Ethos Limited has informed the Exchange about Incorporation of Subsidiary Company
ETHOSLTD · price
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Ethos Limited has incorporated a new subsidiary called 'Micron Watch Services Private Limited' on August 22, 2025, with its registered office in Gurgaon, Haryana. The new entity will operate in the watch service and repair business, with the objective of setting up watch service centers in select Indian cities. Ethos has subscribed to 50.1% of the share capital for a cash consideration of Rs. 5,01,000 (50,100 equity shares of Rs. 10 each). The company's promoter, Mr. Yashovardhan Saboo, will hold 100 shares as a nominee shareholder of Ethos Limited. The promoters/promoter group have no direct interest in the subsidiary beyond this nominee holding.
This is a small, routine subsidiary incorporation aligned with Ethos's core watch retail business, aimed at expanding after-sales service infrastructure. The minimal capital outlay (Rs. 5.01 lakh) and 50.1% holding suggest a controlled entry into service operations, with limited immediate financial impact on shareholders but potential long-term support for the core luxury watch business.