Statement of deviation(s) or variation(s) under Reg. 32

Ref. No.: Ethos/Secretarial/2026-27/38 Dated: August 3, 2026 Corporate Service Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra, Mumbai – 400001 Mumbai - 400051 Scrip Code: 543532 Trading Symbol: ETHOSLTD ISIN: INE04TZ01018 Subject: Statement of deviation or variation in the use of proceeds of Rights Issue of Ethos Limited for the quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Securities and Exchange Board of India Circular CIR/CFD/CMD1/162/2019 dated December 24, 2019, we wish to inform you that there are no deviation(s) or variation(s) in respect of utilization of proceeds of Rights Issue of the Company for the quarter ended June 30, 2026 as mentioned in the placement document filed with the stock exchanges namely National Stock Exchange Limited, Bombay Stock Exchange Limited and the Registrar of Companies, Himachal Pradesh. In this regard, we are also enclosing herewith the Statement of deviation or variation in the use of proceeds of the Rights Issue of the Company. The aforesaid statement is also being made available on the Company website. You are requested to please take on record the above-mentioned information for your reference and further needful. Thanking You, Sincerely, For Ethos Limited Priya Grover Company Secretary & Compliance Officer Encl: as below Name of listed entity Ethos Limited Mode of fund raising Rights Issue (RI) Date of raising funds July 04, 2025 Amount raised Upto Rs 40,990.50 lakh* Report filed for quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency name, if applicable CRISIL Ratings Limited Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a NA contract or objects, which was approved by the shareholders If Yes, Date of shareholder approval NA Explanation for the deviation / variation NA Comments of the Audit Committee after review No Comments Comments of the auditors, if any No Comments Objects for which funds have been raised and where there has a) Funding working capital requirements of the Company been a deviation, in the following table b) General Corporate Purposes c) Issue Related expenses No deviation from the objects. Amount in Rs. Lacs Original object Modified Original Modified allocation, if Funds Amount of deviation / Remarks, if any object, if any allocation any utilized as variation for the on date quarter according to the applicable object Funding working Capital Not applicable 31,000.00 N.A. 10,610.48 Not applicable No proceeds were utilized requirements of the Company towards the object during the reported quarter. GCP Not applicable 9,611.48 N.A. - Not applicable No proceeds were utilized towards the object during the reported quarter Issue related expenses Not applicable 379.02 N.A. 368.49 Not applicable No proceeds were utilized towards the object during the reported quarter Total 40,990.50 10,978.97 Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund-raising document i.e., prospectus, letter of offer, etc. Name of the Signatory : Priya Grover Designation : Company Secretary and Compliance Officer