ETHOSLTD

Ethos Limited filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report indicates general compliance with SEBI Listing Regulations, but noted minor non-compliances. These included delays in intimating Board Meetings and improper constitution of the Audit Committee, leading to penalties paid to both BSE and NSE. The company also has some pending replies to correspondences from stock exchanges and received relaxation from contra trade restrictions for a share gift.

Ethos Limited announced on May 15, 2026, the opening of its 100th boutique in Indore, marking a significant golden milestone. This expansion underscores the company's commitment to delivering luxury watch retail experiences across India, now spanning 32 cities. Management expressed pride in achieving this growth over two decades.

Ethos Limited has inaugurated a new Ethos Watch Boutique at Treasure Island Mall, Indore. This opening is a significant milestone, strengthening its luxury brand portfolio and consolidating its presence in one of India's prominent luxury retail markets. With this new boutique, the company now operates 100 boutiques across India.

Ethos Limited's Board of Directors met on May 12, 2026, and approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The auditor issued an unmodified opinion on these results. The Board also approved the appointment of Mr. Munish Gupta as an Additional Director (Executive Director), subject to shareholder approval.

Ethos Limited's Board of Directors, at its meeting on May 12, 2026, approved the appointment of Mr. Munish Gupta (DIN: 09350096) as an Additional Director (Executive Director) for a term of three years, effective May 12, 2026, subject to shareholder approval. Mr. Gupta is a qualified Chartered Accountant with an Executive MBA from IIM Ahmedabad, bringing over 20 years of diverse experience in finance, business operations, M&A, and strategic management across various sectors.

Standalone Revenue ₹402.92 Cr vs ₹311.32 Cr (▲29.42% YoY), EBITDA ₹58.24 Cr vs ₹54.08 Cr (▲7.69% YoY), PAT ₹20.78 Cr vs ₹24.21 Cr (▼14.14% YoY). EBITDA Margin 14.45% vs 17.37% (▼292bps). The Board also approved the appointment of Mr. Munish Gupta as an Executive Director.

Ethos Limited announced the inauguration of a new Ethos Watch Boutique at Phoenix Market City, Pune, on May 01, 2026. This expansion strengthens its luxury brand portfolio and consolidates its presence, bringing the total number of boutiques across India to 98.

Ethos Limited inaugurated a new 8,070 sq. ft. Ethos Watch Boutique in Jaipur, Rajasthan, on April 30, 2026. This opening marks a significant milestone, strengthening the company's luxury brand portfolio and expanding its presence. The company now operates 97 boutiques across India.

Ethos Limited acquired an additional 1,89,480 equity shares (2.37%) of its subsidiary, Ethos Lifestyle Private Limited (ELPL), for approximately ₹20.26 crore from a promoter. This increases Ethos's stake in ELPL from 75.05% to 77.42%. The acquisition aims to consolidate ELPL, which anchors the group's luxury lifestyle vertical, enhancing strategic alignment and operational flexibility.

Ethos Limited has inaugurated a new Ethos Watch Boutique in Agra, Uttar Pradesh, expanding its luxury brand portfolio. This new boutique marks the company's 96th outlet across India.