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LIMITEDMain BoardEquity2025-04-012026-03-312025-11-082025-10-31INRLakhsQuarterlySecond quarterSingle segmentWatches2025-11-0812:30:002025-11-0814:45:00trueCash Flow IndirectNot applicabletruetrueNANAfalsetrue2025-03-23https://www.ethoswatches.com/investors-information/download/policies/POLICY_ON_MATERIALITY_OF_RELATED_PARTY_TRANSACTIONS.pdftrue3falseThe Company has raised Funds three times Once through IPO in May 2022 and through QIP in Nov 2023 and another throught Rights Issue in July 2025.2025-07-012025-09-30UnauditedStandalone3924998000105156000403015400003184368000-361194000278791000652950002092550003437020003720217000309937000030993700088820000-1090300077917000023202000000002320200000232020000267577000108.718.71008.718.712025-04-012025-09-30UnauditedStandalone7388178000162345000755052300005887214000-59152900051379400012226600039924400063563300069666220005839010000583901000171252000-22404000148848000043505300000004350530000435053000267577000101717001717Other Expenses343702000Other Expenses6356330001414712000972680000042797200000046969500000306470000776165000122938000278095400056200090006518235000024491200015884620004591416000301000250527000667561800060624800013800101000194201100002675770001403052300014298100000142981000000253782300025378230000328720002570695000066340001470859000147749300073818500022156780003356370000002551315000512201000019420110000Other financial assets306470000Other non-current assets83364000Right of use assets2691533000Non-current tax assets6057000Other financial assets250527000Other current assets606248000Lease liabilities2537823000Provisions, non-current32872000Lease Liabilites495546000Other current financial liabilities242639000Other current liabilities280424000Provisions55213000121806000-591529000-641740000-11897000000-75832000059202000009430100003992440000134480000-65250000475600001349080000-4422000011000000-11735000-2814000215766000799667000000160501000063916600000000698700000291000262938000000000000000000000411340000-2759989000-29884890000040990510000000001781900022874200001269700000-3684900036886710001339348000013393480002491140001588462000000000Ethos Limited******KDDL Limited******Holding company(Promoter)Purchase of goods or servicesNONE16100000Ethos Limited******Silvercity Brands AG******Associate CompanyPurchase of goods or servicesNONE8711000000Ethos Limited******KDDL Limited******Holding company/PromoterSale of goods or servicesNONE103600000Ethos Limited******Anil Khanna******DirectorSale of goods or servicesNONE163100000Ethos Limited******Alka Khanna******Relative of KMPSale of goods or servicesNONE105100000Ethos Limited******Pranav Shankar Saboo******MD and CEOSale of goods or servicesNONE27800000Ethos Limited******Jai Vardhan Saboo******Relative of KMPSale of goods or servicesNONE3989600000Ethos Limited******Munisha Gandhi******DirectorSale of goods or servicesNONE83200000Ethos Limited******Satvika Suri******Relative of KMPSale of goods or servicesNONE35100000Ethos Limited******Dream Digital Technology Private Limited******Entity under common controlSale of goods or servicesNONE276900000Ethos Limited******Saboo Ventures LLP******Entity under common controlSale of goods or servicesNONE4000000Ethos Limited******Munish Gupta******KMPSale of goods or servicesNONE21800000Ethos Limited******Mahen Distribution Limited******Entity under common controlSale of goods or servicesNONE10900000Ethos Limited******Anuradha Saboo******Relative of KMPRemunerationNONE53200000Ethos Limited******Pranav Shankar Saboo******CEO and MDRemunerationNONE3917900000Ethos Limited******Shubham Kandhway******KMPRemunerationNONE185000000Ethos Limited******Mukul Khanna******DirectorRemunerationNONE1149900000Ethos Limited******Yashovardhan Saboo******Chairman and PromoterRemunerationNONE1425600000Ethos Limited******Munish Gupta******KMPRemunerationNONE684300000Ethos Limited******Micron Watch Service Private Limited******Subsidiary CompanyInvestmentNONE50100000Ethos Limited******Ficus Trading LLC******Subsidiary body corporateInvestmentNONE698700000Ethos Limited******Ethos Lifestyle Private Limited******Subsidiary ComppanySale of fixed assetsNONE1083300000Ethos Limited******KDDL Limited******Holding company/PromoterAny other transactionRent ExpensesNONE133000000Ethos Limited******Pylania SA******Subsidiary of Holding CompanyAny other transactionRent ExpensesNONE66900000Ethos Limited******Saboo Housing Projects LLP******Entity under common controlAny other transactionRent ExpensesNONE66700000Ethos Limited******Dream Digital Technology Private Limited******Entity under common controlAny other transactionRent ReceivedNONE6000000Ethos Limited******Cognition Digital LLP******Entity under common controlAny other transactionRent ReceivedNONE60000000Ethos Limited******Pasadena Retail Private Limited******Joint VentureAny other transactionOther IncomeNONE40200000Ethos Limited******Cognition Digital LLP******Subsidiary body corporateAny other transactionOther IncomeNONE6000000Ethos Limited******KDDL Limited******Holding company/PromoterAny other transactionshare issued convertedNONE11100000Ethos Limited******Anuradha Saboo******Relative of KMPAny other transactionshare issued convertedNONE100000Ethos Limited******Jai Vardhan Saboo******Relative of KMPAny other transactionshare issued convertedNONE5300000Ethos Limited******Satvika Saboo******Relative of KMPAny other transactionshare issued convertedNONE200000Ethos Limited******VBL Innovations Private Limited******Entity under common controlAny other transactionshare issued convertedNONE600000Ethos Limited******Saboo Ventures LLP******Entity under common controlAny other transactionshare issued convertedNONE4000000Ethos Limited******Mahen Distribution Limited******Promoter of the Company/Subsidiary of Holding CompanyAny other transactionshare issued convertedNONE1130200000Ethos Limited******Cognition Digital LLP******Holding company/PromoterAny other transactionAdvertisement and sales promotionNONE1222600000Ethos Limited******KDDL Limited******Subsidiary body corporateAny other transactionReimbursement of expensesNONE29100000Ethos Limited******Cognition Digital LLP******Subsidiary body corporateAny other transactionReimbursement receivedNONE175600000Ethos Limited******Silvercity Brands AG******Associate CompanyAny other transactionReimbursement receivedNONE1487000000Ethos Limited******Pasadena Retail Private Limited******Joint VentureAny other transactionReimbursement receivedNONE322300000Ethos Limited******Ethos Lifestyle Private Limited******Subsidiary ComppanyAny other transactionReimbursement receivedNONE281200000Ethos Limited******Ficus Trading LLC******Subsidiary body corporateAny other transactionReimbursement receivedNONE165000000Ethos Limited******KDDL Limited******Holding company/PromoterAny other transactionSecurity Premium receivedNONE1979400000Ethos Limited******Anuradha Saboo******Relative of KMPAny other transactionSecurity Premium receivedNONE22400000Ethos Limited******Jai Vardhan Saboo******Relative of KMPAny other transactionSecurity Premium receivedNONE947400000Ethos Limited******Satvika Saboo******Relative of KMPAny other transactionSecurity Premium receivedNONE39400000Ethos Limited******VBL Innovations Private Limited******Entity under common controlAny other transactionSecurity Premium receivedNONE99900000Ethos Limited******Saboo Ventures LLP******Entity under common controlAny other transactionSecurity Premium receivedNONE707600000Ethos Limited******Mahen Distribution Limited******Promoter of the Company (Subsidiary of Holding Company)Any other transactionSecurity Premium receivedNONE202305600000Ethos Limited******Sundeep Kumar******DirectorAny other transactionDirector FeesNONE34000000Ethos Limited******Dilpreet Singh******DirectorAny other transactionDirector FeesNONE25000000Ethos Limited******Charu Sharma******DirectorAny other transactionDirector FeesNONE15000000Ethos Limited******Chitranjan Agarwal******NAAny other transactionDirector FeesNONE4000000Ethos Limited******Munisha Gandhi******DirectorAny other transactionDirector FeesNONE18000000Ethos Limited******Anil Khanna******DirectorAny other transactionDirector FeesNONE48500000Ethos Limited******Yashovardhan Saboo******Chairman and PromoterAny other transactionSecurity Premium receivedNONE2700000Ethos Limited******Mr. Patrik Paul Hoffman******DirectorAny other transactionConsultancy Fees PaidNONE590200000Ethos Limited******Mr. Viraj Gandhi******Relative of KMPAny other transactionConsultancy Fees PaidNONE44000000Ethos Limited******Dream Digital Technology Private Limited******Entity under common controlAny other transactionConsultancy Fees PaidNONE1800000000Ethos Limited******Ethos Lifestyle Private Limited******Subsidiary CompanySale of goods or servicesNONE11618800000Ethos Limited****** Mr. Munish Gupta******KMPAny other transactionshare issued/ convertedNONE000Ethos Limited******Mr. Mukul Khanna******DirectorAny other transactionshare issued/ convertedNONE000Ethos Limited****** Mr. Munish Gupta******KMPAny other transactionSecurity Premium receivedNONE2300000Ethos Limited******Mr. Mukul Khanna******DirectorAny other transactionSecurity Premium receivedNONE700000Ethos Limited******Anuradha Saboo******Relative of KMPSale of goods or servicesNONE000Ethos Limited******Yashovardhan Saboo******Chairman and PromoterAny other transactionshare issued/ convertedNONE0002483142000Public Issues2022-05-2640226000002025-09-30trueCRISIL Ratings Limitedtruetrue2025-09-15Deployment of funds for an amount of Rs 979.72 lakh under the head ‘Financing the establishment of new stores and renovation of certain existing stores’ on cumulative basis were not foreseen owing to the fact that malls did not commence the operations and the opening of such stores were inordinately delayed which was a reason not attributable to Company. The unutilised amount shall be utilised within 18 months from the date of obtaining shareholder’s approval through Notice issued for Postal Ballot dated January 18, 2024. The shareholders have accorded their approval on March 21, 2024. The funds were earlier proposed to be utilized by September 21, 2025, as per the earlier shareholder’s approval dated March 21, 2024. However, due to repeated GRAP restrictions in Delhi NCR and delays in design approvals from global brands, the Company could not utilize the amount within the said timeline. Based on the resolution passed by the Board of Directors of Ethos Limited in its meeting held on August 14, 2025, and the Special Resolution passed by the shareholders in the Annual General Meeting, the timeline for utilisation of the unutilised IPO proceeds lying under the head ‘Financing the establishment of new stores and renovation of certain existing stores’ has been extended, and the said amount shall now be utilised by June 30, 2026No commentsNo commentsPriya GroverCompany Secretary and Compliance OfficerGurugram2026-07-17QIP2023-11-0317499820002025-09-30trueCRISIL Ratings LimitedfalseNot ApplicableNo commentsNo commentsRights Issues2025-07-0440990500002025-09-30trueCRISIL Ratings LimitedfalseNot ApplicableNo commentsNo commentsRepayment or pre-payment, in full or in part, of all or certain borrowings availed by our CompanyNot Applicable29890900002989090000Funding working capital requirements of our CompanyNot Applicable2349622000023496220000Financing the establishment of new stores and renovation of the certain existing storesNot Applicable33272800002871390000Financing the upgradation of ERPNot Applicable198010000198010000General corporate purposeNot Applicable3609870003958350003958350000Funding working capital requirements of the CompanyNot Applicable1312500000013125000000General corporate purposeNot Applicable3834640000334500000Funding working Capital requirements of the CompanyNot Applicable3100000000010610480000GCPNot Applicable961148000000Issue related expensesNot Applicable379020000368490000