Eternal Limited has informed the exchange regarding the order received from Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh
ETERNAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Eternal Limited (formerly Zomato) has informed the stock exchange about receiving an order from the Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh. The filing does not specify whether the order is favourable or adverse, nor does it mention the financial amount involved. The matter relates to sales tax/service tax assessment by the Andhra Pradesh state tax department. The company has not disclosed its intended response or whether it plans to appeal the order. Investors would need to see the full order details to understand the implications.
The impact on shareholders depends on the nature and quantum of the tax demand, which has not been disclosed in the headline. Tax orders from state authorities can sometimes result in material financial outflows if the demand is significant, but without details, the market impact remains uncertain.