ETHOSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ethos Limited, a luxury watch retailer, filed its Q4 FY26 monitoring agency report for a Rights Issue of Rs 40,990.50 lakh completed in June-July 2025. As of March 31, 2026, only Rs 10,978.97 lakh (27%) has been utilized, leaving Rs 30,011.53 lakh unutilized. The working capital object shows a shortfall of Rs 589.52 lakh versus planned FY26 deployment due to postponement of new store openings and delayed inventory procurement. Rs 3,200 lakh of General Corporate Purpose funds remain unutilized due to execution delays. The unutilized funds are deployed in 12 HDFC Bank fixed deposits of Rs 2,500 lakh each (maturing July 8, 2026) earning 6.15% interest, with a combined market value of Rs 30,906.25 lakh including accrued returns. CRISIL Ratings confirms no material deviations from the offer document objects.
The slow utilization of rights issue proceeds may signal delayed store expansion plans. However, funds are safely deployed in FDs earning 6.15% returns, and the company has regulatory approval to deploy unutilized proceeds in subsequent fiscal years. No adverse impact on shareholder value is indicated at this stage.