Limited has inaugurated a new watch boutique in Mumbai, Maharashtra, marking another significant milestone in the company's retail expansion strategy. The new store brings the total number of Ethos locations to 93 across India, strengthening the company's presence in the luxury watch retail market.

Store Expansion Details

The Mumbai boutique is strategically located at Ground Floor, Shop no. 2, Hormuz Mansion, Bhulabhai Desai Marg, Breach Candy, Mumbai, Maharashtra- 400026. This expansion represents Ethos' continued focus on establishing its retail footprint in key markets across India.

Luxury Brand Portfolio Enhancement

The company announced 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. With this launch, Ethos continues to make the world's most exclusive brands more accessible to discerning customers in India, in line with its strategic vision of delivering unparalleled luxury experiences.

Strategic Market Positioning

The expansion reflects Ethos' commitment to growing its market presence and establishing itself as a leading destination for luxury watch enthusiasts in India. The company's strategy focuses on combining physical retail expansion with an enhanced product offering to capture a larger share of the premium watch market.

The new Mumbai location features modern design elements with wooden slat walls, glass display cases, and contemporary seating arrangements. The boutique includes a large abstract glowing light fixture and displays for premium brands including Tag Heuer and Oris watches.

Source: Company/INE04TZ01018/d2593b4e-1850-4185-af70-75bf7daba872.pdf

Ethos Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key managerial personnel. The luxury watch and jewelry retailer informed both BSE and NSE about this corporate development in compliance with regulatory requirements.

Resignation Details

Mr. Shubham Kandhway has tendered his resignation from multiple key positions within the company. His departure encompasses his roles as Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer of the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in accordance with Para A of Part A of Schedule III to the SEBI regulations, ensuring complete transparency with stakeholders.

Ethos Limited's Chief Financial Officer, Munish Gupta, signed the official communication to stock exchanges on April 02, 2026. The company provided comprehensive documentation including the resignation letter and detailed annexures as required by regulatory frameworks.

Succession Planning

The company has initiated the process of identifying and hiring a suitable candidate for the vacant position. Ethos Limited has committed to informing stock exchanges promptly once the replacement is finalized and the vacancy is filled.

In his resignation letter, Kandhway expressed gratitude to the Board of Directors and Senior Management for their support during his tenure. He described his time at Ethos Limited as professionally enriching and personally fulfilling, acknowledging the guidance and cooperation received throughout his service period.

Company Operations

The resignation represents a routine corporate change as the company continues its business operations. Ethos Limited maintains its registered office in Parwanoo, Himachal Pradesh, with corporate office in Chandigarh and head office in Gurugram, Haryana. The company has ensured all necessary regulatory notifications and compliance requirements are being addressed systematically.