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Ethos Limited has confirmed that there are no deviations in the use of proceeds from its Initial Public Offering for the quarter ended December 31, 2024. The company raised a total of ₹40,226 crore, with plans to utilize an unspent ₹2,623.54 crore for store establishment and renovations, delayed due to mall openings. Additionally, ₹39.30 crore remains unutilized for ERP upgrades, expected to be completed in FY 24-25. Shareholder approval was granted for fund reallocation. This transparency may bolster investor confidence, suggesting a proactive approach to operational challenges while maintaining strategic objectives.