Eternal Limited has informed the exchange regarding order received from Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh
ETERNAL · price
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Awaiting price reaction for this filing.
Eternal Limited (formerly Zomato Limited) received an adjudication order dated August 6, 2025, from the Deputy Commissioner, State Tax, Lucknow, for the period April 2021 to March 2022. The order demands GST of ₹67.25 lakhs along with an equivalent penalty of ₹67.25 lakhs and applicable interest, totaling approximately ₹1.34 crore plus interest. The demand relates to alleged short payment of output tax and excess claim of input tax credit under Section 74 of the CGST Act, 2017 and UP GST Act, 2017. The company plans to appeal against the order and states it believes it has a strong case on merits. Management has indicated they do not expect any material financial impact on the company.
The financial exposure is relatively small for a company of Eternal's size (around ₹1.34 crore total), and the company is contesting it. Shareholders are unlikely to see any meaningful impact on stock price or operations, though investors should track the appeal outcome.