Ethos Limited — Others, 14-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Ethos Limited has announced a board meeting to discuss the Statement of Deviation or Variation in the use of proceeds from its Qualified Institutional Placement for the quarter ended December 31, 2024. The company confirmed that there were no deviations from the intended use of the funds, which totaled Rs 17,499.82 crore (cr) with Rs 16,959.64 cr utilized primarily for working capital requirements. This clarity on fund usage could be seen as a positive outlook for investors, reinforcing confidence in the company's financial discipline and operational strategy.