Eternal Limited has filed with exchange monitoring agency report for quarter ended March 31, 2026.
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Eternal Limited (formerly Zomato Limited) has filed its quarterly monitoring agency report for QIP proceeds raised in November 2024. The company raised Rs. 8,436.12 crore through a qualified institutions placement. As of March 31, 2026, Rs. 5,599.08 crore (66%) has been utilized across four objects: Dark Stores and warehouses (Rs. 2,137 crore fully utilized), advertising and branding (Rs. 1,432.53 crore), technology infrastructure (Rs. 697.46 crore), and general corporate purposes (Rs. 1,332.09 crore). The unutilized Rs. 2,837.04 crore is parked in fixed deposits, corporate deposits, G-Secs, and liquid mutual funds. ICRA confirmed no deviation from the stated objects of the issue and all projects are on schedule.
The monitoring report shows proper fund deployment with no deviations, indicating good corporate governance. Shareholders can be reassured that QIP funds are being utilized as disclosed, with adequate liquidity maintained through safe short-term instruments.