Ethos Limited confirms that there were no deviations or variations in the utilization of proceeds from its Qualified Institutional Placement (QIP) for the quarter ended December 31, 2025. The entire proceeds from the QIP have been fully utilized as of December 31, 2025, in accordance with the intended objectives outlined in the placement document.
QIP Proceeds Fully Utilized
Ethos Limited has announced that the entire proceeds from its Qualified Institutional Placement (QIP) have been fully utilized as of December 31, 2025. This utilization aligns with the objectives specified in the placement document.
No Deviations or Variations
For the quarter ended December 31, 2025, Ethos Limited confirms that there were no deviations or variations in the use of proceeds from the QIP. This is in accordance with the applicable regulations and company policies.
Fund Allocation Details
The QIP raised a total of ₹17,499.82 lakhs, with net proceeds amounting to ₹16,959.64 lakhs. A total amount of ₹13,125.00 lakhs was directed to fund working capital requirements, and ₹3,834.64 lakhs to general corporate purposes. The funds have been utilized as per the original intentions.
Source: BSE
