Ethos Limited — Others, 14-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Ethos Limited reported no deviation in the use of proceeds from its Qualified Institutional Placement (QIP) for the quarter ending June 30, 2025. The company raised Rs 169.60 Cr (net proceeds) from the QIP on November 3, 2023. These funds were primarily allocated for working capital and general corporate purposes. As of the reported quarter, Rs 131.25 Cr has been utilized for working capital and Rs 3.34 Cr for general corporate purposes, totaling Rs 134.59 Cr utilized from the QIP proceeds. This update assures investors that the raised capital is being used as initially planned.