Rights Issue12 Nov 2026, 07:42 pm
Ethos Ltd: No Deviation in Rights Issue Proceeds Use for Q2 FY27
AI Summary
Ethos Limited has reported that there were no deviations or variations in the utilization of proceeds from its Rights Issue for the quarter ended September 30, 2026. The funds raised were allocated towards funding working capital requirements (₹31,000.00 Lacs) and issue-related expenses (₹9,611.48 Lacs). The company confirmed that proceeds were utilized for purchase of inventory and fees paid to intermediaries for due diligence, aligning with the original objects. The statement was prepared pursuant to SEBI regulations and is available on the company website.
Key Highlights
- Ethos Ltd confirms no deviation in Rights Issue fund utilization for Q2 FY27.
- Proceeds allocated to working capital and issue expenses.
- Funds used for inventory purchase and intermediary fees.
- Statement complies with SEBI Listing Obligations and Disclosure Requirements.
Price Impact
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