Ethos Limited has announced that as of the quarter ended March 31, 2026, there have been no deviations or variations in the utilization of funds raised through its Rights Issue. The company, which raised Rs 40,990.50 lakh on July 4, 2025, has maintained full compliance with its original allocation plans for working capital, general corporate purposes, and issue-related expenses.
Financial Utilization Overview
Following the Rights Issue conducted on July 4, 2025, Ethos Limited has provided a clean report regarding the application of the Rs 40,990.50 lakh raised. The company confirms that the funds utilized remain strictly aligned with the objectives defined in the original placement documentation. No changes or reallocations have occurred, and the audit committee has noted no concerns regarding the use of capital.
Breakdown of Fund Application
As of the end of the January-March 2026 quarter, the company has deployed a total of Rs 10,978.97 lakh. The specific allocation of the raised proceeds is managed across three primary categories:
- Funding working capital requirements: Original allocation of Rs 31,000.00 lakh, with Rs 10,610.48 lakh utilized to date.
- General Corporate Purposes (GCP): Original allocation of Rs 9,611.48 lakh.
- Issue-related expenses: Original allocation of Rs 379.02 lakh, with Rs 368.49 lakh utilized to date.
Compliance and Oversight
Ethos Limited remains under the oversight of CRISIL Ratings Limited as the designated monitoring agency for this fund-raising exercise. The company’s Chief Financial Officer, Munish Gupta, has confirmed that no proceeds were diverted toward unauthorized objectives, and the financial standing of the issue remains consistent with shareholder expectations and the original prospectus.
Source: BSE
