Board Meeting28 Apr 2026, 03:15 pm
Eternal Board Approves Q4/FY26 Results & ₹24.19 Cr Asset Transfer
AI Summary
The board of directors of Eternal Limited, in its meeting on April 28, 2026, approved the standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The statutory auditor, Deloitte Haskins & Sells, issued an unmodified opinion on these results. Additionally, the board approved an asset transfer agreement with Wasteland Entertainment Private Limited (WEPL), a wholly-owned subsidiary. Under this agreement, Eternal will transfer the technology stack of its District platform and identified employees to WEPL for a consideration of ₹24,19,13,925. This related-party transaction is at arm's length and aims to improve organizational efficiency and unlock business opportunities.
Key Highlights
- Board approved Q4/FY26 standalone and consolidated financial results.
- Auditor Deloitte issued an unmodified opinion on the financial results.
- Approved asset transfer of District platform tech stack to wholly-owned subsidiary WEPL.
- Asset transfer consideration is ₹24.19 crore.
- Transaction is a related-party deal, conducted at arm's length.