Ethos Limited has announced the resignation of Mr. Mukul Krishan Khanna from his position as Whole Time Director on the Board, effective March 31, 2026. Mr. Khanna is stepping down from the Board role to dedicate time to expanded executive responsibilities within the group concerning locations and coordination with Ethos Lifestyle. He confirmed there are no other material reasons for his departure from the Board position.
Director Resignation Announcement
Ethos Limited officially filed an intimation regarding a change in its Board composition, confirming the resignation of Mr. Mukul Krishan Khanna (DIN: 10939041) from the role of Whole Time Director. The effective date of this cessation is stated as March 31, 2026. The company provided this notification in compliance with applicable disclosure requirements.
Reason for Board Departure
The resignation letter, dated March 31, 2026, clarifies the context behind Mr. Khanna’s decision to step down from the Board of Directors. It was noted that discussions suggested he take on additional responsibilities, specifically focusing on critical functions related to locations and coordinating these functions with Ethos Lifestyle.
To devote the necessary time and attention to these newly expanded executive functions, Mr. Khanna requested to be relieved from his duties as a member of the Board. He explicitly confirmed that this resignation is only from the position of Whole-time Director on the Board of the Company, and he intends to remain committed to supporting the business operations and growth of the group in his continuing executive role.
Confirmation and Waiver Request
Mr. Khanna further confirmed that there are no other material reasons for his resignation other than those detailed regarding his expanded executive duties. Additionally, he requested that the requirement for any notice period for stepping down be waived, given that he is continuing in an executive role within the group.
Summary of Cessation Details
| S. No. | Particulars | Details |
|---|---|---|
| 1 | Reason for change | Resignation of Mr. Mukul Krishan Khanna (DIN: 10939041) |
| 2 | Date of cessation | March 31, 2026 |
| 3 | Brief profile | Not Applicable |
| 4 | Disclosure of relationships | Not Applicable |
Source: BSE
