Ethos Limited — Important, 05-02-2025: General Updates

Ethos Limited has invested Rs. 2 Crore by subscribing to 20,00,000 equity shares of Rs. 10 each in its wholly-owned subsidiary, RF Brands Private Limited, through a rights issue. This maintains Ethos's 100% shareholding in RF Brands. The subsidiary is newly established, incorporated on February 2, 2024, and is poised to operate in the retail sector, focusing on watches and accessories. As RF Brands has yet to commence commercial operations, this investment is set to support its future growth. Investors should monitor this strategic move, as it highlights Ethos’s commitment to expanding its presence in the retail market and could signify future growth potential.