Eternal , formerly known as Zomato Limited, has received a Goods and Services Tax (GST) demand order of ₹14.76 crore, along with an equal penalty amount, from the Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh. The order, received on August 19, 2025, pertains to the financial year 2020-21 and alleges short payment of tax collected at source and output tax.

Details of the GST Demand

The GST demand order breaks down as follows:

Additionally, interest will be applicable on the GST amount as per the relevant provisions.

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 does not expect any financial impact from this matter, indicating confidence in its position.

Regulatory Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Eternal Limited has made a formal disclosure to the stock exchanges.

About Eternal Limited

Eternal Limited, previously operating as Zomato Limited, is headquartered at Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India. The company's CIN is L93030DL2010PLC198141.

While this GST demand presents a regulatory challenge for Eternal Limited, the company's stance suggests it is prepared to contest the order. Investors and stakeholders will likely be watching closely as the appeal process unfolds, given the significant amount involved in the demand and penalty.

Eternal , the popular food delivery platform, witnessed a significant block trade on the National Stock Exchange (NSE) involving approximately 2,009,860 shares. The transaction, valued at Rs. 63.44 crores, took place at a price of Rs. 315.65 per share.

Block Deal Details

The block deal, which represents a substantial transaction in Eternal's stock, has caught the attention of market observers. Here's a breakdown of the key details:

Market Implications

Block deals of this magnitude often indicate significant interest from institutional investors or large shareholders. Such transactions can sometimes impact market sentiment and trading patterns for the stock in question.

About Eternal

Eternal is a leading player in India's food delivery and restaurant discovery space. The company has been in the spotlight since its high-profile initial public offering (IPO) in 2021, and its stock performance continues to be closely monitored by investors and analysts alike.

While the details of the parties involved in this block deal have not been disclosed, such transactions often prompt market participants to keep a close eye on potential changes in the company's shareholding pattern or institutional interest.

Investors and market analysts will likely be watching Eternal's stock performance in the coming days to gauge any potential impact of this significant block trade on the company's market dynamics.