ETHOS LIMITED — Capital/Financing Update 2025

Mar 5, 2025

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Ref. No.: Ethos/Secretarial/2024-25/75

Dated: March 5, 2025

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra, Mumbai - 400051

Scrip Code: 543532

Trading Symbol: ETHOSLTD

ISIN : INE04TZ01018

• Subject : Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Investment through Right Issue in Ethos Lifestyle Private Limited (formerly known as RF Brands Private Limited), Wholly Owned Subsidiary of the Company

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations "), we hereby inform you that the Company has been allotted 30,00,000 (Thirty Lacs) equity shares of Rs. 10 each at par aggregating to Rs. 3,00,00,000 (Rupees Three Crores only) by way of subscription to the Rights Issue of Ethos Lifestyle Private Limited, Wholly Owned Subsidiary of the Company. There will be no change in shareholding of Ethos Limited (the ‘Company’) in Ethos Lifestyle Private Limited.

Disclosure of information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 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.

For Ethos Limited

Digitally signed by SHUBHAM SHUBHAM KANDHWAY KANDHWAY Date: 2025.03.05 17:10:38 +05'30'

Shubham Kandhway Company Secretary & Compliance Officer

Encl: as above

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Annexure – I

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Disclosure of information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

S. No.	Particulars	Details
1	Name of the target entity, details in brief as size, turnover, etc.	Ethos Lifestyle Private Limited (formerly known as RF Brands Private Limited)is a Wholly owned subsidiary company of Ethos Limited incorporated on February 02, 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. 15,00,00,000 divided into 1,50,00,000 equity shares of Rs. 10 each. The subscribed and paid-up share capital of the Company is Rs. 3,00,00,000 divided into 30,00,000 equity shares of Rs. 10 each. The Company is yet to start its commercial operations.
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? Ifyes, nature of interest and details thereofand whether the same is done at “arm’s length.”	Ethos Limited and Ethos Lifestyle Private Limited maintain the relationship of Holding and Wholly owned Subsidiary Company. Except to the extent of shares held by the Company in Ethos Lifestyle Private Limited, the promoter/promoter group/group companies have no other interest in Ethos Lifestyle Private Limited. The transaction is at arm’s lengthbasis.
3	Industry to which the entity beingacquired belongs.	Retail of watches and other accessories
4	Objects and effects of acquisition (including but not limited to, disclosureof reasons for acquisition of target entityif its business is outside the main line ofbusiness of the listed entity).	Not applicable

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5	Brief details of any governmental or regulatory approvals required for the acquisition.	Not Applicable
6	Indicative time period for completion ofthe acquisition.	Not Applicable
7	Nature of consideration – whether cash consideration or share swap and detailsof the same.	Cash
8	Cost of acquisition or the price at which the shares are acquired.	Rs. 3,00,00,000/- for subscribing to 30,00,000 equity shares of Rs. 10/- Each
9	Percentage of shareholding /control acquired and/or number of shares acquired.	Ethos Lifestyle Private Limited remains a Wholly Owned Subsidiary (100% shareholding) of the Company (including direct holding and through nominee shareholder)
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).	Ethos Lifestyle Private Limited is a wholly owned subsidiary of the Company. Itwas incorporated on February 2, 2024.

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

For Ethos Limited

SHUBHAM Digitally signed by SHUBHAM KANDHWA KANDHWAY Date: 2025.03.05 Y 17:11:03 +05'30' Shubham Kandhway Company Secretary & Compliance Officer

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