Ethos Limited — Others, 05-05-2025: Monitoring Agency Report

Ethos Limited has released a Crisil Ratings report on the use of Rs 174.9982 crore raised via QIP, mainly for working capital and general corporate needs. In the quarter, Rs 14.416 crore was spent, mostly on working capital, while Rs 85.44 crore remains parked in fixed deposits earning about 7.4%. Deployment of Rs 20 crore for new store procurement in Delhi/NCR was delayed due to supply issues but is expected in coming quarters. There were no deviations or issues affecting the intended use of funds.