In a significant corporate development, Zomato Limited , one of India's leading food delivery and restaurant discovery platforms, has officially changed its name to Eternal Limited. This rebranding marks a new chapter in the company's journey, potentially signaling broader ambitions beyond its current core business.

Official Approval and Implementation

According to a recent corporate filing, the Registrar of Companies, Ministry of Corporate Affairs (MCA) has approved the company's name change from 'Zomato Limited' to 'Eternal Limited'. The change took effect on March 20, 2025, as per the Certificate of Incorporation issued by the MCA.

Corporate Identity Changes

With this rebranding, several key corporate identity elements have been updated:

• New Name: Eternal Limited (formerly known as Zomato Limited)
• CIN: L93030DL2010PLC198141 (remains unchanged)
• Scrip Details:
  • Code: 543320
  • Symbol: ZOMATO (as of the announcement date)
• ISIN: INE758T01015 (remains unchanged)

Legal and Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows a series of intimations made by the company on February 6, February 7, and March 9, 2025, leading up to this final approval.

Implications of the Name Change

The rebranding to Eternal Limited suggests a potential shift in the company's strategic direction. While the exact reasons for the name change have not been explicitly stated, it could indicate:

1. A broader vision beyond food delivery and restaurant services
2. Possible diversification into new business areas
3. A refresh of the company's brand identity in the market

What This Means for Stakeholders

For investors, customers, and partners, the immediate impact of this name change may be minimal. However, it's worth noting that:

• The company's fundamental operations are expected to continue as usual
• All legal and contractual obligations of Zomato Limited will now be under the name Eternal Limited
• Stakeholders should update their records to reflect the new company name

Looking Ahead

As Eternal Limited, the company may unveil new strategies or business initiatives in the coming months. Stakeholders and market observers will be keenly watching for any announcements that might shed light on the reasoning behind this significant rebranding effort.

The food delivery and tech startup ecosystem in India will undoubtedly be interested in what this name change could mean for the industry landscape and Eternal Limited's future direction.

Investors and interested parties are advised to keep an eye on further communications from the company for more insights into its evolving strategy and any potential new ventures under its new identity as Eternal Limited.

A significant block trade involving Zomato Ltd. shares took place on the National Stock Exchange (NSE) today, signaling a notable transaction in the food delivery giant's stock.

Block Trade Details

A substantial block of approximately 2,517,073 Zomato shares changed hands in a single transaction on the NSE. The trade was executed at a price of Rs. 224.47 per share, amounting to a total value of Rs. 56.50 crores.

Impact and Context

Block trades of this magnitude often attract attention from market participants as they can indicate significant moves by institutional investors or large shareholders. While the identity of the buyer and seller in this transaction remains undisclosed, such trades can sometimes influence market sentiment or signal changing perspectives on a company's outlook.

Zomato's Market Position

Zomato, a leading player in India's competitive food delivery market, has been a focus of investor interest since its high-profile initial public offering (IPO) in 2021. The company has been working on expanding its market presence and improving its financial performance in a challenging economic environment.

Investor Considerations

While this block trade represents a substantial transaction, it's important for investors to note that such trades don't necessarily reflect the company's fundamental performance or future prospects. Market participants should consider a wide range of factors, including:

• Financial results
• Industry trends
• Broader market conditions

As always, investors are advised to conduct their own research and consult with financial advisors before making investment decisions based on market movements or individual trades.