Eternal Limited has announced the resignation of Deepinder Goyal from his position as Managing Director and Chief Executive Officer, effective February 1, 2026. The company disclosed this major leadership transition through a regulatory filing dated February 6, 2026, submitted to both BSE and NSE pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Transition Details

Goyal formally tendered his resignation on January 21, 2026, stepping down from his role as Director, MD & CEO along with his positions on various committees. The transition involves Albinder Dhindsa taking over as the new Group CEO, while Goyal will remain on the board as Vice Chairman, subject to shareholder approval.

Strategic Rationale Behind the Change

In his detailed letter to shareholders, Goyal explained his decision stems from a desire to pursue new ideas involving significantly higher-risk exploration and experimentation. He emphasized that these concepts are better suited for pursuit outside a public company framework and do not align with Eternal's current strategic scope.

Goyal stated that while he believes he has the bandwidth to continue his current responsibilities while exploring new ventures, the expectations and legal requirements of being a public company CEO in India demand singular focus. This transition allows Eternal to maintain sharp focus while providing him the flexibility to explore ideas that don't fit the company's risk profile.

Operational Structure and Continuity

The leadership change brings specific operational adjustments while maintaining core business structures:

What Remains Unchanged:

• Partnership between Goyal, Dhindsa, and Akshant continues
• Business CEOs maintain their existing autonomy
• Goyal's involvement in long-term strategy, culture, leadership development, and governance
• Decentralized structure with individual business CEOs

Key Changes:

• Day-to-day execution responsibility transfers to Dhindsa
• Operating priorities and business decisions now under Group CEO purview
• Blinkit remains top priority under Dhindsa's leadership

ESOP Restructuring and Alignment

As part of the transition, Goyal announced that all his unvested ESOPs will revert to the company's ESOP pool. This strategic move ensures Eternal continues offering meaningful wealth-creation opportunities for its next generation of leaders while strengthening long-term retention without additional shareholder dilution.

Goyal emphasized that his financial future remains significantly tied to Eternal, maintaining alignment with long-term shareholder value creation despite the role change.

Company Background and Future Vision

Eternal Limited, formerly known as Zomato Limited, operates under scrip code 543320 with ISIN INE758T01015. Goyal reflected on the company's eighteen-year journey, noting how the initial concept of a menu scanning company has evolved into a multi-billion dollar enterprise serving millions of families daily and providing livelihoods to hundreds of thousands of people.

Despite stepping down from the CEO role, Goyal reiterated his ambitious vision for Eternal, including goals to become India's most valuable company, serve a billion customers, create positive societal impact, and provide livelihoods for millions of Indians. He characterized this change as "a change in title, not in commitment towards outcomes," emphasizing that Eternal remains his life's work.

Eternal Limited has announced the dissolution of its step-down subsidiary Zomato Netherlands B.V., marking the completion of a corporate restructuring process that began earlier in 2025.

Dissolution Details

The subsidiary dissolution became effective on January 27, 2026, with the company receiving official confirmation on February 5, 2026. Eternal Limited disclosed this information to both BSE and NSE on February 6, 2026, in accordance with Regulation 30 of the SEBI Listing Regulations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sandhya Sethia signed the communication from the company's Gurugram office.

Previous Communications

This announcement follows an earlier intimation dated April 9, 2025, suggesting the dissolution process had been initiated several months prior to its completion. The company has made the disclosure information available on its official website at www.eternal.com .

Corporate Identity

Eternal Limited, formerly known as Zomato Limited, trades on Indian stock exchanges with scrip code 543320 on BSE and symbol ETERNAL on NSE. The company's ISIN is INE758T01015.