Ethos Limited approved the appointment of Mrs. Munisha Gandhi as an Additional Director (Non- Executive Non Independent and Woman Director), Liable to retire by rotation and change in designation of Mr. Patrik Paul Hoffmann as an Independent Director of the Company for a term as may be fixed by shareholders of the Company, term not exceeding 5 consecutive years as may be fixed by shareholders at the upcoming General Meeting of the Company, at board meeting held on September 27, 2022. Mrs. Munisha Gandhi holds a Degree in Law from Panjab University, Chandigarh. Graduated from the Kashmir University at Srinagar.

Designated as a Senior Advocate in the year 2014 and remained Additional Advocate General for the State of Punjab for the period 2012 till 2017. Professional legal career spanning more than 28 years and has been at the helm & instrumental in the High Court's delivering legal pronouncements having far reaching consequences impacting the rights of the parties involved. Mr. Patrik Paul Hoffmann Qualified from Business School of the Association of Commerce, Switzerland (Accountant with Federal Diploma, CPA, Certified Public Accountant), Marketing Management, International Management, Sales Management, Marketing Research and Marketing Decision Making from Andrews University, USA.

More than 30 years' experience in the watch industry and has been at leadership positions with global watch brands and retailers.