Ethos Limited — Others, 08-11-2024: Monitoring Agency Report

Ethos Limited has released a Monitoring Agency Report by CRISIL Ratings regarding the utilization of proceeds from its Qualified Institutional Placement (QIP) for the quarter ended September 30, 2024. The report confirms that all proceeds are in line with disclosed objectives, with no deviations noted. The total amount raised was approximately ₹16,959.64 lakhs, which remains unutilized for the quarter. The funds are earmarked for working capital and corporate purposes but no expenditures were made during the period.