Ethos Limited — Important, 12-03-2025: General Updates

Ethos Limited has acquired 1,73,000 equity shares of Silvercity Brands AG, reducing its shareholding from 35.00% to 34.39%. Silvercity, incorporated in March 2023 and based in Switzerland, operates within the watch industry, focusing on the acquisition, sale, and management of intellectual property rights as well as luxury products. The shares were acquired for CHF 494,780 at CHF 2.86 per share through cash consideration, with the acquisition completed on March 11, 2025. This investment aligns with Ethos Limited's strategy to enhance its presence in the luxury goods sector, marking a significant step in expanding its product offerings. Investors should monitor this development for potential growth opportunities as the company strengthens its portfolio in the watch industry.