ETHOS LIMITED — Capital/Financing Update 2024

Feb 3, 2024

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Ref. no.: Ethos/Secretarial/2023-24/96

Dated: 3[rd] February, 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 : Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) in respect of Incorporation of its Wholly Owned Subsidiary Company

Dear Sir/Ma’am

Greetings from Ethos.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Company has incorporated its wholly owned subsidiary named as RF BRANDS PRIVATE LIMITED having CIN - U47732HR2024PTC118558 and registered office at 359,Udyog Vihar, Phase – II, Gurgaon, Haryana 122002.

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 enclosed as Annexure I.

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

Yours truly For Ethos Limited

Anil Kumar Digitally signed by Anil Kumar Date: 2024.02.03 13:06:45 +05'30'

Anil Kumar Company Secretary & Compliance Officer Membership no. F8023

Encl.: as above

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Annexure – I

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Disclosure of information pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

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Sr.no. Particulars Details
1. Name of the target entity, details in RF Brands Private Limited is a wholly
brief as size, turnover, etc. subsidiary company of Ethos Limited
incorporated on 2 [nd] February, 2024 having
CIN - U47732HR2024PTC118558 and
registered office at 359,Udyog Vihar, Phase
– II, Gurgaon, Haryana 122002.
The authorised share capital of the
Company is Rs. 5,00,00,000 divided into
50,00,000 equity shares of Rs. 10 each. The
subscribed and paid up share capital of the
Company is Rs. 1,00,00,000 divided into
10,00,000 equity shares of Rs. 10 each.
The Company is yet to start its commercial
operations.
2. Whether the acquisition would fall RF Brands Private Limited is a direct wholly
within related party transaction(s) and owned subsidiary of the Company.
whether the promoter/ promoter
group/ group companies have any The initial subscription by the Company
interest in the entity being acquired? If does not fall under related party
yes, nature of interest and details transactions.
thereof and whether the same is done
at “arm’s length.”
3. Industry to which the entity being Retail of watches and other accessories.
acquired belongs.
4. Objects and effects of acquisition Not applicable
(including but not limited to, disclosure
of reasons for acquisition of target
entity if its business is outside the main
line of business of the listed entity).
5. Brief details of any governmental or Not applicable
regulatory approvals required for the
acquisition.
6. Indicative time period for completion of Not applicable
the acquisition.
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7.	Nature of consideration – whether cash consideration or share swap and details of the same.	Cash consideration
8.	Cost of acquisition or the price at which the shares are acquired.	Rs. 1,00,00,000/- as initial subscription in the form of equityshare capital.
9.	Percentage of shareholding/control acquired and/or number of shares acquired.	The Company owns 100% of the shareholding in the new entity viz. RF Brands Private Limited.
10.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).	Not applicable as it is a newly incorporated company.

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