Ethos Limited — Others, 23-08-2025: Shareholders meeting

Ethos has announced its 18th Annual General Meeting via video conference, where shareholders will vote on key resolutions. These include adopting the audited financial statements for FY25 and re-appointing a director. A significant proposal seeks to extend the utilization timeline for 6.90 Cr of unspent IPO proceeds until June 30, 2026. Originally for new stores and renovations, these funds faced delays due to Delhi NCR restrictions and global brand approvals. The company has already utilized 97.97% of its 339.69 Cr net IPO proceeds. Dissenting shareholders regarding this change will be offered an exit opportunity. Additionally, the board proposes appointing a Secretarial Auditor for 0.01 Cr annually.