Ethos Limited has informed the Exchange regarding Board meeting held on July 04, 2025 for Allotment of Equity Shares pursuant to Rights Issue.
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Ethos Limited has completed the allotment of 22,77,250 fully paid-up equity shares under its Rights Issue at ₹1,800 per share (face value ₹10, premium ₹1,790), aggregating up to ₹40,990.50 lakhs (~₹410 crore). The Rights Issue opened on June 20, 2025, and closed on July 3, 2025, with the Board approving the allotment on July 4, 2025 in consultation with the Registrar (KFin Technologies) and NSE. As a result, the company's paid-up equity share capital has increased from ₹24,48,04,430 (2,44,80,443 shares) to ₹26,75,76,930 (2,67,57,693 shares).
The full allotment indicates the Rights Issue was fully subscribed. Existing shareholders' holdings are now diluted by roughly 9.3% as the share count has risen, while the company has strengthened its capital base to fund growth or other corporate purposes.