Ethos Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Ethos Limited has submitted its quarterly statement confirming no deviations or variations in the utilization of Rights Issue proceeds for Q4 FY2026. The Rights Issue was completed on July 4, 2025, raising Rs 40,990.50 lakh (approximately Rs 410 crore). As of March 31, 2026, Rs 10,978.97 lakh (about 27%) has been utilized. Of this, Rs 10,610.48 lakh was deployed for working capital requirements and Rs 368.49 lakh for issue-related expenses. No funds were deployed toward General Corporate Purposes during this quarter. The monitoring agency, CRISIL Ratings Limited, has reviewed the utilization.
This is a routine compliance filing with no adverse implications for shareholders. The absence of any deviation indicates the company is adhering to its stated deployment plan. Given that only about 27% of the raised capital has been utilized, investors may monitor future quarters for deployment progress toward working capital needs.