Ethos Limited has announced the re-appointment of Mr. Pranav Shankar Saboo as Managing Director for a three-year term commencing April 1, 2027. This decision was made during the Board of Directors’ meeting held on November 12, 2026. The company also reported its unaudited financial results for the quarter and half-year ended September 30, 2026, which were reviewed and approved by the board.
Ethos Limited Board Approves Key Appointments and Financial Results
During its meeting on November 12, 2026, the Board of Directors of Ethos Limited approved several significant decisions, including the re-appointment of Mr. Pranav Shankar Saboo (DIN: 03391925) as Managing Director. This re-appointment is for a further term of three years, effective from April 1, 2027, and concludes on March 31, 2030, subject to shareholder approval. Mr. Saboo, associated with Ethos Limited since 2015, has played a crucial role in the company’s growth, including the expansion to over 100 stores and the development of its digital business platform.
Financial Performance for Q2 FY27
The Board also considered and approved the unaudited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2026. The standalone revenue from operations for the quarter ended September 30, 2026, stood at ₹48,761.40 lakhs, with a net profit of ₹2,660.98 lakhs. For the half-year ended September 30, 2026, revenue from operations was ₹93,813.33 lakhs, and the net profit was ₹5,460.22 lakhs.
Postal Ballot and Scrutinizer Appointment
In addition to the financial reporting and directorial appointments, the Board approved the issuance of a Notice of Postal Ballot through a remote e-voting process. The company has authorized a Director or Key Managerial Personnel to determine the cut-off date and dispatch the notice. Furthermore, M/s. Jaspreet Singh Dhawan & Associates has been appointed as the Practicing Company Secretary to act as the Scrutinizer for the postal ballot process, ensuring transparency and fairness.
Auditor’s Review and Compliance
The accompanying unaudited financial results have been reviewed by the Statutory Auditors, Walker Chandiok & Co LLP. The Limited Review Report for the quarter and half-year ended September 30, 2026, is enclosed as Annexure-I. The company also confirmed that Mr. Pranav Shankar Saboo has not been debarred from holding office as a Director by any regulatory authority, as required by relevant BSE and NSE circulars.
Consolidated Financial Highlights
On a consolidated basis, for the quarter ended September 30, 2026, Ethos Limited reported revenue from operations of ₹49,890.29 lakhs and a net profit of ₹2,935.84 lakhs. The consolidated half-year ended September 30, 2026, saw revenue from operations of ₹96,060.81 lakhs and a net profit of ₹5,802.21 lakhs. The consolidated balance sheet as of September 30, 2026, shows total assets of ₹2,42,471.39 lakhs and total equity of ₹1,70,140.71 lakhs.
Source: BSE
