ETHOS LIMITED — Capital/Financing Update 2025

Jun 6, 2025

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Ref. No.: Ethos/Secretarial/2025-26/31

Dated: June 6, 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: Outcome of Board Meeting held on June 6, 2025

Dear Sir/Madam,

This is in furtherance to the meeting of the Board of Directors of the Company held on Tuesday, June 3, 2025, approving the issue of equity shares of the Company on rights basis to the eligible shareholders of the Company for an amount aggregating up to ₹410,00,00,000/- in accordance with applicable laws (hereinafter referred to as “Rights Issue”).

In relation to the Rights Issue, we wish to inform you that the Board of Directors of the Company in its meeting held on June 6, 2025, has, inter-alia, approved the following in relation to Rights Issue of the Company:

A Instrument being Issued :	Fully paid-upEquityShares of Face Value of ₹10/- each.	Fully paid-upEquityShares of Face Value of ₹10/- each.	Fully paid-upEquityShares of Face Value of ₹10/- each.
B Rights Issue Shares :	22,77,250 fully paid-up Equity Shares of the Face Value of ₹10/- each for an aggregate amount not exceeding 409,90,50,000 (Rupees Four Hundred and Nine Crores Ninety Lakhs Fifty Thousand only) _Assuming full subscription with respect to Rights Equity Shares._
C Rights Issue Price :	₹ 1,800/- (Rupees One Thousand and Eight Hundred only) per fully paid- up Rights Equity Share (including premium of ₹ 1,790/- (One Thousand Seven Hundred and Ninety only ) per fully paid-up Rights Equity Share. The entire Issue Price will be payable at the time of making the application in the Issue.
D Rights Issue Size :	₹ 409,90,50,000/ (Rupees Four Hundred and Nine Crores Ninety Lakhs Fifty Thousand only) _Assuming full subscription with respect to Rights Equity Shares._
E Rights Entitlement Ratio :	4 (Four) Rights Equity Shares for every 43 (Forty Three) fully paid-up Equity Shares held byeligible shareholders as on the Record Date.
F Record date :	For the purpose of determining the shareholders eligible to apply for the equity shares in the Rights Issue as Thursday, June 12, 2025 (“Record Date”).
G Rights Issue Schedule :	Issue OpeningDate	Friday,June 20,2025
	Last date for On Market Renunciation of Rights Entitlements	Monday, June 30, 2025
	Last date for off market renunciation	Wednesday,July2,2025

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	Issue ClosingDate	Thursday,July3,2025^
H Outstanding Equity Shares: :	Prior to the Issue: 2,44,80,443 fully paid-up equity shares offace value Rs. 10 each Post Issue#: 2,67,57,693 fully paid-up equity shares of face value Rs. 10 each #Assuming full subscription andpayment of call monies.
I Other terms of the Rights Issue (including fractional **entitlements): **	To be included in the Letter of Offer to be filed by the Company
J The International Securities Identification Number (ISIN) for credit of dematerialized Rights Entitlement	INE04TZ20018
K Other terms of the Issue (including fractional entitlement and zero entitlement)	Included in the Letter of Offer for the Issue

Further, in terms of SEBI Circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, the Company has made necessary arrangement with NSDL and CDSL for the credits of the Rights Entitlements in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date.

The Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders under the aforementioned ISIN.

The Board meeting commenced at 1830 hrs. and concluded at 1920 hrs. today.

The above information is also available on the Company’s website i.e. www.ethoswatches.com

You are requested to kindly take the same on records.

Thanking You, Sincerely,

For Ethos Limited

SHUBHAM Digitally signed by SHUBHAM KANDHWAY KANDHWAY Date: 2025.06.06 20:48:20 +05'30' Shubham Kandhway Company Secretary & Compliance Officer

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