Re-appointment of Yashovardhan Saboo as Chairman and Executive Director

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ETHOSLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹2704.00

prior close

₹2669.90

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%-2.3% vs market

Gems Jewellery And Watches peers, median of 26sector+0.7%-3.8% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 3.8 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-3.1-0.8-2.3+0.7-3.8

Next day

-3.8+1.8-5.6+5.9-9.7

-5.0+2.8-7.8+5.8-10.8

-5.8+2.3-8.0+5.9-11.7

-7.1+1.8-8.9+6.4-13.5

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-15.6-8.0-7.6-12.4-3.2

-11.4+8.3-19.6+0.9-12.3

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ethos Limited's Board has approved the re-appointment of Mr. Yashovardhan Saboo as Chairman and Executive Director for 3 years, from April 1, 2026 to March 31, 2029, subject to shareholder approval. He founded Ethos in 2003 and is the father of the company's CEO and MD Mr. Pranav Shankar Saboo. His current term expires March 31, 2026. The company confirmed he is not debarred by SEBI or any other authority.

Likely market impact

Leadership continuity at the top. Shareholders will need to approve the re-appointment at a general meeting.