Eternal Limited has responded to a surveillance query from BSE Limited regarding news reports about its quick commerce subsidiary Blinkit's delivery model. The company issued a formal clarification on January 13, 2026, addressing concerns raised by the stock exchange about potential material developments.

BSE Surveillance Query Response

The clarification came in response to BSE's email reference L/SURV/ONL/RV/APJ/ (2025-2026)/ 134, which sought clarification on a news item published on Moneycontrol.com. The report was titled "Swiggy, Eternal shares off day's high as reports say Blinkit removes 10-minute delivery deadline."

Company's Official Position

Eternal Limited categorically stated that no developments in the company warrant disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company specifically addressed concerns about its quick commerce business Blinkit, emphasizing that there are no changes in the business model that could have any material impact on the company.

Company Secretary and Compliance Officer Sandhya Sethia signed the clarification document, which was digitally authenticated on January 13, 2026, at 21:13:14 +05'30' from Gurugram.

Share Price Movement Clarification

The company also highlighted that since the publication of the news article at 3:00 PM, there had been no sharp share price movement in Eternal's stock. This observation was included to provide additional context regarding the market impact of the reported news.

Corporate Information

The clarification reinforces Eternal Limited's commitment to regulatory compliance and transparent communication with stakeholders regarding material developments that could impact investor interests.

Eternal Ltd shares gained momentum on Tuesday, rising 3% to ₹294.63 following the company's latest shareholding pattern disclosure. The stock's upward movement came after key developments in its foreign shareholding structure that could significantly impact its global index positioning.

MSCI Eligibility Breakthrough

The company's foreign room has crossed the critical 25% threshold, marking a significant milestone for the stock's MSCI inclusion prospects. Previously, Eternal held only half weight in the MSCI index due to limited foreign room availability.

Analysts anticipate this change will be reflected in MSCI's February review, potentially triggering substantial passive inflows of approximately $390 million if the full weight adjustment is implemented.

Market Performance and Trading Activity

The stock demonstrated strong momentum during Tuesday's trading session, significantly outperforming the broader market. While the NSE Nifty 50 Index declined 0.03%, Eternal shares showed robust buying interest.

Recent Corporate Developments

Eternal, which serves as the parent entity of Zomato and Blinkit, recently received GST demand orders from West Bengal tax authorities. The orders, passed by the Additional Commissioner of State Tax (Appeals), amount to over ₹27.56 crore including interest and penalty for the period between April 2020 and March 2022, relating to short payment of output tax.

Analyst Outlook

Despite recent regulatory challenges, analyst sentiment remains overwhelmingly positive on the stock. The consensus view reflects strong confidence in the company's growth prospects and market position.

The average 12-month consensus price target of ₹379.16 suggests significant upside potential from current levels, reinforcing the positive outlook among market participants. The potential MSCI weight adjustment could further strengthen the stock's position in global portfolios, making it an attractive proposition for institutional investors.