BSECompany Update1h ago · 22 Jul 2026, 06:29 pm
Eternal Limited has filed with exchange monitoring agency report for quarter ended June 30, 2026.
Eternal Ltd · 543320
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Eternal Ltd has filed a monitoring agency report with ICRA Limited for the quarter ended June 30, 2026, regarding the utilization of proceeds raised through a qualified institutions placement.
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Earnings Impact5/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Eternal Ltd - 543320 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Department of Corporate Services Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers C-1, G-Block, Bandra - Kurla Complex
Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 543320, Scrip Symbol: ETERNAL
ISIN: INE758T01015
Sub.: Monitoring Agency Report w.r.t. utilization of proceeds raised through qualified institutions
placement by Eternal Limited (Formerly known as Zomato Limited) (“the Company”)
Dear Sir/ Ma’am,
Pursuant to Regulation 173A of the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2018 and Regulation 32 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith
the monitoring agency report issued by ICRA Limited, Monitoring Agency, in respect of utilization of
proceeds raised through qualified institutions placement by the Company for the quarter ended June 30,
2026.
The above information will also be hosted on the website of the Company i.e. www.eternal.com.
For Eternal Limited
(Formerly known as Zomato Limited)
Sandhya Sethia
Company Secretary & Compliance Officer
Date: July 22, 2026
Encl.: As above
ETERNAL LIMITED (Formerly known as Zomato Limited)
Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India
CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373
June2026
MONITORING AGENCYREPORT
Name of the Issuer:EternalLimited(Formerly Known as Zomato Limited)
For quarter ended:June30, 2026
Name of the Monitoring Agency(MA):ICRA Limited
(a) Deviation from the objects of the issue:
Nodeviation -The utilization of the issuance proceeds is in line with the objects of the issue.
(b) Range of deviation:
Not Applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the
objects of the issue based on the information provided by the Issuer and information obtained from sources believed
by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of
any information/ certifications/ statements it receives. This Report is not intended to create any legally binding
obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal inany security of
the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as
creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report.
The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The
MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report
pertains and may receive separate compensation for its ratings and certain credit relatedanalyses. We confirm that
we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the
utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format
prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the
title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee
of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of
the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no
responsibility for such comments of the issuer’s Management/Board.
Signature:
Parul Goyal Digitally signed by
Parul Goyal Narang
Narang Date: 2026.07.22
18:09:41 +05'30'
Parul Goyal Narang
Vice President& Head Process-Excellence
Analyst: Dhwani Vinchhi
QA: Parul Narang
Sensitivity Label : Public
June2026
1. IssuerDetails
Name of the Issuer:EternalLimited(Formerly Known as Zomato Limited)
Name(s) of the promoters:
Promoters
None
Source: BSE
Industry/ sector to which it belongs:Other information service activities n.e.c (NIC Code: 63999)
2. Issue Details
Issue Period:Openingdate-November 25, 2024
Closingdate-November 28, 2024
Type of Issue:QIP Issue
Type of specified securities:Equityshares
IPO Grading, if any: Not Applicable
Issue Size (Rs. Crore):Issue of 33,64,73,755 equity shares of face value of Rs1 each at a price of Rs252.62 per Equity
Share, aggregating to Rs.8,500.00Crore
With OFS portion: Not applicable
Excluding OFS portion: Not applicable
Net proceedsas per placement document: INR 8,436.12Crore
Note:ICRA will be monitoring NetProceeds of INR 8,436.12crore forQ1FY2027
Sensitivity Label : Public
June2026
3. Details of the arrangement made to ensure the monitoring of issue proceeds.
Source of information, Comments of
Comments of the
certifications considered by the the Issuer’s
Particulars Reply Monitoring
Monitoring Agency for the Board of
Agency
preparation of report Directors
Whether all utilization is as per -Statutory Auditorcertificate
No deviation
the disclosures in the Offer Yes -Confirmation from management No comments
observed
Document? -Bank statement
Whether shareholder approval
has been obtained in case of
Not As confirmed by the Issuer’s
material deviations#from No comments No comments
Applicable management
expenditures disclosed in the
Offer Document?
Whether the means of finance
As confirmed by the Issuer’s
for the disclosed objects of the No No comments No comments
management
issue has changed?
Is there any major deviation
observed over the earlier No No Deviation Observed No comments No comments
monitoring agency reports?
Whether all Government/
statutory approvals related to
Yes As confirmed by the Issuer’s No comments No comments
the object(s) have been
management
obtained?
Whether all arrangements
pertaining to technical Not As confirmed by the Issuer’s No comments
No comments
assistance/ collaboration are in Applicable management
operation?
Are there any favorable events As understood
As confirmed by the Issuer’s
improving the viability of these No from the Issuer’s No comments
management
object(s)? management
Are there any unfavorable As understood
As confirmed by the Issuer’s
events affecting the viability of No from the Issuer’s No comments
management
the object(s)? management
Is there any other relevant
As understood
information that may materially As confirmed by the Issuer’s No comments
No from the Issuer’s
affect the decision making of the management
management
investors?
#Where material deviation is defined to mean:
(a) Deviation in the objects or purposes for which the funds had been raised.
(b) Deviation in the amount of funds utilizedby more than 10% of the amount specified in the offer document.
Sensitivity Label : Public
June2026
4. Details of the object(s) to be monitored.
(i)Cost of object(s)
Source of Comments of the Issuer’s Board of
information, Directors
Original
certifications Comments
cost (as per Revised
considered by of the Particulars of
S.N. Item Head the offer cost Reason Proposed
the Monitoring Monitoring firm
document) [Rs. Crore] for cost financing
Agency for the Agency arrangements
[Rs. Crore] revision option
preparation of made
report
Expenditure towards
setting up and
Placement Not No
1 running operations 2,137.00 No comments
Document Applicable comments
of Dark Stores and
warehouses
Advertising,
marketing and
Placement Not No
2 branding initiatives 2,492.00 No comments
Document Applicable comments
across business
offerings
Investment in
technology
infrastructure and
capabilities,
including cloud
Placement Not No No comments
3 infrastructure and 1,769.00
Document Applicable comments
software and
towards
development of
technological
capabilities
General corporate Placement Not No
4 2,038.12 No comments
purposes Document Appli
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