Ethos Limited announced the re-appointment of Mr. Pranav Shankar Saboo as Managing Director for a further term of three years, commencing April 1, 2027. The decision, made by the Board of Directors on November 12, 2026, is subject to shareholder approval. Mr. Saboo’s profile highlights his instrumental role in the company’s growth, including expanding its retail footprint to over 100 stores. The company also confirmed he has not been debarred from holding a director position.
Ethos Announces Key Leadership Appointment
Ethos Limited’s Board of Directors, in its meeting held on November 12, 2026, has approved the re-appointment of Mr. Pranav Shankar Saboo (DIN: 03391925) as the company’s Managing Director. This re-appointment is for a subsequent term of three years, set to commence from April 1, 2027, and will conclude on March 31, 2030. The decision aligns with the recommendations of the Nomination and Remuneration Committee regarding his remuneration and other terms of employment.
Shareholder Approval Pending
The re-appointment is contingent upon the approval of the shareholders of Ethos Limited. This procedural step is standard for such significant leadership appointments and ensures governance standards are met.
Confirmation of Director Eligibility
In compliance with circulars from BSE and NSE, Ethos Limited has confirmed that Mr. Pranav Shankar Saboo has not been disqualified or debarred from holding the office of a Director by any order from SEBI or any other regulatory authority. This confirmation is a standard disclosure requirement for such appointments.
Mr. Saboo’s Profile and Contributions
Mr. Pranav Shankar Saboo has been associated with Ethos Limited since 2015. During his tenure, he has been instrumental in building strong relationships with global luxury watch brands and has played a key role in architecting the company’s digital business platform. Under his leadership, Ethos Limited has achieved a significant milestone of operating over 100 stores across India, solidifying its position in the luxury watch retail segment. He has also been pivotal in expanding the company’s reach into other luxury segments through its subsidiary, Ethos Lifestyle Private Limited.
Disclosure of Relationships
Ethos Limited has also disclosed that Mr. Pranav Shankar Saboo is related to Mr. Yashovardhan Saboo, who serves as a Whole-Time Director of the Company. This disclosure ensures transparency regarding directorial relationships within the organization.
Source: BSE
