Eternal Limited has filed with exchange monitoring agency report for the quarter ended March 31, 2025.
ETERNAL · price
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Eternal Limited has submitted the ICRA monitoring agency report on how it used the Rs. 8,500 crore raised through a Qualified Institutions Placement (QIP) in November 2024 (net proceeds Rs. 8,436.12 crore at Rs. 252.62 per share). The agency confirmed no deviation from the stated objects and all four spending categories (dark stores, advertising, technology, general corporate purposes) are on schedule for the FY26–FY28 timeline. During Q4 FY25, the company utilized Rs. 711.04 crore, taking cumulative usage to Rs. 806.76 crore, leaving Rs. 7,629.36 crore unutilized. The unutilized amount has been parked in fixed deposits with banks, government securities, and liquid mutual funds earning returns of roughly 7–8%.
The report reassures shareholders that QIP funds are being deployed as promised, with no diversions or delays detected by the independent monitoring agency. Parking the large unutilized corpus in safe fixed deposits and government securities means the company is earning steady interest while it gradually spends on expansion and growth initiatives.