ETHOS LIMITED — Capital/Financing Update 2023

Oct 31, 2023

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Ref. no. : Ethos/Secretarial/2023-24/67

Dated: October 31, 2023

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra, Mumbai - 400 051

Scrip Code : 543532

Trading symbol : ETHOSLTD

ISIN : INE04TZ01018

• Subject : Qualified institutions placement of equity shares of face value Rs. 10 each (the “Equity Shares”) by Ethos Limited (the “Company”) under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”) (the “Issue”)

Dear Sir/Ma’am

Greetings from Ethos.

1. We wish to inform you that subsequent to the approval accorded by the board of directors of the Company (the “ Board ”), at its meeting held on September 5, 2023 and the special resolution passed by the shareholders of the Company in its Annual General Meeting on September 29, 2023, the Fund Raising Committee (“ Committee ”) has at its meeting held today i.e. 31[st] October, 2023, inter alia , passed resolutions for the following:

   • a. Approved and adopted the preliminary placement document dated 31[st] October, 2023 and the application form dated 31[st] October, 2023 in connection with the Issue (“ Preliminary Placement Document ”);

   • b. Authorised the opening of the Issue today, i.e. 31[st] October, 2023; and

   • c. Approved the floor price for the Issue based on the pricing formula as prescribed under the SEBI ICDR Regulations.

2. We further wish to inform you that the ‘Relevant Date’ for the purpose of the Issue, in terms of the Regulation 171(b)(i) of the SEBI ICDR Regulations, is 31[st] October, 2023 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is Rs. 1,627.49 per equity share. Pursuant to the SEBI ICDR Regulations, the Company may offer a discount of not more than 5% on the floor price so calculated for the Issue.

The meeting of the Committee commenced at 6:15 p.m. (IST) and concluded at 8:15 p.m. (IST).

We request you to take the above on record and the same be treated as compliance under the applicable

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provisions of the SEBI LODR Regulations, as amended.

Thanking you

Yours truly For Ethos Limited

Anil Digitally signed by Anil Kumar Kumar Date: 2023.10.31 20:23:44 +05'30'

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Anil Kumar Company Secretary & Compliance Officer Membership no. F8023

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