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

Ethos Limited has provided an update on the use of its Initial Public Offering proceeds, totalling up to Rs 402.26 Cr. The company noted a cumulative delay in deploying Rs 9.79 Cr earmarked for new store establishments and renovations. This delay was due to unforeseen circumstances, specifically malls not commencing operations, which was beyond the company's control. Shareholders previously approved a revised timeline for utilizing these delayed funds by March 21, 2024. All other IPO proceeds are being utilized as originally planned. This ensures transparency on fund deployment for investors.