Ethos Limited — Others, 14-02-2025: Monitoring Agency Report

Ethos Limited has provided a Monitoring Agency Report regarding the utilization of proceeds from its Initial Public Offering (IPO) for the quarter ended December 31, 2024. Notably, all proceeds have been utilized according to the initial disclosures, with no deviations reported. The total gross proceeds of ₹40,226 lakh included fresh issuances of ₹37,500 lakh, which have been allocated for various purposes including establishment and renovation of stores as well as working capital needs. This clear utilization may foster a positive outlook among investors, indicating robust management and operational alignment with strategic objectives.