ETHOS LIMITED — Capital/Financing Update 2024

Aug 14, 2024

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Ref. no. : Ethos/Secretarial/2024-25/30

Dated: August 14, 2024

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 : Statement of deviation or variation in the use of proceeds of Qualified Institutional Placement of Ethos Limited for the quarter ended June 30, 2024

Dear Sir/Ma’am

Greetings from Ethos.

Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Securities and Exchange Board of India Circular CIR/CFD/CMD1/162/2019 dated December 24, 2019, we wish to inform you that there are no deviation(s) or variation(s) in respect of utilization of proceeds of Qualified Institutional Placement of the Company for the quarter ended on June 30, 2024 as mentioned in the object clause of the Placement Document filed with the stock exchanges namely BSE Limited and National Stock Exchange of India Limited.

In this regard, we are also enclosing herewith the Statement of deviation or variation in the use of proceeds of the Qualified Institutional Placement of the Company. The aforesaid statement is also being made available on the Company website i.e., https://www.ethoswatches.com/investorsinformation/corporate

We would request you to please take the same in your records and oblige.

Thanking you

Yours truly For Ethos Limited

Digitally signed by Anil Anil Kumar Kumar Date: 2024.08.14 16:31:29 +05'30'

Anil Kumar Company Secretary & Compliance Officer Membership no. F8023

Encl.: as above

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----- Start of picture text ----- Name of listed entity Ethos LimitedMode of fund raising Qualified Institutional PlacementDate of raising funds November 3, 2023Amount raised The issue of 11,31,210 Equity Shares aggregating to Rs 17,499.82 lakhs(net proceeds of Rs 16,959.64 lakhs)Report filed for quarter ended June 30, 2024Monitoring Agency ApplicableMonitoring Agency name, if applicable CRISIL Ratings LimitedIs there a Deviation / Variation in use of funds raised NoIf yes, whether the same is pursuant to change in terms of a Not Applicablecontract or objects, which was approved by the shareholdersIf Yes, Date of shareholder approval Not ApplicableExplanation for the deviation / variation Not ApplicableComments of the Audit Committee after review No CommentsComments of the auditors, if any No CommentsObjects for which funds have been raised and where there has a) Funding working capital requirements of the Companybeen a deviation, in the following table b) General Corporate PurposesNo deviation from the objects.Amount in Rs. LacsOriginal object Modified Original Modified Funds utilized Amount of deviation / Remarks, if anyobject, if any allocation allocation, variation for theif any quarter according tothe applicable objectFunding working capital Not applicable 13,125.00 N.A. Nil Not applicable ---requirements of the CompanyGeneral corporate purpose Not applicable 3,834.64 N.A. Nil Not applicable --Total 16,959.64 N.A. Nil----- End of picture text -----

Amount in Rs. Lacs

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Deviation or variation could mean:

• (a) Deviation in the objects or purposes for which the funds have been raised or

• (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

• (c) Change in terms of a contract referred to in the fund-raising document i.e., prospectus, letter of offer, etc.

Anil Digitally signed by Anil Kumar Kumar Date: 2024.08.14 16:31:54 +05'30'

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Name of the Signatory: Anil Kumar Designation: Company Secretary and Compliance Officer

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