Ethos Ltd

Ethos Ltd has announced its 19th Annual General Meeting (AGM) for the financial year 2025-26. The meeting is scheduled to be held on Tuesday, September 15, 2026, at 11:00 AM IST. In compliance with the Companies Act, 2013, and SEBI Listing Regulations, the AGM will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The official notice of the AGM and the Annual Report for FY 2025-26 will be dispatched to shareholders in due course and will also be available on the company's website.

Ethos Ltd has announced the resignation of Mr. Dilpreet Singh as an Independent Director from its Board of Directors, effective August 3, 2026. The resignation follows an earlier disclosure and is attributed to increasing professional commitments and other engagements. Mr. Singh confirmed that there are no other material reasons for his departure and no disagreements with the board or management. The company has provided necessary disclosures as per SEBI regulations.

Ethos Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Rights Issue. The report, prepared by CRISIL Ratings Limited as per SEBI regulations, indicates that no proceeds were utilized during this quarter. The company is a retailer of watches and watch accessories. The Rights Issue period was from June 30, 2025, to July 03, 2025, with an issue size of up to Rs 40,990.50 lakh. The report confirms that utilization, if any, will be as per the Offer Document, with the Board of Directors to provide their comments on sections not reviewed by the Monitoring Agency.

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.

Ethos Ltd announced the resignation of Mr. Dilpreet Singh as an Independent Director from its Board of Directors. The resignation is effective from the conclusion of the Board Meeting held on August 3, 2026. Mr. Singh cited increasing professional commitments and other engagements as the reason for his departure. He confirmed that there are no other material reasons for his resignation and no disagreements with the Board or management.

Ethos delivered a strong Q1 FY27 (quarter ended 30 June 2026) on a consolidated basis — the primary read. Revenue from operations rose 33.3% YoY to ₹461.7 Cr (from ₹346.3 Cr) and net profit for the period grew 50.7% YoY to ₹28.7 Cr (owners' share ₹28.1 Cr, +48% YoY), with basic EPS at ₹10.51 versus ₹7.77 a year ago. Profit expanded well ahead of the topline, lifting net margin to 6.0% from 5.4% a year earlier. There were no exceptional items in the quarter, so the growth is clean and underlying. Sequentially, revenue was up 11.5% and PAT up 25.9% over a seasonally strong Q4 (wedding season) — supporting detail only; the YoY step-up is the story. The margin bridge sits above the operating line and below it. Operating margin held around 13.3% — flat versus the year-ago 13.3% but up from 12.4% in Q4 — while the net-level expansion came from operating leverage (depreciation ₹24.7 Cr and finance costs ₹7.4 Cr grew slower than the 33% topline) and a proportionally smaller associate/JV drag (share of loss ₹1.63 Cr versus ₹1.11 Cr YoY, small on a much larger base). Growth was store-led: the company opened its 101st (Delhi Airport), 102nd (Vizag) and 103rd (Amritsar) watch boutiques in and just after the quarter. Consolidated PAT grew faster than standalone (+51% vs standalone's +38% to ₹27.99 Cr) as subsidiary and associate performance improved — a divergence worth flagging since the two numbers appear side by side. Management gives no formal quarterly guidance and none is on record, so there is no prior-outlook bar to grade against; on the Street side no quarter-specific consensus was published for this small-cap (Emkay carried a ₹2,800 target, trimmed from ₹2,950, and annual consensus looked for ~34% net-income growth — the quarter's +51% PAT runs ahead of that pace), so vsStreet is left unknown rather than invented. Alongside the results the board noted the resignation of Independent Director Dilpreet Singh (effective 3 Aug 2026, citing professional commitments, no disagreement disclosed) and the earlier (30 Apr 2026) ₹20.3 Cr purchase lifting its stake in subsidiary Ethos Lifestyle to 77.42% from 75.05%. The print sets up Q2 on whether the store-addition pace sustains the topline and the 6% net margin holds.

Ethos Limited has announced the opening of a new luxury watch boutique in Amritsar, Punjab. This marks the company's 103rd boutique across India. The new store is located at GF 06, Nexus Amritsar Mall, and aims to enhance the accessibility of exclusive watch brands to discerning customers in a key luxury retail market. This expansion aligns with Ethos' strategic vision to deliver unparalleled luxury experiences and strengthen its brand portfolio.

Ethos Ltd has announced that its Board of Directors will convene on August 3, 2026, to consider and approve the company's unaudited financial results for the quarter ended June 30, 2026. The results will be presented on both standalone and consolidated bases. Concurrently, the company has closed its trading window for designated persons from July 1, 2026, which will reopen 48 hours after the financial results are declared, in compliance with SEBI's Insider Trading Regulations.

Ethos Limited, India's largest luxury watch retailer, announced it will host the Grand Prix d’Horlogerie de Genève (GPHG) Exhibition 2026 in Mumbai. This event, often called the "Oscars of Watchmaking," will showcase finalist timepieces from the GPHG awards across 15 categories. The exhibition, scheduled from September 28 to October 1, marks a significant milestone for India's luxury watch industry, highlighting the country's growing importance and collector base on the global horological stage. Ethos aims to provide Indian enthusiasts with a unique opportunity to experience world-class horology and further strengthen India's position in the international watchmaking community.

Ethos Ltd has announced the closure of its trading window for designated persons and their immediate relatives, effective July 1, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. The window will remain shut until 48 hours after the declaration of the company's unaudited financial results (standalone and consolidated) for the quarter ending June 30, 2026. The date of the board meeting to approve these results will be communicated separately. The company's website, www.ethoswatches.com, will host this information.