Quarterly Result21 Oct 2026, 03:32 pm
Eternal Ltd Declares Un-audited Financial Results for Q2 FY27
AI Summary
Eternal Limited announced its un-audited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also approved a Business Transfer Agreement to transfer the Going-out India business to its wholly-owned subsidiary, Zomato Entertainment Private Limited (ZEPL), as part of an internal restructuring. Additionally, the company will sell its shares in Adonmo Private Limited to Vivish Technologies Private Limited (Mygate) in exchange for Mygate shares, a step towards a proposed merger between Adonmo and Mygate. Post-merger, Eternal Ltd expects to hold approximately 4.4% equity in the merged Mygate entity.
Key Highlights
- Unaudited standalone and consolidated financial results for Q2 FY27 declared.
- Board approved Business Transfer Agreement for Going-out India business.
- Business consolidation into subsidiary ZEPL to streamline operations.
- Sale of Adonmo shares to Mygate in exchange for Mygate shares.
- Expected ~4.4% stake in merged Mygate entity post-transaction.
Price Impact
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