Ethos Limited has officially stated that there have been no deviations or variations in the utilization of funds raised from its Rights Issue for the quarter ended September 30, 2026. The company has provided a detailed statement of its fund utilization, confirming that all proceeds were used in line with the objects disclosed in its placement document. The total amount raised was up to ₹40,990.50 lakh.
Rights Issue Fund Utilisation Clarity
Ethos Limited has submitted its statement on the utilization of proceeds from its Rights Issue for the quarter ending September 30, 2026. In a formal disclosure, the company confirmed that there have been no deviations or variations in how the funds have been utilized compared to the original plan outlined in the placement document.
Fund Utilisation Details
The total amount raised through the Rights Issue was up to ₹40,990.50 lakh. The funds were originally earmarked for specific purposes including funding working capital requirements, general corporate purposes, and issue-related expenses. For the quarter ended September 30, 2026, the company reported that it had utilized ₹20,603.47 lakh of the total raised funds. Specifically, ₹31,000.00 lakh was allocated for funding working capital requirements, of which ₹20,603.47 lakh has been utilized towards the purchase of inventory.
General corporate purposes saw an allocation of ₹9,611.48 lakh, with no proceeds utilized towards this objective during the reported quarter. Similarly, issue-related expenses had an allocation of ₹379.02 lakh, and ₹375.49 lakh was utilized for fees paid to intermediaries for due diligence.
The company’s statement, signed by Priya Grover, Company Secretary & Compliance Officer, assures stakeholders that the utilization aligns with the disclosed objects, with no modifications to the terms of the contract or shareholder-approved objectives.
Source: BSE
