Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30 and 33

Audit Opinion:

Clean/Unmodified Review Report by Walker Chandiok & Co LLP. The auditor stated: "Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."

Key Financial Highlights [Rupees in lakhs]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹4,876.14 lakh (24.3% YoY increase from ₹3,924.99 lakh in Q2 FY26)
  • Total Income: ₹4,975.11 lakh
  • Net Profit: ₹266.10 lakh (14.7% YoY increase from ₹232.02 lakh in Q2 FY26)
  • EPS: ₹9.95 (basic and diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹9,381.33 lakh (27.0% YoY increase from ₹7,388.18 lakh in H1 FY26)
  • Total Income: ₹9,587.51 lakh
  • Net Profit: ₹546.02 lakh (25.5% YoY increase from ₹435.05 lakh in H1 FY26)
  • EPS: ₹20.41 (basic and diluted)

Balance Sheet Position as at September 30, 2026:

  • Other Equity: ₹15,089.01 lakh (increased from ₹14,547.10 lakh as at March 31, 2026)
  • Cash and Cash Equivalents: ₹938.74 lakh
  • Total Debt: Not specifically disclosed but lease liabilities stand at ₹43,360.58 lakh (₹36,535.01 non-current + ₹6,825.57 current)
  • Total Assets: ₹22,351.66 lakh

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹4,989.03 lakh (30.2% YoY increase from ₹3,833.93 lakh in Q2 FY26)
  • Total Income: ₹5,114.21 lakh
  • Net Profit: ₹293.58 lakh (23.4% YoY increase from ₹237.92 lakh in Q2 FY26)
  • EPS: ₹10.77 (basic and diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹9,606.08 lakh (31.6% YoY increase from ₹7,297.11 lakh in H1 FY26)
  • Total Income: ₹9,864.64 lakh
  • Net Profit: ₹580.22 lakh (35.5% YoY increase from ₹428.11 lakh in H1 FY26)
  • EPS: ₹21.28 (basic and diluted)

Consolidated Balance Sheet Position as at September 30, 2026:

  • Other Equity: ₹16,314.18 lakh
  • Cash and Cash Equivalents: ₹1,455.40 lakh
  • Total Assets: ₹24,247.14 lakh

Segment-wise Performance:

The management considers retail trading of premium and luxury watches, accessories and other luxury items including related after-sale services as a single operating segment as per Ind AS 108. No separate segment disclosure provided.

Corporate Actions:

1. Dividend: No dividend declared

2. MD Re-appointment: Board approved re-appointment of Mr. Pranav Shankar Saboo (DIN: 03391925) as Managing Director for a further term of 3 years commencing April 1, 2027, subject to shareholder approval

3. Postal Ballot: Approval of notice for postal ballot through remote e-voting process for shareholder resolutions

4. Scrutinizer Appointment: M/s. Jaspreet Singh Dhawan & Associates (FCS:8545) appointed as scrutinizer for postal ballot process

Other Significant Information:

1. Rights Issue Utilization: As of September 30, 2026, out of ₹4,099.05 lakh rights issue proceeds (net of issue expenses):

  • ₹2,060.35 lakh utilized for working capital requirements
  • ₹961.15 lakh allocated for general corporate purposes remains unutilized
  • Unutilized proceeds temporarily invested in bank deposits

2. Subsidiary Acquisition: On April 30, 2026, Ethos Limited acquired 1,89,480 equity shares of Ethos Lifestyle Private Limited (ELPL) at ₹1,069 per share (aggregate ₹2,026 lakh) from Mr. Pranav Shankar Saboo, increasing shareholding from 75.05% to 77.42%

3. Entities in Consolidation: Includes subsidiaries (Cognition Digital LLP, Ethos Lifestyle Private Limited, Ficus Trading LLC, Micron Watch Services Private Limited), joint venture (Pasadena Retail Private Limited), and associate (Silvercity Brands AG and its subsidiary Favre Leuba GmBH)

4. Exception Item: Statutory impact of new labour codes recorded as exceptional item