Monitoring Agency Report

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 September 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: October 21, 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 September2026 MONITORING AGENCYREPORT Name of the Issuer:EternalLimited(Formerly Known as Zomato Limited) For quarter ended:September30, 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 in any 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 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 Signature: Parul Goyal Narang Vice President& Head Process-Excellence Analyst: Dhwani Vinchhi QA: Parul Narang Sensitivity Label : Public September2026 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 forQ2FY2027 Sensitivity Label : Public September2026 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 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 material deviations#from No comments No comments Applicable management expenditures disclosed in the Offer Document? Whether the means of finance As confirmed by the 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 No comments No comments the object(s) have been management obtained? Whether all arrangements pertaining to technical Not No comments assistance/ collaboration are in Applicable management No comments operation? Are there any favorable events As understood improving the viability of these No No comments management object(s)? management Are there any unfavorable As understood events affecting the viability of No No comments management the object(s)? management Is there any other relevant As understood information that may materially No comments 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 September2026 4. Details of the object(s) to be monitored. (i)Cost of object(s) Source 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 Applicable comments Total 8,436.12 Sensitivity Label : Public September2026 (iii) Deployment of unutilized proceeds: Market Value Amount Return on Type of instrument and name of the Earning as at the end S.N. invested Maturity date Investment entity invested in [Rs. Crore] of quarter [Rs. Crore] 1 Fixed Deposit with Axis Bank 600.00 March 18, 2027 84.16 7.27% 684.16 September 15, 2 Fixed Deposit with Axis Bank 400.00 55.70 7.22% 455.70 2027 3 Fixed Deposit with ICICI Bank 100.00 December 14, 2026 13.74 7.42% 113.74 Corporate [Showing first 8,000 characters — download PDF for full document]