BRSR for the FY 2025-26

Ref. No.: Ethos/Secretarial/2026-27/46 Dated: August 20, 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: Business Responsibility and Sustainability Report for the Financial Year 2025-26 Dear Sir/Madam, Pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015, we are submitting herewith the Business Responsibility and Sustainability Report (‘BRSR’) for FY 2025-26 which forms part of the Annual Report FY 2025-26. The BRSR is also available on the website of the Company at www.ethoswatches.com This is for your information and records. For Ethos Limited Priya Grover Company Secretary & Compliance Officer Encl: as below BUISNESS RESPONSIBILITY AND SUSTAINABILITY REPORT Business Responsibility And Sustainability Report SECTION A: GENERAL DISCLOSURES I. Details of the listed entity 1. Corporate Identity Number (CIN) of the Listed Entity L52300HP2007PLC030800 2. Name of the Listed Entity Ethos Limited 3. Year of incorporation November 5, 2007 4. Registered office address Plot no. 3, Sector III, Parwanoo, Himachal Pradesh - 173 220, India 5. Corporate office address S.C.O. 88-89, Sector 8-C, Madhya Marg, Chandigarh 160 009, India 6. E-mail investor.communication@ethoswatches.com 7. Telephone 0172-2548223/24 8. Website www.ethoswatches.com 9. Financial year for which reporting is being done April 01, 2025 – March 31, 2026 10. Name of the Stock Exchange(s) where shares are listed BSE Limited & National Stock Exchange of India Limited 11. Paid-up Capital Rs. 26.76 crores 12. Name and contact details (telephone, email address) of Mr. Yashovardhan Saboo the person who may be contacted in case of any queries Chairman and Whole Time Director on the BRSR report Email address - investor.communication@ethoswatches.com Contact details - 0124-6932100 13. Reporting boundary On Standalone basis pertaining to Ethos Limited 14. Name of Assurance provider No third party has been appointed to carry out an assessment/ evaluation/assurance on the BRSR indicators reported by the Company 15. Type of Assurance obtained Not applicable II. Products/services 16. Details of business activities (accounting for 90% of the turnover): S.No. Description of Main Activity Description of Business Activity % of Turnover of the entity 1. Trade Retail Trading 100 17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover): S.No. Product/Service NIC Code % of total Turnover contributed 1. Watch and Watch accessories 47732 100 III. Operations 18. Number of locations where plants and/or operations/offices of the entity are situated: Location Number of plants Number of establishments Total National Not applicable 121* 121 International Not applicable 2 2 * includes 94 retail stores, 8 back end offices, 8 service centres and 11 warehouses. 19. Markets served by the entity: a. Number of locations Locations Number National (No. of Cities) 30 International (No. of Countries) 1 Ethos Limited Annual Report 2025-26 b. What is the contribution of exports as a percentage of the total turnover of the entity? Nil. The Company does not export any of its goods. c. A brief on types of customers Our customers constitute of retail consumers who have passion for premium and high-end luxury watches. Our customer base includes passionate collectors and fashion-conscious buyers with an eye for quality time pieces. Ethos being India’s leading luxury and premium watch retail player, caters to customers who wish to undergo a content-led luxury experience via a strong online platform of the Company’s website and social media channels, which is anchored by pan-India physical stores across more than 100 locations in the country. IV. Employees 20. Details at the end of March 31, 2026 a. Employees and workers (including differently abled) Male Female S.No. Particulars Total (A) No. (B) % (B/A) No. (C) % (C/A) EMPLOYEES 1. Permanent (D) 1069 844 78.95% 225 21.05% 2. Other than Permanent (E) 40 36 90.00% 4 10.00% 3. Total employees (D+E) 1109 880 79.35% 229 20.65% WORKERS 4. Permanent (F) 0 0 0 0 0 5. Other than permanent (G) 0 0 0 0 0 6. Total workers (F+G) 0 0 0 0 0 b. Differently abled Employees and workers: Male Female S.No. Particulars Total (A) No. (B) % (B/A) No. (C) % (C/A) DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) 0 0 0 0 0 2. Other than Permanent (E) 0 0 0 0 0 3. Total differently abled employees (D+E) 0 0 0 0 0 DIFFERENTLY ABLED WORKERS 4. Permanent (F) 0 0 0 0 0 5. Other than permanent (G) 0 0 0 0 0 6. Total differently abled workers (F+G) 0 0 0 0 0 21. Participation/Inclusion/Representation of women No. and percentage of Females Category Total (A) No. (B) % (B/A) Board of Directors 8 1 12.50% Key Management Personnel 5 0 0 22. Turnover rate for permanent employees and workers (Disclose trends for the past 3 years) FY 2023-24 FY 2025-26 FY 2024-25 (Turnover rate in the year prior to Category (Turnover rate in current FY) (Turnover rate in previous FY) the previous FY) Male Female Total Male Female Total Male Female Total Permanent Employees 16.80% 8.10% 24.90% 20.90% 6.70% 27.60% 20.50% 9.20% 29.70% Permanent Workers NA NA NA NA NA NA NA NA NA BUISNESS RESPONSIBILITY AND SUSTAINABILITY REPORT V. Holding, Subsidiary and Associate Companies (including Joint Ventures as on March 31, 2026) 23. (a) Names of holding/subsidiary/associate companies/joint ventures Name of the holding / subsidiary Indicate whether Does the entity indicated at column A, S. % of shares held by / associate companies / joint holding/ Subsidiary / participate in the Business Responsibility No. listed entity venture Associate / Joint Venture initiatives of the listed entity? (Yes/No) 1 KDDL Limited Holding 43.07% (directly) and Yes 7.52% (indirectly) 2 Cognition Digital LLP Wholly Owned Subsidiary 100.00% No 3 Ficus Trading LLC Wholly Owned Subsidiary 100.00% No 4 Ethos Lifestyle Private Limited Subsidiary 75.05% No (formerly known as RF Brands Private Limited) 5 Micron Watch Service Private Limited Joint Venture (Subsidiary) 50.10% No 6 Pasadena Retail Private Limited Joint Venture 50.00% No 7 Silvercity Brands AG Associate 33.88% No VI. CSR Details (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: Yes (ii) Turnover (in Rs.) For the year ended March 31, 2026: 1,61,259.61 Lacs (iii) Net worth (in Rs.) As at March 31, 2026: 1,48,146.81 Lacs VII. Transparency and Disclosure Compliances 25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct: Grievance Redressal FY 2025-26 Current Financial Year FY 2024-25 Previous Financial Year Stakeholder Mechanism in Place (Yes/ Number of Number of Number of Number of group from whom No) (If Yes, then provide complaints complaints complaints complaints pending Remarks Remarks complaint is received. web-link for grievance filed during pending resolution filed during resolution at close redress policy) the year at close of the year the year of the year Communities Yes Nil Nil Nil Nil Nil Nil Investors (other than https://www.ethoswatches. Nil Nil Nil Nil Nil Nil shareholders) com/investors-information/ Shareholders 2 Nil Nil Nil Nil Nil investor-contacts Employees and Nil Nil Nil Nil Nil Nil workers Customers 453 18 Nil 356 18 Nil Value Chain Partners Nil Nil Nil Nil Nil Nil 26. Overview of the entity’s material responsible business conduct issues Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as p [Showing first 8,000 characters — download PDF for full document]