Ethos Limited has released the Monitoring Agency Report for the quarter ended March 31, 2026, detailing the utilization of proceeds from its Rights Issue. The total issue size amounted to Rs 40,990.50 lakh. As of the end of the quarter, the company has utilized a portion of these funds, with the remainder kept in fixed deposits and monitoring agency bank accounts to ensure transparent and regulatory-compliant deployment for corporate and operational objectives.
Financial Utilization Overview
For the quarter ended March 31, 2026, Ethos Limited reported the utilization of funds raised through its Rights Issue. The total proceeds of the issue reached Rs 40,990.50 lakh. According to the report, funds were allocated primarily toward two key areas: funding working capital requirements and General Corporate Purposes (GCP).
Status of Funds and Deployment
As of the end of the quarter, the company had utilized Rs 10,610.48 lakh specifically for working capital requirements, leaving an unutilized balance of Rs 20,389.52 lakh for that objective. Regarding General Corporate Purposes, utilization remained minimal during the period, primarily accounting for minor bank charges. The company maintains an unutilized balance of Rs 9,611.48 lakh under the GCP head.
Management Commentary on Utilization
The company noted that the delay in full utilization of the proceeds is attributed to the postponement of new store openings and subsequent delays in inventory procurement. Management has confirmed that the remaining unutilized proceeds are securely held in HDFC Bank fixed deposits and monitoring bank accounts. These funds are slated to be deployed in subsequent quarters in line with the disclosures made in the original offer document.
Source: BSE
