Eternal Limited , formerly known as Zomato, is making significant strides in the quick-service food delivery sector with the establishment of a new subsidiary, Blinkit Foods Limited. This move is part of the company's strategy to expand its 10-minute food delivery offering under the Bistro brand.

New Subsidiary Formation

The board of Eternal Limited has approved the incorporation of Blinkit Foods Limited as a wholly-owned subsidiary. According to the company's disclosure to the stock exchanges, the Certificate of Incorporation for Blinkit Foods Limited was issued by the Ministry of Corporate Affairs on August 21, 2025.

Expansion of Quick Delivery Services

Eternal is currently operating 38 Bistro kitchens across Bengaluru and Delhi-NCR, focusing on its 10-minute food delivery service. This expansion follows the company's decision to shut down its previous rapid food delivery initiative, Everyday, due to insufficient demand.

CEO's Insights

Deepinder Goyal, CEO of Eternal, reported encouraging early demand trends for the Bistro service. He noted that the kitchens are generating incremental orders without affecting Eternal's existing business. The Bistro brand is targeting customers seeking affordable home-style meals and quick snack options delivered within 10 minutes.

Business Model Refinement

While customer traction has been strong, Goyal emphasized the need to refine the business model to achieve profitability. The company plans to continue making calibrated investments in this segment.

Market Response

The market's initial reaction to these developments was slightly negative, with Eternal's shares closing 1.50% lower at Rs 321.65 on the BSE.

Corporate Governance Updates

In other corporate news, Eternal Limited held its 15th Annual General Meeting (AGM) on August 19, 2025, where several key resolutions were passed:

1. Re-appointment of Deloitte Haskins & Sells as Statutory Auditors for a second term of 5 years.
2. Appointment of Chandrasekaran Associates as Secretarial Auditors for a 5-year term.
3. Re-appointment of Sanjeev Bikhchandani as Non-Executive Nominee Director.

These resolutions received overwhelming support from shareholders, with each garnering over 97% votes in favor.

As Eternal Limited continues to evolve its business model and corporate structure, the food delivery sector in India appears set for further innovation and competition.

Eternal Limited, formerly known as Zomato Limited, has announced the incorporation of a new wholly-owned subsidiary, Blinkit Foods Limited. This strategic move, which took place on August 18, 2025, marks a significant step in the company's corporate restructuring efforts.

Incorporation Details

The newly formed entity, Blinkit Foods Limited, received its certificate of incorporation from the Ministry of Corporate Affairs on August 21, 2025. Key details of the incorporation include:

• Corporate Identity Number (CIN): U47222DL2025PLC453320
• Permanent Account Number (PAN): AANCB8469J
• Tax Deduction and Collection Account Number (TAN): DELB30942C

Strategic Implications

This corporate restructuring move by Eternal Limited suggests a potential focus on expanding or streamlining its food-related operations. The name 'Blinkit Foods' implies a possible connection to quick commerce or rapid food delivery services, aligning with the evolving trends in the food tech industry.

Disclosure and Compliance

In compliance with regulatory requirements, Eternal Limited has made the necessary disclosures to the stock exchanges. The company informed that the incorporation details will be available on its official website, www.eternal.com , ensuring transparency for its stakeholders.

Company Background

Eternal Limited, which recently changed its name from Zomato Limited, is a prominent player in the Indian food tech sector. The company's registered office is located at Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India.

Market Response

As of the latest available data, the stock market's reaction to this development was not provided. Investors and analysts will likely be watching closely to see how this new subsidiary fits into Eternal's overall business strategy and potential impact on future growth.

The incorporation of Blinkit Foods Limited represents a noteworthy development in Eternal Limited's corporate structure, potentially signaling new directions or focus areas for the company in the competitive food tech landscape.