Ethos Limited has released a Monitoring Agency Report concerning the utilization of funds from its Rights Issue for the quarter ended December 31, 2025. The report, issued by Crisil Ratings, confirms that no proceeds were utilized by the company during this period and all deployments are aligned with the disclosures in the Offer Document.
Monitoring Agency’s Findings
Crisil Ratings Limited, the monitoring agency, has provided its report on the utilization of funds raised through the Rights Issue by Ethos Limited. The report pertains to the quarter ending December 31, 2025.
Key Highlights from the Report
- No Utilization of Proceeds: The report indicates that Ethos Limited did not utilize any proceeds from the Rights Issue during the reported quarter.
- Compliance with Offer Document: The monitoring agency confirms that all proposed deployments are consistent with the disclosures made in the Offer Document.
Details of Unutilized Funds
As of December 31, 2025, the unutilized funds are deployed as follows:
- Fixed Deposits with HDFC Bank: ₹30,000.00 lakh
- Balance in Monitoring Agency account with HDFC Bank: ₹0.99 lakh
- Balance in Monitoring Agency account with HSBC Bank: ₹10.54 lakh
- Total: ₹30,011.53 lakh
Proposed Utilization of Funds
The funds are primarily earmarked for the following purposes:
- Funding working capital requirements of the Company: ₹31,000.00 lakh (Original Cost as per Offer Document)
- General Corporate Purposes: ₹9,611.48 lakh (Original Cost as per Offer Document)
- Issue Related expenses: ₹379.02 lakh (Original Cost as per Offer Document)
Source: BSE
