ETHOS LIMITED — Capital/Financing Update 2024

Feb 22, 2024

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Ref. no.: Ethos/Secretarial/2023-24/110

Dated: February 22, 2024

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra, Mumbai - 400 051 (Scrip Code: 543532) (Trading symbol: ETHOSLTD)

ISIN : INE04TZ01018

Subject : Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 in respect of allotment of equity shares in Pasadena Retail Private Limited

Dear Sir/Ma’am

Greetings from Ethos.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (" SEBI Listing Regulations"), this is to inform you that the Company has been allotted 10,00,000 (ten lacs) equity shares of Rs. 10 each at par aggregating to Rs. 1 crores (Rupees one crores only) by way of subscribing to the rights issue of Pasadena Retail Private Limited, associate/joint venture of the Company. There will be no change in shareholding of Ethos Limited (the ‘Company’) in Pasadena Retail Private Limited. Pursuant to the aforesaid allotment, the Company will continue to hold 50% shareholding of Pasadena Retail Private Limited.

Disclosure of information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 in respect of matter stated above is given as under:-

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Sr.no. Particulars Details
1. Name of the target entity, Pasadena Retail Private Limited is an associate/joint
details in brief as size, turnover, venture company of Ethos Limited. Corporate
etc. Identity number - U52520DL2019PTC344249
Registered office 713, Pearls Omaxe Building, Tower -
2, Netaji Subhash Place, Wazirpur
Pasadena Retail Private Limited reported a turnover
Anil Digitally signed by Anil Kumar Date: 2024.02.22 of Rs. 10.65 crores as per the audited financial
Kumar 21:27:40 +05'30' statements for the financial year ended on 31 [st]
March, 2023.
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2. Whether the acquisition would Pasadena Retail Private Limited is an associate/joint
fall within related party venture of the Company. The transaction falls within
transaction(s) and whether the the ambit of related party transactions and is at arm’s
promoter/ promoter group/ length.
group companies have any
interest in the entity being There will be no change in shareholding of the
acquired? If yes, nature of Company in Pasadena Retail Private Limited.
interest and details thereof and Pursuant to the aforesaid allotment, the Company
whether the same is done at will continue to hold 50% shareholding of Pasadena
“arm’s length.” Retail Private Limited.
3. Industry to which the entity Retail of watches and other accessories
being acquired belongs.
4. Objects and effects of The aforesaid investment will help Pasadena Retail
acquisition (including but not Private Limited in financing the cost towards its
limited to, disclosure of reasons expansion plans.
for acquisition of target entity if
its business is outside the main
line of business of the listed
entity).
5. Brief details of any Not applicable
governmental or regulatory
approvals required for the
acquisition.
6. Indicative time period for Allotment of shares on 22 [nd] February, 2024
completion of the acquisition.
7. Nature of consideration – Cash consideration – payment made through online
whether cash consideration or banking system
share swap and details of the
same.
8. Cost of acquisition or the price at Rs. 1,00,00,000/- (Rupees One crores only)
which the shares are acquired. comprising of 10,00,000 equity shares at Rs. 10 each,
at par.
9. Percentage of There will be no change in shareholding of the
shareholding/control acquired Company in Pasadena Retail Private Limited.
and/or number of shares Pursuant to the aforesaid allotment, the Company
acquired. will continue to hold 50% shareholding of Pasadena
Retail Private Limited.
10. Brief background about the Pasadena Retail Private Limited is in the business of
entity acquired in terms of retail of luxury watches having its registration
products/line of business number 344249 and date of incorporation is 11 [th]
Anil Digitally signed by Anil Kumar Date: 2024.02.22 acquired, date of incorporation, January, 2019. The registered office of the Company
Kumar 21:27:19 +05'30'
history of last 3 years turnover,
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country in which the acquired is situated at 713, Pearls Omaxe Building, Tower -2, entity has presence and any Netaji Subhash Place, Wazirpur. other significant information (in brief). The turnover of last 3 years is as under :-

Financialyear ended on	Turnover
31stMarch,2023	Rs. 10.65 crores
31stMarch,2022	Rs. 8.58 crores
31stMarch,2021	Rs. 6.45 crores

We would request you to please take the aforesaid information and documents on record.

Thanking you

Yours truly For Ethos Limited

Anil Digitally signed by Anil Kumar Kumar Date: 2024.02.22 21:26:49 +05'30' Anil Kumar Company Secretary & Compliance Officer Membership no. F8023

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