Ethos Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 15, 2025 at 11:00 AM (1ST) through Video Conference/Other Audio Visual Means
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Ethos Limited has notified the stock exchanges about its 18th AGM scheduled for Monday, September 15, 2025, at 11:00 AM via Video Conference. The cut-off date for e-voting eligibility is September 8, 2025, with remote e-voting open from September 12 (9:00 AM) to September 14, 2025 (5:00 PM). Shareholders will consider four items: adoption of audited FY25 financial statements, re-appointment of Mr. Mukul Krishan Khanna (COO) as Director retiring by rotation, appointment of Mr. Vishal Arora as Secretarial Auditor for a 5-year term (FY26–FY30) at ₹1 lakh per year, and a Special Resolution to extend the timeline for utilizing ₹690.04 lakh of unutilized IPO proceeds earmarked for new stores and renovations, now to be deployed by June 30, 2026. The company cites GRAP restrictions in Delhi NCR and delays from global brands in approving store designs as reasons for the IPO funds remaining unutilized.
For shareholders: This is a routine AGM notice with one notable item — the extension of IPO fund utilization deadline by roughly a year. The company has deployed 97.97% of IPO proceeds (₹33,278.91 lakh of ₹33,968.95 lakh), with only ₹690.04 lakh remaining unspent due to external factors. The Special Resolution requires shareholder approval, and dissenting shareholders will be offered an exit opportunity by the promoters. No material impact on stock price is expected from this procedural notice, though investors should monitor whether the new store expansion plans materialize by the extended June 2026 deadline.