Ethos Limited has informed the Exchange about General Updates
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Ethos Limited has incorporated a wholly owned subsidiary named FICUS TRADING LLC in Dubai, UAE, on April 17, 2025, to engage in trading of watches, clocks, and spare parts. The company will invest AED 300,000 (300 shares of AED 1,000 each) as initial paid-up capital, giving it 100% ownership. The new entity is a related party, but promoters have no direct interest in it. The purpose is to expand Ethos's international presence, particularly in the GCC region, and the business is aligned with the company's core watch retail operations. No government or regulatory approvals were required, and the entity is newly incorporated with no historical turnover.
This is a small, strategic capital deployment to enter the GCC watch market, signaling international expansion plans. The financial impact is minimal given the modest investment size, but it reflects a positive directional step toward growing Ethos's global footprint. Shareholders should watch for further updates on the subsidiary's operational progress.