Zomato Ltd

Eternal Limited has filed its monitoring agency report for the quarter ended March 31, 2026, concerning the utilization of proceeds from its Qualified Institutions Placement (QIP). The report, issued by ICRA Limited, confirms that there was no deviation from the stated objects of the issue, indicating that the funds were utilized as planned. The QIP, conducted from November 25-28, 2024, involved 33.65 crore equity shares at ₹252.62 each, aggregating to ₹8,500 crore, with net proceeds of ₹8,436.12 crore.

Eternal Ltd. has announced the approval of its standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The statutory auditor, M/s 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 ₹24,19,13,925. This strategic move aims to enhance organizational efficiency and unlock new business opportunities. The transaction is classified as a related party transaction but was conducted at arm's length and is expected to be completed by May 1, 2026.

Eternal Limited's Board of Directors, at its meeting on April 28, 2026, approved the standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. 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. This agreement involves transferring the technology stack of the District platform and identified employees for a cash consideration of ₹24,19,13,925/- (₹24.19 crore). The transaction, expected to complete by May 1, 2026, aims to improve organizational efficiency and unlock business opportunities. It is classified as a related party transaction conducted at arm's length.

Eternal Ltd (formerly Zomato Limited) has filed its Shareholders’ Letter and Q4FY26 Results. The company reported a sharp increase in YoY Adjusted Revenue growth for Q4FY26, primarily attributed to a strategic shift to a 1P model in quick commerce (Blinkit) from Q1FY26. For the full FY26, 109 million Indians completed transactions exceeding $10 billion across Zomato, Blinkit, and District platforms. The founder projects a significant acceleration, aiming to double the annual Net Order Value (NOV) to $20 billion within the next two years. Furthermore, Eternal expects to achieve $1 billion in Adjusted EBITDA by FY29, building on its Adjusted EBITDA profitability reached in FY24. The company emphasizes its 'physical moat' derived from complex real-world logistics and supply chain management.

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.

Eternal Ltd has scheduled a Board of Directors meeting on April 28, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The company will also hold an earnings conference call on the same day at 5:00 P.M. IST to discuss the results. Registration is required to join the call, and the transcript and audio recording will be available on the company's website.

Eternal Limited has informed the Exchange about the closure of the trading window in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed from March 21, 2026, till 48 hours after the declaration of audited standalone & consolidated financial results for the financial year ending on March 31, 2026. Designated Persons (DPs) and their immediate relatives (IRs) are prohibited from entering into any transaction involving dealing/trading in securities of the Company during this period. The date of the board meeting for consideration & approval of the financial results will be intimated in due course. The functionality to restrict trading by DPs and their IRs in the shares of the Company by freezing PAN will be available from April 1, 2026, on the designated depository portal.

Eternal Limited has informed the exchange about orders received from the Additional Commissioner, CGST Gurugram Commissionerate, Gurugram, Haryana and Assistant Commissioner, Ranchi, Jharkhand. The orders are for the periods April 2019 to March 2020 and April 2022 to March 2023. The orders confirm GST of INR 4,97,99,769 and INR 5,99,95,835 respectively, with interest and penalty. The company believes it has a strong case on merits and will file appeals against the orders before the appropriate authority.

Eternal Ltd (formerly known as Zomato Limited) has launched an AI-powered hotline to streamline the delivery partner onboarding process, making it more convenient and hassle-free. This improvement is considered a routine business matter and does not require disclosure under Regulation 30 of the Securities and Exchange Board of India, 2015 (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in response to an exchange inquiry regarding a news item on 'https://www.business-standard.com/' titled 'Zomato launches Al-powered hotline to simplify delivery partner onboarding'.

Eternal Ltd., formerly known as Zomato Ltd., announced the outcome of its board meeting held on February 10, 2026. The board approved the re-appointment of Aparna Popat Ved, Kaushik Dutta, Namita Gupta, and Sutapa Banerjee as Independent Directors. Their second terms will commence from April 19, 2026 to April 18, 2031 for Aparna Popat Ved, from March 1, 2026 to February 28, 2031 for Kaushik Dutta and Namita Gupta, and from April 12, 2026 to April 11, 2031 for Sutapa Banerjee. The board also approved the appointment of Deepinder Goyal as Vice Chairman and Non-Executive Director. All the directors are not related to any of the company's directors or key managerial personnel and are not debarred from holding the office of director by virtue of any SEBI order or any other such authority.