Subject: Outcome of the Board Meeting of Ethos Limited, Company's material subsidiary
Dear Sir / Madam,
This is to inform you that the Board of Directors of Ethos Limited at its meeting held on 28th March, 2022 inter alia, approved the following matters:
1.
Issued and allotted 302,663 equity shares of Rs. 10 each at a premium of Rs. 816 per share, towards Pre-IPO placement. After the aforesaid allotment, the shareholding of KDDL Limited in the Company is 75.39% (directly and indirectly).
2. Appointment of Mr. Chitranjan Agarwal (DIN - 00095715) as an Additional Director (Non - Executive and Non - Independent) of Ethos Limited w.e.f. 1st April, 2022.
Please take the same on record.
Thanking you,
Yours truly
For KDDL Limited
Brahm Prakash Kumar Company Secretary
Ref: KDDL/CS/2021-22/105
Date: 29th March, 2022
National Stock Exchange of India Limited
BSE Limited,
Exchange Plaza, C-1, Block G,
Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra,
Dalal Street, Mumbai - 400001
Mumbai - 400 051
Trading Symbol : KDDL
Scrip Code : 532054
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KDDL Ltd. published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 05:43:02 UTC.
KDDL Limited is an India-based engineering company. The Company is engaged in manufacturing of watch components (watch dials and watch hands), precision engineering components and press tools. The Companyâs segments include Precision and watch components, Watch, accessories and other luxury items and related services, and Others. Its Precision and watch components segment is engaged in manufacturing and distribution of dials, watch hands and precision components. Its Watch, accessories and other luxury items and related services segment is engaged in the trading of watches and accessories. Its Others segment is engaged in manufacturing and distribution of packaging boxes. It also manages the retail chain luxury Swiss watches in the organized sector through its subsidiary, Ethos Limited. Its other subsidiaries include Mahen Distribution Limited, Pylania SA and ESTIMA AG. It has manufacturing facilities at Parwanoo (Himachal Pradesh), Derabassi (Punjab), and Bangalore (Karnataka).
KDDL LIMITED 
