Eternal Materials witnessed a major block trade transaction on the National Stock Exchange (NSE), marking a significant trading activity for the company's shares.

Transaction Details

The block trade involved substantial volume and value, representing a noteworthy market transaction for the company.

Block Trade Significance

Block trades are large-volume transactions that are typically executed through special trading mechanisms on stock exchanges. These transactions usually involve institutional investors, mutual funds, or other large market participants looking to buy or sell substantial quantities of shares without significantly impacting the stock's market price.

The transaction represents approximately 5.3 million shares changing hands at the specified price point of ₹290.30 per share. Such large-scale transactions often occur when institutional investors are rebalancing their portfolios or when there are strategic stake changes in the company.

Market Impact

Block trades are generally executed to minimize market disruption that could occur if such large volumes were traded through regular market mechanisms. The execution at ₹290.30 per share provides insight into the institutional valuation of Eternal Materials' equity at the time of the transaction.

The substantial transaction value of ₹153.85 crores indicates significant institutional interest or portfolio adjustments involving Eternal Materials' shares, reflecting the company's position in institutional investment portfolios.

Eternal , the parent entity of Zomato and Blinkit, has received two significant Goods and Services Tax (GST) demand orders from West Bengal tax authorities. The orders, totaling over ₹27.56 crore including interest and penalty, relate to alleged short payment of output tax for a two-year period.

GST Demand Order Details

The company received the orders on January 8, 2026, from the Additional Commissioner of State Tax (Appeals), West Bengal. These orders pertain to the period between April 2020 and March 2022, covering alleged short payment of output tax during this timeframe.

The breakdown shows that the primary GST demand constitutes the largest portion at ₹16.72 crore, while interest charges amount to ₹9.16 crore and penalty stands at ₹1.67 crore.

Company's Response and Legal Position

Eternal has expressed confidence in its legal position regarding these GST demand orders. The company stated in its regulatory filing that it believes it has a strong case on merits, supported by opinions from external legal and tax advisors.

The company plans to challenge these orders through the appropriate legal channels. Eternal will be filing an appeal against the orders before the relevant authority, indicating its intention to contest the tax department's assessment.

Regulatory Disclosure

The company made the disclosure through a regulatory filing, ensuring transparency with stakeholders about this significant tax matter. The filing provided complete details of the demand orders, including the specific amounts for GST, interest, and penalty components.

This development represents a substantial financial matter for Eternal, given the total demand amount of over ₹27.56 crore. The resolution of this matter will depend on the outcome of the appeal process that the company intends to pursue.