Eternal Limited , formerly known as Zomato Limited, has announced the completion of the dissolution process for its step-down subsidiary in Malaysia. The company confirmed that Zomato Malaysia Sdn. Bhd. has been officially dissolved, effective August 08, 2025.

Key Details

• Subsidiary Dissolved: Zomato Malaysia Sdn. Bhd.
• Effective Date: August 08, 2025
• Prior Intimation: February 15, 2024

Background

Eternal Limited had previously informed stakeholders about the impending dissolution on February 15, 2024. The recent announcement marks the conclusion of this process, indicating the company's strategic move to streamline its international operations.

Corporate Disclosure

The dissolution was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sandhya Sethia, Company Secretary & Compliance Officer of Eternal Limited, signed the official communication to the stock exchanges.

Company Information

Investors and stakeholders can find additional information about this development on the company's official website, www.eternal.com .

This move aligns with Eternal Limited's ongoing efforts to optimize its global structure and operations. As the company continues to evolve from its origins as Zomato Limited, such strategic decisions may reflect its adapting business focus and international strategy.

Eternal Limited , formerly known as Zomato Limited, has received a Goods and Services Tax (GST) demand order from the Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh. The order, dated August 6, 2025, pertains to the period from April 2021 to March 2022 and involves a total liability of ₹1.35 crore.

GST Demand Details

The order confirms a GST demand of ₹67.25 lakh along with an equal penalty amount, totaling ₹1.35 crore. The demand is related to alleged short payment of output tax and excess availment of input tax credit during the specified period.

Company's Response

Eternal Limited has stated that it believes it has a strong case on merits and plans to file an appeal against the order before the appropriate authority. The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact

Despite the substantial demand, Eternal Limited does not anticipate any financial impact from this matter. The company's confidence in its position suggests that it expects a favorable outcome in the appeal process.

Regulatory Compliance

The company promptly informed the stock exchanges about this development, demonstrating its commitment to transparency and regulatory compliance. The disclosure was made to both the BSE Limited and the National Stock Exchange of India Limited.

Looking Ahead

As Eternal Limited prepares to contest the GST demand order, stakeholders will be watching closely to see how this issue unfolds. The company's ability to successfully navigate this regulatory challenge could have implications for its financial statements and investor confidence in the coming months.

Investors and market observers are advised to keep an eye on further updates from the company regarding the progress of its appeal and any potential resolutions with the tax authorities.