Ethos Limited — Others, 14-08-2025: Monitoring Agency Report

Ethos Limited's IPO proceeds utilization report for the quarter ended June 30, 2025, confirms no deviation from its stated objectives. Of the total net proceeds of 339.69 Cr, 332.44 Cr has been utilized. The remaining 7.25 Cr is specifically earmarked for establishing new stores and renovating existing ones. During the quarter, 2.55 Cr was spent on these expansion activities. The company had previously secured shareholder approval for revised store locations and extended timelines for utilizing funds for new stores and ERP upgrades. The unspent balance of 7.25 Cr is held in fixed deposits.