Shareholders meeting

Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, C-1, G-Block, Bandra - Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 543320, Scrip Symbol: ETERNAL ISIN: INE758T01015 Sub.: Annual Report and Notice of Annual General Meeting of Eternal Limited (formerly known as Zomato Limited) (“the Company”) for the financial year 2025-26 Dear Sir/ Ma’am, This is to inform you that the 16th Annual General Meeting (“AGM”) of the Company is scheduled to be held on Wednesday, August 26, 2026, at 12:00 P.M. (IST) through video conference (‘VC’)/ other audio visual means (‘OAVM’) in compliance with the applicable provisions of the Companies Act, 2013 and rules made thereunder, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), and relevant circulars issued by MCA and SEBI. Pursuant to the Listing Regulations, we are enclosing herewith the following: 1. Notice convening 16th Annual General Meeting of the Company (“Notice”) and 2. Annual Report of the Company for the financial year ended March 31, 2026 (“Annual Report”) The Notice and Annual Report is being sent through electronic mode to the members of the Company whose names appear in the register of members/ list of beneficial owners as on Wednesday, July 22, 2026 and whose e-mail addresses are registered with the Company/ registrar and share transfer agent/ depositories/ depository participants. The Board has appointed National Securities Depository Limited (“NSDL”) as the e-voting agency. Members of the Company holding shares in demat or physical form as on Wednesday, August 19, 2026 (“Cut-off date”) are entitled to cast their vote on the resolutions as set out in the Notice by electronic means, through remote e-voting facility which shall commence on Saturday, August 22, 2026 at 9:00 A.M. (IST) and end on Tuesday, August 25, 2026 at 5:00 P.M. (IST) or through e-voting at the AGM. The Notice convening the AGM along with the Annual Report are uploaded on the Company’s website at www.eternal.com and also at the website of NSDL at www.evoting.nsdl.com. For Eternal Limited (Formerly known as Zomato Limited) Sandhya Sethia Company Secretary & Compliance Officer Date: July 28, 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 Annual Report 2025-26 NATIONAL SPORTS STADIUM Powering India's changing lifestyles Our mission statement Powering India's changing lifestyles Our vision statements Better food for more people ZOMATO Instant commerce indistinguishable from magic BLINKIT World class going-out experiences in India DISTRICT Building India’s most trusted food supply chain HYPERPURE Make India malnutrition free FEEDING INDIA Table of contents Company Overview Eternal at a glance 1 Financial highlights 2 Our key businesses 4 Operational and financial highlights 12 ESG update 33 Corporate information 44 Statutory Reports Management discussion and analysis 45 Board report 51 Report on corporate governance 161 Financial Statements Consolidated auditor’s report 186 Consolidated financial statements 197 Standalone auditor’s report 298 Standalone financial statements 311 Company Overview: Eternal at a glance | Statutory Reports | Financial Statements Eternal at a glance Eternal is more than just a name - it is a commitment to building something that deserves to last. An institution where culture outlasts strategy, where systems outlast individuals, where the work of one generation creates the foundation for the next. Today, that foundation spans four key businesses transforming how Indians dine, shop and go-out. A.Food delivery B. Quick commerce C.Going-out D.B2B supplies Food ordering and Doorstep delivery Enabling discovery B2B business delivery business of products across and transactions supplying quality food in India categories across going-out ingredients & other experiences products to restaurants Launched Launched Launched Launched 2015 2021 2022 2019 (acquired in Aug-22) Footprint Footprint Footprint Footprint 900+ cities 250+ cities 800+ cities 8 cities (India) (India) (India + UAE) (India) Company Overview: Financial highlights | Statutory Reports | Financial Statements Consolidated financial highlights NOV (B2C business) and consolidated Adjusted Revenue grew 55% YoY and 159% YoY (61% LFL*) respectively Consolidated Adjusted EBITDA grew 10% YoY to INR 1,189 crore FY26 non-GAAP metrics NOV (B2C business) Adjusted Revenue** Adjusted EBITDA INR 95,959 crore INR 55,903 crore INR 1,189 crore 55% 159% (61% LFL*) INR 110 crore YoY growth YoY growth YoY improvement FY26 GAAP metrics Revenue** EBITDA PAT INR 54,364 crore INR 1,208 crore INR 366 crore 169% INR 571 crore INR 161 crore YoY growth YoY improvement YoY change * Like-for-like (“LFL”) consolidated Adjusted Revenue is calculated as consolidated Adjusted Revenue (-) Revenue from Hyperpure’s non-restaurant business (-) cost of goods sold in case of own inventory sales in quick commerce. ** Sharp increase mainly due to shift to inventory model in quick commerce from Q1FY26 onwards, where Revenue now also includes the full monetary value of goods sold (and not just the marketplace commission). Notes: NOV (B2C business) is defined as the combined net order value (NOV) of consumer facing businesses i.e. food delivery, quick commerce and going-out. NOV (B2C business) excludes the NOV of Bistro business which is part of the ‘Others’ segment. Adjusted Revenue defined as consolidated revenue from operations as per financials (+) actual customer delivery charges paid in the food delivery business (net of any discounts, including free delivery discounts on Zomato Gold program) (+) platform fee and other charges paid on food delivery Orders that are not already included in revenue from operations. Adjusted EBITDA defined as consolidated EBITDA (+) share-based payment expense (-) rental paid for the period pertaining to ‘Ind AS 116 leases’. Company Overview: Financial highlights | Statutory Reports | Financial Statements Financial highlights by business INR crore Net order Adjusted Adjusted value (NOV) Revenue EBITDA Food 37,993 11,698 2,017 delivery 16% YoY 24% YoY 512 YoY Quick 48,567 37,779 -277 commerce 117% YoY 15 YoY Going- 9,399 973 -319 42% YoY 32% YoY 281 YoY Total (B2C businesses) 95,959 50,450 1,421 ssenisub 626% YoY 144% YoY (LFL*) 5,366 -17 supplies 13% YoY 67 YoY Others - 87 -215 Total (All businesses) - 55,903 1,189 Notes: * Like-for-like (“LFL”) quick commerce Revenue calculated as quick commerce Revenue (-) cost of goods sold in case of own inventory sales. Others segment includes Bistro, Nugget, Greening India and other new initiatives that we may launch from time to time. Company Overview: Our key businesses | Statutory Reports | Financial Statements A. Food delivery Zomato operates a B2C technology platform that provides customers with a seamless, on- demand solution to discover local restaurants, order food, and have it delivered reliably and quickly. Every order on Zomato requires real-time coordination. A meal has to be prepared by a third-party restaurant, picked up by an independent delivery partner navigating unpredictable traffic, and delivered while the food is still hot — executed at a scale of millions of orders per day with no room for error. Over time, we have invested in building systems that make this possible, reliably and at scale across the length and breadth of the country. As of Mar-26, our food delivery operations were present across 900+ cities pan- India. FY26 key metrics NOV Orders Net AOV (NAOV) INR 37,993 crore 979 million INR 388 16% YoY growth 15% YoY growth 1% YoY growth Average monthly Average monthly active Average monthly active fo [Showing first 8,000 characters — download PDF for full document]