ETHOS LIMITED — Capital/Financing Update 2025

Aug 23, 2025

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Ref. No.: Ethos/Secretarial/2025-26/53

Dated: August 23, 2025

Corporate Service Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra, Mumbai – 400001 Mumbai - 400051 Scrip Code: 543532 Trading Symbol: ETHOSLTD ISIN: INE04TZ01018

Subject: Disclosure under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015 for Intimating the Incorporation of Subsidiary Company

Dear Sir/Madam,

In terms of the provisions of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions if any, we are pleased to inform you that Ethos Limited (“the Company”) has incorporated a Subsidiary Company in the name and style of “MICRON WATCH SERVICES PRIVATE LIMITED” on August 22, 2025, having CIN - U95294HR2025PTC135383 and registered office at 359, Udyog Vihar, Phase-II, DLF QE, Gurgaon, Haryana, India, 122002.

Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated 13th July 2023 & further amended vide Circular no. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 December 31, 2024, are enclosed herewith as ‘Annexure A’.

The above information will also be available on the website of the Company.

You are requested to please take on record the above-mentioned information for your reference and further needful.

Thanking You, Sincerely,

For Ethos Limited SHUBHAM Digitally signed by SHUBHAM KANDHWAY KANDHWAY Date: 2025.08.23 18:16:06 +05'30' Shubham Kandhway Company Secretary & Compliance Officer

Encl: as above

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Annexure – A

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Required disclosures in respect of Incorporation of a subsidiary company, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with SEBI circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated 13th July 2023 & further amended vide Circular no. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 December 31, 2024

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S. No. Particulars Details
1 Name of the target entity, details in brief MICRON WATCH SERVICES PRIVATE LIMITED
such as size, turnover etc.;
2 Whether the acquisition would fall within Being a subsidiary, MICRON WATCH
related party transaction(s) and whether SERVICES PRIVATE LIMITED is a related party
the promoter/ promoter group/ group of the Company.
companies have any interest in the entity
being acquired? If yes, nature of interest The Promoters / promoters group do not have
and details thereof and whether the same any direct interest in the subsidiary company
is done at “arm’s length”; except Mr. Yashovardhan Saboo who shall
hold 100 equity shares in MICRON WATCH
SERVICES PRIVATE LIMITED as Nominee
Shareholder of Ethos Limited.
3 Industry to which the entity being Watch Service and Repair
acquired belongs;
4 Objects and effects of acquisition To set up Watch Service Centers in select
(including but not limited to, disclosure of Indian cities.
reasons for acquisition of target entity, if its
business is outside the main line of
business of listed entity);
5 Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition;
6 Indicative time period for completion of the Not Applicable
acquisition;
7 Nature of consideration – whether cash Cash
consideration or share swap and details of
the same;
8 Cost of acquisition and/or the price at Rs. 5,01,000.00 ( 50100 equity shares of Rs.
which the shares are acquired; 10 each)
9 Percentage of shareholding / control 50.1% initial subscription to the share capital
acquired and/ or number of shares
acquired;
10 Brief background about the entity acquired Incorporated on August 22, 2025. The
in terms of products/line of business company will engage in setting up Watch
acquired, date of incorporation, history of Service Centers in select Indian cities.
last 3 years turnover, country in which the
acquired entity has presence and any
other significant information (in brief);
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