Ethos Limited: Promoter group increases stake via rights issue

Ethos Limited has disclosed that its promoter group has increased its stake in the company, as of July 7, 2025. The acquisition occurred primarily through a rights issue, with additional share transactions taking place in the open market. Mahen Distribution Limited, a key entity within the promoter group, now holds 18,84,839 shares representing 7.04% of the company's equity, while KDDL Limited holds 1,15,24,935 shares constituting 43.07%. Following these transactions, the total shares held by the promoter group amount to 1,35,35,548, representing 50.59% of the company's equity share capital. This is against an equity share capital post acquisition/sale of INR 2,67,57,693. The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers Regulations, 2011.