
Rights Issue3 Aug 2026, 03:27 pm
Ethos Ltd Reports No Deviation in Rights Issue Fund Utilization
AI Summary
Ethos Ltd has filed its Statement of Deviation and Variation for the quarter ended June 30, 2026, concerning its Rights Issue. The company confirms there are no deviations or variations in the utilization of the proceeds raised via the Rights Issue, which amounted to up to ₹40,990.50 lakh. The funds were intended for working capital, general corporate purposes, and issue-related expenses. The statement, filed as per SEBI regulations, is also available on the company's website and has been reviewed by the Audit Committee and auditors with no adverse comments.
Key Highlights
- Ethos Ltd confirms no deviation in Rights Issue fund utilization for Q2 FY26.
- Total funds raised were up to ₹40,990.50 lakh.
- Funds were earmarked for working capital, general corporate purposes, and expenses.
- No adverse comments from Audit Committee or auditors.
- Statement filed as per SEBI LODR Regulations 2015.
Price Impact
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