Interim report
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ETERNAL LIMITED (Formerly known as Zomato Limited) Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373 Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Listing Department National Stock Exchange of India Limited C-1, G-Block, Bandra - Kurla Complex Bandra (E), Mumbai – 400 051 Scrip Code: 543320, Scrip Symbol: ETERNAL ISIN: INE758T01015 Sub.: Outcome of the Board Meeting held on October 21, 2026 Dear Sir/ Ma’am, Pursuant to Regulation 30, 33 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read with circulars issued by SEBI (“SEBI Circular”), we wish to inform you that the board of directors of Eternal Limited (formerly known as Zomato Limited) (“Board” and “Company”, respectively) at its meeting held today i.e. October 21, 2026, inter alia, has considered and approved: 1. Unaudited financial results (standalone and consolidated) for the quarter and half year ended on September 30, 2026 (“Financial Results”). Further, the said results have been subjected to limited review by M/s Deloitte Haskins & Sells, statutory auditors of the Company. A copy of Financial Results, along with the limited review report issued by the statutory auditors, are enclosed. 2. Business Transfer Agreement (“BTA”) between the Company and Zomato Entertainment Private Limited (“ZEPL”), a wholly owned subsidiary of the Company, to transfer the Going-out India business housed in the Company, along with its respective assets and liabilities (collectively referred to as “Identified Business”) to ZEPL, by way of slump sale, on a going concern basis. The details as required under the Listing Regulations read with SEBI Circular is enclosed as Annexure – A. Subsequently, the Going-out India business housed in two other wholly owned subsidiaries of the Company - Orbgen Technologies Private Limited (“OTPL”) and Wasteland Entertainment Private Limited (“WEPL”), will also be consolidated into ZEPL. In order to enable this, the board of directors of ZEPL, OTPL and WEPL, have also granted in-principle approval at their respective board meetings held on October 21, 2026, to evaluate the means and manner of implementing the aforesaid business consolidation. The BTA and aforesaid consolidation is being undertaken as part of an overall internal restructuring exercise to consolidate the Going-out India business operating across various group entities, in a single wholly owned subsidiary - ZEPL to streamline the group’s corporate structure and achieve operational synergies. 3. Sale of 11,214 (Eleven thousand two hundred fourteen) Series B compulsorily convertible preference shares and 10 (Ten) equity shares in Adonmo Private Limited (“Adonmo”) to Vivish Technologies Private Limited (“Mygate”) and acquisition of 1,84,091 (One lakh eighty four thousand ninety one) Series C1 compulsorily convertible preference shares and 164 (One hundred sixty four) equity shares in Mygate.
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ETERNAL LIMITED (Formerly known as Zomato Limited) Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373 The sale and acquisition of shares mentioned above is part of a single transaction (“Transaction”) wherein the Company will transfer all of its shares in Adonmo to Mygate in lieu of Mygate shares as consideration. The Transaction is a step towards a merger proposed to be executed by Adonmo and Mygate (“Proposed Merger”). Post completion of the Proposed Merger, all other shareholders of Adonmo will become shareholders of the merged Mygate entity and Adonmo will cease to exist as a separate entity. The Company will eventually own ~ 4.4% equity stake on a fully diluted basis in the merged Mygate entity. This stake is currently valued at INR 156 crore. The Company had invested INR 112 crore in Adonmo in January 2022. Adonmo is one of India’s leading ambient digital advertising platforms, operating a cloud- connected network of screens across residential communities. Mygate is a technology platform focused on improving the living experience within residential gated communities by offering visitor management, security, accounting, and community engagement for residents. The Transaction is subject to execution of definitive agreements, fulfilment of certain customary closing conditions precedent and other terms and conditions under the transaction documents. The details as required in respect of sale and acquisition of shares, under the Listing Regulations read with SEBI Circular are enclosed as Annexure – B1 and Annexure - B2 respectively. The meeting of the Board commenced at 1:00 P.M. and concluded at 3:10 P.M. The above information will also be hosted on the website of the Company i.e.www.eternal.com. For Eternal Limited (Formerly known as Zomato Limited) Sandhya Sethia Company Secretary & Compliance Officer Date: October 21, 2026
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ETERNAL LIMITED (Formerly known as Zomato Limited) Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373 Annexure - A Sr No. Particulars Details 1. The amount and percentage of the turnover or revenue or income and net worth contributed by such business unit or division or subsidiary or associate company of the listed entity during the last financial year Revenue of the Identified Business for FY 2025- 26 is INR 587 crore representing 5.39% of the revenue of the Company on a standalone basis. Net worth of the Identified Business as on 31 March 2026, is INR 8 crore representing 0.02% of the net worth of the Company on a standalone basis. 2. Date on which the agreement for sale has been entered into October 21, 2026. 3. The expected date of completion of sale/disposal Within 30 days of the execution date of the BTA. 4. Consideration received from such sale/ disposal (In case of cash consideration – amount or otherwise share exchange ratio) Cash consideration of an amount of ~INR 130,75,56,871/- (Indian rupees one hundred thirty crore seventy five lakh fifty six thousand eight hundred and seventy one only), will be paid by ZEPL to the Company, subject to the adjustments as agreed under the BTA. 5. Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/ group companies. If yes, details thereof ZEPL, wholly owned subsidiary of the Company. The Company is professionally managed and does not have an identifiable promoter. 6. Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length” Yes. The transaction is between parent and wholly-owned subsidiary. Hence, the transaction falls within related party transactions. Yes. The transaction shall be undertaken at the value determined as per Rule 53 of the Income- tax Rules, 2026. The proposed transfer is being undertaken as part of an internal group restructuring, pursuant to which there will be no change in the ultimate beneficial ownership or control of the transferred business, and the entire economic interest therein shall continue to vest with the holding company, and hence would be at arm’s length. 7. Whether the sale, lease or disposal of the undertaking is outside the scheme of arrangement? If yes, details of the same including compliance with regulation 37A of Listing Regulations The proposed transaction pertains to transfer of the Identified Business by way of slump sale on a going concern basis to ZEPL. Hence, this regulation is not applicable. 8. Area of business of the entity(ies) Company - E-commerce platform enabling food discovery, ordering and delivery. ZEPL - Business of organizing events and ancillary services.
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ETERNAL LIMITED (Formerly known as Zomato Limited) Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373 9. Rationale for amalgamation/ merger slump sale The proposed transfer is part of an internal restructuring exercise to streamline our corporate structure. 10. Brief details of change in shareholding pattern (if any) of all entities Nil
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ETERNAL LIMITED (Formerly known as Zomato Limited) Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373 Annexure - B1 Sr No. Particulars Details 1. Name of the target entity, details in brief such as size, turnover etc. Vivish Technologies Private Limited (“Mygate”) Authorized Share Capital: INR 23,35,17,800 Paid-up Share Capital: INR 23,22,44,670 Turnover as at March 31, 2026 (Audited): INR 229 crore 2. Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” The Company is professionally managed with no promoter / promoter group. This Transaction does not fall under related party transactions with Company / group companies. 3. Industry to which the entity being acquired belongs Gated community management technology. 4. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity Shares in Mygate are being received by the Company as consideration for the sale of the Company’s Adonmo shares as a step towards the Proposed Merger. 5. Brief details of any governmental or regulatory approvals required for the acquisition Not Applicable. 6. Indicative time period for completion of the acquisition On or before 5-Dec-26. 7. Consideration - whether cash consideration or share swap or any other form and details of the same Share swap: Acquisition of 1,84,091 Series C1 compulsorily convertible preference shares and 164 equity shares of Mygate in exchange of 11,214 Series B compulsorily convertible preference shares and 10 equity shares held by the Company in Adonmo. 8. Cost of acquisition and/ or the price at which the shares are acquired Acquisition of 1,84,091 Series C1 compulsorily convertible preference shares and 164 equity shares of Mygate, valued at approximately INR 156 crore, in exchange for 11,214 Series B compulsorily convertible preference shares and 10 equity shares held by the Company in Adonmo. 9. Percentage of shareholding / control acquired and / or number of shares acquire Percentage of shareholding on a fully diluted basis: Post completion of Transaction: 5.4% Post completion of Proposed Merger: 4.4% Number of shares acquired: 1,84,091 Series C1 compulsorily convertible preference shares and 164 equity shares 10. Brief background about the entity acquired in terms of products/line of business acquired, date of Mygate was incorporated on January 12, 2016 in India and operates a technology platform focused on gated communities and residential
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ETERNAL LIMITED (Formerly known as Zomato Limited) Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373 incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) ecosystems. The company develops technology solutions to enhance the security and management of gated communities and offers other ancillary services. Turnover in the last three years: FY25-26 turnover: INR 229 crore FY24-25 turnover: INR 171 crore FY23-24 turnover: INR 96 crore
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ETERNAL LIMITED (Formerly known as Zomato Limited) Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373 Annexure – B2 Sr No. Particulars Details 1. The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year Not applicable. 2. Date on which the agreement for sale has been entered into On or before 31-Oct-26. 3. The expected date of completion of sale/disposal On or before 5-Dec-26. 4. Consideration received from such sale/ disposal (In case of cash consideration – amount or otherwise share exchange ratio) Non-cash consideration. Acquisition of 1,84,091 Series C1 compulsorily convertible preference shares and 164 equity shares of Mygate in exchange of 11,214 Series B compulsorily convertible preference shares and 10 equity shares held by the Company in Adonmo through a share swap. 5. Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof Mygate operates a technology platform focused on gated communities and residential ecosystems. The company develops technology solutions to enhance the security and management of gated communities and offers other ancillary services. None of the buyers belong to promoter / promoter group/ group companies. 6. Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length” No. 7. Whether the sale, lease or disposal of the undertaking is outside the scheme of arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations Not applicable.
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Deloitte Haskins & Sells Chartered Accountants 7th Floor Building 10 Tower B DLF Cyber City Complex DLF City Phase II Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF ETERNAL LIMITED (FORMERLY KNOWN AS ZOMATO LIMITED) 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of ETERNAL LIMITED (FORMERLY KNOWN AS ZOMATO LIMITED) ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") which includes Foodie Bay Employees ESOP Trust ("trust") for the quarter and six months ended September 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirem ents (LODR) Regulations, 2015, as amended ("the LODR Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognit ion and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Report ing" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting princip les generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our respo nsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of I nterim Financial Information Performed by the Independent Auditor of the Entity ", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquirie s, primarily of Parent's personnel respons ible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143( 10) of the Companies Act, 2013 and consequent ly does not enab le us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (List ing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the exten t app licab le. 4. The Statement includes the results of the following entities as mentioned in Annexure 1. 5. Based on our rev iew conducted and procedures performed as stated in paragraph 3 abov e, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement princip les laid down in the aforesaid Indian Accounting Standard and other accou nting principles genera lly accepted in India, has not
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Deloitte Haskins & Sells disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We draw attention to Note 5 to the consol idated unaudited financial results relating to the orders received by the Company from GST author iti es in respect of GST on delivery charges. The Company, supported by the external expert's advice, is of the view that, it has a strong case on merits . Given the uncertainty involved, the ultimate outcome will be ascertained on the disposa l of the above matter. Our conclusion on the Statement is not modified in respect of this matter. 7. The conso lidated unaudited financial results include the financial information of 17 subsidiaries and 1 trust which have not been reviewed by their auditors, whose financial results reflect total assets of Rs. 2,757 crores as at September 30, 2026, tota l revenue of Rs. 248 crores and of Rs 463 crores for the quarter and six months ended September 30, 2026, respect ively, tota l loss after tax of Rs 132 crores and of Rs 227 crores for the quarter and six months ended September 30, 2026, respectively and Other comprehensive income of Rs 1 crores and of Rs 2 crores for the quarter and six months ended September 30, 2026, respect ively and net cash inflows of Rs 70 crores for the six months ended September 30, 2026, as considered in the Statement. This financial information is unaudited and have been furn ished to us by the Management and our conclus ion on the consolidated financial results in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and t rust is based solely on such unaudited financia l information. According to the information and explanations given to us by the Management, this financial information is not material to the Group. Our Conclusion on the Statement is not modified in respect of our reliance on the interim financial information cert ified by th e Management . Place: Gurugram Date : October 21, 2026 For Deloitte Haskins & Sells Chartered Accountants (Firm's Registration No. 015125N) JrK~ ~ .. Vil<as Khurana Partner (Membership No. 503760) UDIN:2..6 5 CJ 3 7(,O&J Kz L-\(~9~ 5 \
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Deloitte Haskins & Sells Annexure 1 S. No. Name of the Entity 1 Eternal Limited (Formerly Known as Zomato Limited) 2 Zomato Midd le East FZ- LLC 3 TongueStun Food Network Private Limited 4 Zomato Philippines Inc. 5 Zomato Enterta inm ent Private Limited 6 Gastronauci SP Z.O.O. 7 Zomato Local Services Private Limited 8 Zomato Inc. 9 Delivery 21 Inc. 10 Zomato Ireland Limited 11 Zomato Foods Private Limited 12 Carthero Technologies Private Limited 13 Zomato Payment Privat e Limited 14 Eternal Technology Solut ions Limited (former ly known as Zomato Financial Services Limited) 15 Blink Commerce Private Limited 16 Zomato Hyperpure Private Li mited 17 Orbgen Technologies Private Limited 18 Waste land Entertainment Private Limited 19 Blinkit Foods Limited 20 Eternal General Service Foundation 21 Foodie Bay Employees ESOP Trust Relationship Parent Subsidiary Subsidiary Subs idiary Subsidiary Subsid iary Subs idiary Subsidiary Subsid iary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subs idiary Subs idiary Subsid iary Subsidiary Subsidiary Subsid iary (w.e.f. December 18 2025) Trust
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Eterna l Limited (Formerly known as Zomato Limited) CIN: L93 030OL 20J0PL C J9814I Registered office- Ground Floor, 12A, 94 Meghdoot, Nelu·u Place, New Delhi- 110019, Delhi. India Telephone- 0 I I ""405923 73. Email- companysecretary@etcnial.com, \\'eb sirc- W\V\V.ctemal.com Statement of consolida ted unaudited financial results for the quarter a nd half-year endtd Septemb er 30, 2026 Quarter ended Half year tnded s. Septem ber 30, June 30, SeJltem ber-30 , Sept em l>er 30, September 30, Particular s 2026 2026 2025 2026 2025 No. Unaudited Unaudited Unaudit ed Unamlited Una udited I Revenue from operations 24,138 20,21 1 13,590 44,349 20,757 11 Other iucome 35 1 375 352 726 706 JU Tot:il income (1+11) 24 489 20 586 13 942 45 075 21 463 TV Expenses Cost of materials con!twncd 60 47 . 107 - Purchases of stock-in-trade 15.746 12,860 8,795 28,606 11,352 Chan)'.?,es in inventories ort-inished goods. stock-in-trade and work-in-progress ( 1,204) (876) (1.053) (2,080) (1,326) Employee benefils expense 1,146 1.068 865 2,2 14 1.695 Finance costs 155 151 86 306 153 Depreeiation and amortisation expenses 625 546 376 1,171 690 01hcr expenses Ad\·ertJsement and sales promotion 1, 138 945 806 2,083 1,477 Delivery and related charges 3.581 3, 150 2,213 6,73 1 4,082 Others 2 9 19 2.423 1.725 S.342 3.123 TotaJ cxpcnst-5 24,166 20,314 138 13 44480 21 246 V Profit befo,·c exceptio nal items a nd tax (ITI-rv) 323 272 129 595 217 VI ExceptJonal item~ . . . VII Prnfit before tax (V-Vl) 323 272 129 595 217 VIII Tax ex1>ense: Current tax 175 157 80 332 159 Dele1Ted 1ax ,, _, 23 ( 16) 46 (32) IX Profit for tt1c 1ieriod / y,a r (VTI-VTIT) 125 92 65 2 17 90 X O th~r couw rehcn sive income / (loss) (3) ll ems 1hat will 001 be recla ssified to profit or loss; (iJ Remeasurements of the defined benefit plans I I I 2 I (ii) Equity instrumen1s through orher comprehensive in~ome (323) (70) (30) (393) (33) (iii) Jncome tax rdati .ng to above items (0) 0 5 (0) 5 (b) Items lb;at wiU be rech1ssificd lo 11rofit or loss: (i) Exchai.1gc diffe rences on translation offoreiVJ,t operations 2 I 4 3 5 (ii) Debt instrument~ thr,:mi,?;h other comprehens1\'e income ( 154) 84 (33) (70) 67 (iii) Income tax rcla1ing to abo\·e items 38 (21) 8 17 (17) Total other comp rehensive incom e/ (loss) for the period / year 1436\ 15\ 145\ 1441\ 28 XI Totul com11rehensive income / (loss) for the 1>eriod / vear (IX+X) /31 1 87 20 1224) 118 XII Profit for the period / year attri butnble lo: Owners of lht: Parent 125 92 65 2 17 90 Non-controlling interests . - - - XIII O ther comprehen sive income / (loss) for the period / year attributabl e 10: 0 Mters of the Parent - (436) (5) (45) (441) 28 Non-controlling interests 0 tO) (0) 0 (0) XIV Total comprehensive income / (loss) for the period/ year :audburnble to: Owners of rh~ Parent (3 11) 87 20 (224) I 18 Non-controlling imerests 0 (0) (0) 0 (0) xv Paid-up sh1tre c:.1pital (fatcc vaJue of INR 1 per share) 921 921 910 92 1 9IO XV I Other equi ty xvu Earnings 1ier equit)• share (INR) 1 (face rnlue of INR I each) (a) Basic 0. 14 0.1 0 O.Q7 0.24 0.10 (b) Diluted 0.13 0.10 O.o? 0.23 0.10 1 El\\' ix 1101 amwa/,sed fur the quarler and lwlf year ,mdl!d 5,'tptember 30. 2026. quarl er l!.11ded .!uni! 30. 2026 und q11arfcr unJ half.war ended S1tplember 30, 2025. llNR crore\ Year ended March 31, 2026 Audited 54,364 I 396 55 760 54 32, 115 (2.002) 3,536 392 1,597 3,350 9,065 7,038 55 145 615 . 615 319 (70) 366 (3) (515) 34 19 (90) 23 1532\ fl66) 366 - (532) (0) (166) (0) 9 19 30,06 1 0.40 0.39
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Eternal Limited (Formerlv known as Zomato Limited\ Consolidated Balance Sheet Particular s Assets Non-current assets Propeny, plam and equipment Capital work-in-progress Right-ol~use assets Goodwill Other intangible asset~ Financial assets Investments Other financial assets Tax assets (net) Deferred tax assets ( net) Other non-current assets Tota l non-current assets Cunent assets Inventories Financial assets Investments Trade receivables Cash and cash equivalents Bank balances other than cash and cash equivalents Other financial assets Other current assets Tota l current assets Tota I asse ts F.quity and liabiliti es Equity Equity share capital Other equity Equity attr ibutable to owners of the Parent Non-controlling interests Total equity Liabilities Non-current liab ilities Financial liabilities Lease liabilities Provisions Deferred tax liabilities (net) Total non-current liabiliti es Current liabilities Financial liabilities Lease liabilities Trade payables a. total outstanding dues of micro enterprises and small enterprises b. total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total current liabilities Total liabilities Total equity and liabilities As at September 30, 2026 Unaudited 3,040 296 5,360 5,737 472 12,071 1,218 198 - 625 29,017 4,26'.! 2,59 1 2,007 467 80 4,131 2 554 16 092 45 109 921 30 354 31,275 (7\ 31 ,268 4,860 181 118 5,159 897 1,096 4,776 701 889 47 276 8,682 13 841 45 109 /INR crorc\ As at March 31, 2026 Audited 2,033 136 4,294 5,737 611 9,742 1.606 202 14 661 25,036 2,181 5,091 1,764 996 527 3.537 1.604 IS,700 40,736 919 30,061 30,980 (7' 30,973 3,833 156 102 4,091 759 232 2,778 1,105 744 39 15 5,672 9,763 40 736
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Eternal .Limited <Formcrlv known as Zomalo Limited) Consolidated Statement of Cash Flows Particular s A) Cash flows from operating activities Profit before lax Adjus1111en1s to reconcile profit before tax to net cash flows: Interest income on bank deposits and others Interest income oD government securities Amortisation of premium / (discount) on government securities Interest income OD debentures or bonds Amortisation of premium / (discount) on debentures or bonds Interest income on income tax refund Net gain on mutual fund units Net gain on sale of government securities Liabilities written back (Profit) / loss on sale of property. plant and equipment (net) / assets written off Gain on termination of lease contracts Inventories write-down (net) Share-based payment expense Interest expense on lease liabilities Interest expense others Depreciation on property, plant and equipment and deprecia tion on right-of~use assets Amortisation on intangible assetS Impairment of financial and non financial assets (net) Financial and non financial assets written off Other non-cash jtems Operating profit before working capital changes Movements in working capital : Trade rece ivables Other financial assets Other assets Inventories Other financial liabilities and other liabilities Provisions Trade payables Cash generated from / (used in) operations Income taxes (paid) / refund (net) Net cnsh generated from / (used in) opernting activities (A) B) Cash now s from in,•esting activities Purchase of property, plant and equipment and other intangible assets (including capital work-in-progress, capital advances and capital creditors) Proceeds from sale of property, plant and equipment Investment in bank and other deposits (having original maturity of more than 3 months) Proceeds from redemption / maturity of bank and other deposits (having original maturity of more than 3 months) Investment in mutual fund units Proceeds from redemption of mutual fund units Investmen t in government securities Proceeds from sale / maturity of government securities Investment in debentures or bonds Proceeds from redemption of debentures or bonds Interest received Net cash generated from / (used in) investing acti,•itics (B) C) Cash now s from financing activities Amount collected by ESOP trust on exercise of employee stock options Payment of principal portion oflease liabilities Paymen t of interest portion oflease liabilities Other interest paid Net cash generated from / (used in) financin g activitie s (C) Net increase / (decrease) in cash and cash equivalents (A+B+C) Net foreign exchange difference Cash and cash equivalents as at the beginning of the period Cas h and cash cauival cnts as al the end of the ocriod (IN R crore) Halt~vear end ed Se11tember 30, 2026 Unaudit ed 595 ( 150) (48) (58) (328) 2 (22) (78 ) (2) ( I) (31) (3) 517 281 19 1,026 145 93 (2 1,955 (265 ) ( 1,01 I) (908) (2.078) (26 7) 35 2 861 322 (44) 278 (1,656) 4 (380) 1,573 (26,450) 28,48 1 (178) (3,152) 1,095 5 13 (150) 2 (361) (281) (19) (659) (531) 2 996 467 Septemb er 30, 2025 Unaudited 217 (270) (65) (48) (227) (0) (0) (75) (2) (4) (I) (6) 18 384 147 4 528 162 73 7 842 438 (35) (396) ( 1.344 ) 93 22 629 249 (21 l) 38 (788) I (953) 2,830 (21,265) 20,697 (151) 155 (1.048) 185 406 69 2 ( 195) (147) (4\ (344) (237) 2 666 431
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Etci·nal Lim ited (Form erlv known as Zomato Limited ) Notes to the coosolJdatcd unaudited financial results The statement of consolidated unauditc:d financial nsults of Eternal Limited (Formerly known as Zomato Limited) ("the Company''f'the Parent") and its subsidiaries (together referred to as "the Group") for tlu: quarter and half year ended Sept.ember 30, 2026 {''Financial Results") havt: been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on Oc[ober 21, 2026. 2 The Financial Results have been prepared in accordance with the recognition and measurement principles laid down in the lndiM Accounting Standard 34 ·'Interim Financial Repo1ting .. l"lnd AS 34"), prescribed under Section 133 of the Companies Act, 20 13 read with relevant rules issued thereunder and other accounting princiµles generally accepted in Tndia and in c.ompliance \\.ith Regulation 33 of the Sccwities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Reguh1.tions, 2015, as amended ("LODR Regulations") Consolida ted segment information Operating segments arc defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (''CODM"), in deciding how to allocate resources and assessing perfonn.uu.:e, Effective February 1, 2026, the Group's CODM is the Chief Executive Officer of the Company (earlier Managing Director and Chief ExecutiYe Oflicer). The change in CODM did not result in any change in the identification of operating segments or the measurement of segment infonnation. The segments for the Group are as follows: 1. India food ordering and deli..,cry 2. Hyperpure supplies (8 28 business) 3. Quick conunerce 4. Going out 5. All other segments (Residual) India food ordering a11d delive1y compiises of on line marketplace platfotm through which the Group faciliiates listing and on line ordering of food items and delive1y of these food items by co1u1ecting end users., restaurant paitners and independent delivery partners. Hyperpure supplies (B2B business) is our farm-to-fork supplies offering for restauraurs in India and sale ofitems to businesses for onward sales. Quick commerce comprises of online platform named Blinkit ("Platform'') that enables listing and sale of items directly by the Group or by third-party sellers. End users are able to place orders of these listed items on the Platform which are delivered to their doorsteps within 111inutes Quick ~onunerce also include~ prnvis.iou of adve11isement, warehousing and ancillary services. Going-out is a combination of our dining-out and entenainment ticketing business. Customers / end users use our dining-out offering to search and discover restaurants, reserve tables, avail offers and make payments wllile dining-out at restaw-ants. [n our entertaimncm ticketing business, we offer 1icketing sen ices to cus1omers for movies, sports and events (including our own events) and one , services like event production, management etc. to other event panners/ participants. The Group has combined and disclosed balancing number in " All other segments" which are not reportable. Revenue and e,,pcnses directly attributable to seg.mencs are reported under each reportable segment. E"--penses which are 11or directly attribmable to any reporting segment have been allocated to respective segments l,ased on the number of orders, revenue, number of employees or g,i-oss/net order value as rnviewed by CODivl. Summarised segment infonnation is as follows: /TNR <rorel Quarter end ed 1-l•lf year ended Year ended Stpt embtr 30, June 30, September 30, Sepum ber 30, September 30, March 31, Parti cular s 2026 2026 2025 2026 2025 2026 Unaudited Unaudit ed Unaudit ed Unaudit ed Unaudited Audited R evenue from opernlioru (ex1e1nal customers) lndia food orde-ring and delive1y 3,396 3, 100 2.485 6,496 4,746 10,159 Hyperpure supplies (B28 business) 1.154 1.034 1.023 2,188 3,3 18 5.366 Quick commerce 19.152 15.664 9.89 1 34.8 16 12,29 1 37.779 Going Oul 304 318 189 622 396 973 All other sef!ments (Residual) 132 95 2 227 6 87 Total 24. 138 20 211 13 590 44.3-19 20.757 5436 4 Re,,enue from operations (inter-segment) lndia food orderini and deli very 21 20 II 4 1 20 46 Hyperpure supplies (B2B busi11ess) 65 58 9 123 16 78 Quick commerce 3 2 I 5 10 13 Going Out - - - - All otl1er se111ne.nts /Residual) 16 14 10 30 23 49 Total ,os 94 JI 199 69 186 Segment results 1 ndia food ordering and delivc1y 647 621 518 1.268 983 2.079 Hyperpure snpplies (828 business) 19 14 I 33 (4) 16 Quick COllID.ll!rCe 488 365 5 853 (37) 430 GoingOu l (55) (61) (57) (116) (105) (292) All other seemenlS (Residual) 185) 190 154) I I 75\ /99) 12061 Sr2me.nt results 1,014 849 413 1,863 738 2,027 Add: other income 351 375 352 726 706 1,396 Less: share based payment expense 262 255 174 5 17 384 819 Less: finance costs 155 151 86 306 153 392 Less: depreciation and amor1isation expense 625 546 376 1,17 1 690 1,597 Add: cxceotional items - - Profit btfo•·• tax "' 272 129 ,;9,; 217 615 During the quarter ended June 30. 2025, the Group had started transitioning from its marketplace model to a combination of marketplace and invento1y-led model in its quic k commerce segment. Owing to this change, tlte revenue under quick commerce segment now includes amount on accomll of direct sales to customers on the Blink.it platform and not just the marketplace commission on such sales and hence a reduction in sales of'Hyperpure supplies {B28 business). The Company is in receipt oflhe following Show Cause Notices ("SCNs") and Demand Orders ("Orders") from ,·arious GST authorities : a. Orders for October 20 19 to March 2022 for all lhe Slates for INR 420 crore b. Orders for April 2022 to March 2024 for Andhra Pradesh for INR 14 crore c. SCNs for April 2022 10 March 2023 for multiple states tor TNR I 19 crore. There are no SCNs or Orders on this matter other than those mentioned here. The SCNs and Orders require the Company to pay GST on the delivery charges collec1ed by the Company from the end users on behalf of the delivery panucrs., along with additional interest and penalties as per GST provisions. The Company is contesting the Orders/ SCNs at appropriate forums. The Company, suppo11ed by the e,._1ernal independent expen 's advice, is of the \ iew that it has a strong case on merits. W.c.f. September 22. 2025, the Goverruuent has included local deli..,ery services provided through Electronic Commerce Operators (''ECOs") by unregis1ered service providers u/s 9(5) ofCGST Act, 20 17. Pursuan110 change in law being etfoctive, 1he Company is paying GST on delivery charges collected from the customers on behalf of w1.registered delive1y panne-rs.
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6 The Go, enmienl of lndia1 with dfoct from November 2 I, 2025, uotifit!d the Codi! on Social St!curity, 2020; the Occupational Safety. Health and Working Conditions Code. 2020; the ln<lustrial Relations Code, 2020: and the Code on Wages, 2019 (collcctivd y, the ·'Labour Codes") , with the conesponding mies notified on May 08, 2026. The Labour Codes replace the existing central labour legislations. Cenai n pro, isions of the Labow· Codes are yet to be notified; based on the Group's assessment, the provisions currently in force do not have a material impact on the financial results of the Group. Similar!) , various State Go,,emments ha,c also notified their own legislations pertaining 10 £,ig and platform work; htJwc,•er. 1hc notification of the rules in respect of such state legislations remain pending, except for the State of Karnataka, where the niles have been notified on November 19, 2025. The Group is cu1Tently contesting the validity of Lhe Kamarnka state legislation (The Karnataka Platform Based Gig Workers (Social Security and Welfare) Act, 2025) before the appropriate forum. The opcrationalised state legislations as of September 30, 2026 (i.e., of Karnataka). does not have a mmcrial impact on the financial results of the Group. The financial impact, if any, of the remaining provisions will be assessed upon 11otification of the relevant rules and regulations. Date : October 21, 2026 Plac e: New Delbj For a nd on behH Eternal Limited Kaushik Dutta -_ ./. C hai.rm:rn uud lodepende r irect or (DIN-03328890)
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Deloitte Haskins & Sells Chartered Accountants 7th Floor Building 10 Tower B DLF Cyber City Complex DLF City Phase II Gurugram-122 002 Haryana , India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF ETERNAL LIMITED (FORMERLY KNOWN AS ZOMATO LIMITED) 1. We hav e review ed the accompanying Statement of Standalone Unaudited Financial Results of ETERNAL LIMITED (FORMERLY KNOWN AS ZOMATO LIMITED) ("the Company"), which includes Foodie Bay Employees ESOP Trust ("trust") for the quarter and six months ended September 30, 2026 ("the Statement"), being submitted by t he Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclos ure Requirements (LODR) Regulations, 2015, as amended ("the LODR Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Account ing Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued the re under and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations . Our responsibil ity is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the I ndependent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI) . A review of interim financial information consists of making inquiries, primarily of the Company's personne l responsible for financial and accounting matters, and applying analytica l and other review procedures. A review is substantially less in scope than an audit conducted in accorda nce with Standards on Auditing specified under section 143(10) of the Compan ies Act, 2013 and consequently doe s not enab le us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. According ly, we do not express an audit opin ion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstat ement. 5. We draw attention to Note 5 to the Standalone unaudited financial results relating to the orders received by the Company from GST authorities in respect of GST on delivery charges. The Company, supported by the external expert's advice, is of the view that, it has a strong case on merits. Given the uncerta inty involved, the ultimate outcom e will be ascertained on th e disposa l of the above matter. Our concl usion on th e Statement is not modifi ed in respect of this matter.
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Deloitte Haskins & Sells 6 . We did not review the financia l information of 1 trust included in the Statement whose financial information reflects total assets of Rs 35 crores as at September 30, 2026, total revenue of Rs. Nil and Rs Nil for the quarter and six months ended September 30, 2026, net profit after tax of Rs. 1 crore and Rs 2 crore for the quarter and six months ended September 30, 2026, and Other comprehensive income of Rs. Nil and Rs. Nil for the quarter and six months ended September 30, 2026, and net cash outflows of Rs. Nil for the six months ended September 30, 2026, as considered in this Statement. The financial information of the trust is unaudited and have been furnished to us by the Management and our conc lu sion on the standalone financial results in so far as it relates to the amounts included in respect of the trust is based solely on such unaudited financia l informat ion. According to the information and explanations given to us by the Management, this financial information is not material to the Company . Our conclusion on the Statement is not modified in respect of our reliance on the financial information certified by the Management. Place: Gurugram Date: October 21, 2026 For Deloitte Haskins & Sells Chartered Accountants (Firm's Registration No. 015125N) j~K~ Vikas Khurana (Partner) (Membership No. 503760) UDIN: 2.65 D~ 1 f, DIV\ E( M'T1V\7C~y
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Eternal Lim ited (For merly known as Zomato Limited) ClN: L9JOJODL20JOJ'LC198141 Registe red offict>- Ground Floor, 12A, 94 Mcghdoot, Nehru Place, New Delhi- I 10019, Delhi, India T elephone· 011-40592373 , Ema il- compa11ysecreta1y@ete111al.com, \Vebs ite- w,vw.eternal.com Statem ent of st.1nd:dunc unaudit ed finan cial resu lts for the quar ter and half-yea r ended September 30, 2026 Quarter ended Half year ended Sept em her JO, June 30, Se1>1em ber JO, Sep tember 30, Sept em her 30, S,No , Par liculars 2026 2026 2025 2026 2025 Unaudited Unaudi ted Unaudited Unaudit ed Unaudit ed I Re,•enue from operations 3,663 3.349 2,650 7,012 5.063 11 Other income 635 602 436 1.237 841 Ill Total incom e (I+ TT) 4 298 3 951 3 086 8,249 S 9U4 IV Expenses Employee benefits expen.1,e 485 507 352 992 703 Finance costs 14 20 6 34 12 Depreciation and amortisation expenses 61 60 49 121 9 1 Other expenses Advertisement and sales promotion 862 696 464 1.558 887 Delivery and related charges 1.527 1.477 1,128 3,004 2. 170 Others 494 411 316 905 589 Total expenses 3,443 3,171 2,315 6,614 4,452 V Profit before exceptiona l items and tax (TII•JV) 855 780 771 1,635 I 452 VI Exceptional items - - VTI Profit bcfol'e tn (V-VT) 855 780 771 1,635 l 452 VIII Ta\: ex11ense: Current tax 176 156 80 332 159 Deferred tax 38 39 - 77 LX l'rofit for the peri od I year (Vll-\'lll) 641 585 691 1,226 1,293 X Other comprehensive income/ (loss) (a) Items tha t will not be reclassified to urofit or loss: (i) Remeasuremen ts of the defined benefit plans 2 (0) I 2 I (ii) EQujty instmments through otl1cr comprdiensi, ·c income (323) (70) (30) (393) (33) {iii) lncome tax relatll1;z to above itc::ms (0) 0 5 (0) 5 (b) Items tha t will be reclassified ro profit or loss: (i) ExchanAe differences on translation of forei,1..rn operations I 0 2 1 2 (ii) Debt instruments throuRh other comprehensive income (154) 84 (33) (70) 67 (iii ) Income ta,x rclatin~ to above items 38 (2 1) 8 17 (17) Tota l other compre hensiYe income / (loss) for the period / year (436 (7) (47) (443) 25 XI Total comnrehensive income for the ne.-iod / )'·ear (TX+X) 205 578 644 783 I 318 XII Paid-u p share caJJital (face valu e or ll\~ 1 per share) 92 1 921 910 92 1 910 Xlll Other equi t}' XIV Earnin l!S pet' equi tr shar e (INR) 1 (face value of INR I each) (a) Basic 0.70 0.64 0.76 1.33 1.42 (b) Diluted 0.68 0.62 0.74 1.31 1.38 1 FPS is not annua/J'iedfor rh£• qr1ar1er and hal{year ended Septcmhcr 3(), 2020, quarter tnded Jmu· 30, 2026 and q11aner and ha~fyear ended September 30, 2015. (INR crorc) Year ended Mar ch 31, 2026 Aullited 10,899 1 803 12 702 1,466 34 202 2,064 4.658 1.312 9,736 2 966 - 2 966 3 18 (7) 2,655 0 (5 15) 34 5 (90) 23 (S43) 2 I 12 9 19 36.137 2.9 1 2.86
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Eternal Limited (Fo rmerly known as Zomato Limited) Standal one Bala nce Sheet Particulars Assets Non-current assets Property, plant and equipment Capital work-in-progress Right-ot~use assets Goodwill Other intangible assets Financial assets Investments Loans Other financial assets Tax assets (net) Deferred tax assets (net) Ocher non-current assets Total non-current assets Current assets Financial assets Investments Trade receivables Cash and ca, h equivalents Bank balances other than cash and ca,h equivalents Loans Other financial assets Other current assets Tota l current assets Total assets Equity and liabilities Equit)' Equity share capital Other equity Total equity Liab ilities Non-current liabilities Financial liabilities Lease liabilities Provisions Deferred tax liabilities ( net) Total non-current liabilities Current liabilities Financial liabilities Lease liabilities Trade payables a. total outstanding dues of micro enterprises and small enterprises b. total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total current liabilities Total liabilities Total equitv and liabilities (INR crore) As at As at Sept em bcr 30, March 31 , 2026 202<, Unaudited Audited 149 113 - I 369 388 1,209 1,209 9 17 27, 167 24,653 1,700 , .~29 96 1 1,376 18 21 - 14 163 158 31,745 29,179 2,248 3,335 186 142 255 706 44 448 2,046 - 4,115 5,360 312 235 9,206 10,226 40,95 1 39 405 921 919 37-462 36.137 38,383 37,056 289 286 64 70 47 - 400 356 116 128 8 8 843 614 453 770 453 441 19 18 276 14 2,168 1,993 2 568 2 349 40,95 1 39,405
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Eternal Limited (Fo rm erly known as Zomato Limited) Standal one Statement of Cas h Flows Paniculars A) Cash nows from OJlerating activities Profit before tax Adjustment to reconcile 1irofit before tax to net cash nows: Interest income on bank deposits and others Interest income on governme nt securities Amortisation of premium / (discount ) 011 government securities Interest income 0 11 debenmres or bonds Amortisa tion of premiu m I (discount) on debentures or bonds Interest income on income tax refund Net gain on mutual fund units Net gain on sale of government secur ities Liabilities written back Profit on sale of propert y, plant and equipment (net) Gain on sale of assets under asset transter agreement Gain on termination of lease contracts Share-based payment expense Interest expense on lease liabilities Interest expense others Depreciat ion on property, plant and equipment and depreciation on right-of-use assets Amortisation on intang ible assets Impairment of financial and non financial asse rs (net) Other non-cash items O11crating profit before working capital changes Movements in working capital: Trade receivab les Other financial assets Other assets Other financial liabilities and other liabilities Provisions Trade payables C:tsh generated from / (used in) operations Income taxes (paid) / refund (net) Net cash generated from / (usetl in) operatin g acth•ities (A) B) Cash nows from investing activities Purchase ofpropeny. plant and equipment and other intangible assets (including capi tal work in progress, capital advances and capital creditors) Proceeds from sale of property , plant and equipment Proceeds from sale of assets under asset transfer agreement Proceeds from sale of business under business transfer agreement Investmem in bank and o ther deposits (having original maturity of more than 3 months ) Proceeds trom redemption / maturity of bank and other deposits (having original maturity of more than 3 month s) Investment in mutual fond units Proceeds trom redemption of mutual fund units Investment in government sec urities Proceeds from sale / maturity of government securities investment in debenture s or bonds Proceeds from redemptio n of debentures or bonds Loan given to subsidiaries Loan repaid by subsidiar ies Investment in subsidiaries Interest received Net cash generated from / (used in) investing activ ities (B) C) Cash flows from financing activities Amount collec ted by ESOP trust on exercise of emolovee stock options Payment of principal ponion of lease liabilities Payment of intere st portion of lease liabilities Orher interest paid Net cash generated from / {used in) financing activities (C) Net increase / (decrease) in cash and cash equivalents (A+B+C) Net foreign exchange di fference Cash and cash equivalents as at the beginning of the period Cash and cash equivalents as at the end of the period IINR crorel Half-year ended September 30, September 30, 2026 2025 Unaud ited Unaudit ed 1,635 1,452 ( 185) (251 ) (48) (65) (58) (48) (328) (227) 2 (0) ( 17) - (47) (37) (2) (2) (I) ( I) ( I) (24) - l I) (0) 375 100 21 11 9 0 116 86 5 5 48 27 (2) . 1,498 1,049 (59) (39) 1,207 (842) (85) l 131) (299) 90 (0) 4 229 127 2,491 258 (49) (146) 2,442 112 (83) (57) I I 24 - 3 1 . (245) (283) 1,275 1,259 (15,252) (1 1,493) 15,839 11,167 ( 178) (151) . 155 (3, 152) (1,048) 1,095 185 (3,040) (845) 525 650 (185) (100) 541 387 (2,804) (173) 2 2 (6 I) (45) (21) (11) (9 (0: (89) (54) (45 1) ( 11 5) 0 0 706 431 255 3 16
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Eternal Limited (Formerly known as Zomato Limited) Notes to the standalone unaudited financial results The slatement of standaJone unaudited financial results of Eternal Limited (Fon11erly known as Zomato Limited) ( .. the Company") for the quarter and half year ended September 30, 2026 ("Financial Results··) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 21. 2026. 2 The Financial Results have been prepared in accordance with the recognition and measurement piinciples laid down in the lndian Accounting Standard 34 ''Interim Financial Reporting .. ('"Ind AS 34"), prescribed under Section 133 of the Companies Act, 20 13 read with relevant mies issued !hereunder and other accounting principles generally accepted i.n India and in compliance with Rcgularion 33 of the Securities and Exchange Board of India (Listing Obbgations and Disclosure Requirements) Regulations, 2015, as amended ("LODR Regulations"). 3 The Company publishes these financial results along with the consolidated unaudited financial results. In accordance with lnd AS 108. 'Operating Segments·, the Company has disclosed 1he segment infonnation in the consoLidated unaudited financial results. 4 The Company has made long tenn strategic investmenls in Zomato Hyperpure Private Limited ("ZHPL"). Zomato Entertainment Private Limited ("ZEPL"), Blink Conunerce Private Limited ("BCPL"), Orbgen Technologies Private Limited ("OTP L") and Wasteland Entertainment Private Limited ("WEPL ") ("subsidiary companies"). These subsidiary companies have incurred expenses for building the brand, market share and operations which have added to their losses. These investments will generate growth and returns over a period of time. Further. the Parent has also conunitted to provide support to each of its subsidiary companies in the event they are unable to meet their indi,~dual liabilities. Based on the review of the perfonnance and funire plans of these subsidiary companies. the Company has concluded that no impairment is required as on September 30, 2026. The same has been noted by the Audit Committee and the Board. The Company is in receipt of the following Show Cause Notices ("SCNs") and Demand Orders ("Orders") fi-om various GST authorities : a. Orders for October 2019 to March 2022 for alJ the States for INR 420 crore b. Orders for April 2022 to March 2024 for Andhra Pradesh for INR 14 crore c. SCNs for April 2022 to March 2023 for mulriple states for INR 119 crore, There are no SCNs or Orders on this matter other than !hose mentioned here. The SCNs and Orders require the Company to pay GST on the delivery charges coUected by the Company from the end users on behalf of the delivery partners. a1ong with additional interest and penalties as per GST provisions. The Company is contesting the Orders/ SCNs at appropriate forums. The Company, supported by the external independent expert's advice, is of the view that it has a strong case on merits. W.e.f. September 22, 2025, 1he Government has included local delive111 services provided through Electronic Commerce Operators ("'ECOs") by unregistered sensce providers u/s 9(5) of CGST Act, 20 17. Pursuant to change in law being effective, the Company is paying GST on delivery charges coUected from the customers on behalf of unregistered delivery partners. 6 The Government of India, \\1th effect from November 2 1, 2025, notified the Code on Social Security, 2020: the Occupational Safety, Health and Working Conditions Code, 2020; the lnduslTial Relations Code, 2020; and the Code on Wages, 20 I 9 (collectively , the "Labour Codes··), with the corresponding mies notified on May 08, 2026. The Labour Codes replace the existing central labour legislations. Certain provisions of the Labour Codes are yet to be notified; based on the Company's assessment, the provisions currently in force do not have a material impact on the financial results of the Company. Similarly, various State Governments have also notified their own legislations pertaining to gig and platform work; however, the notification of the rules in respect of such state legislations remain pending, except for the State ofKa mataka, where the rules have been notified on November 19, 2025. The Company is currently contesting the vabdity of the Kama taka state legislation (The Kamataka Platfo nn Based Gig Workers (Social Security and Welfare) Act, 2025) before the appropriate forum. The operationabsed state legislations as of September 30, 2026 (i.e., of Karnataka), does not have a material impact on the financial results of the Company. The financia1 impact, if any, of the remaining provisions will be assessed upon notification of the relevant rules and regulations. 7 Subseque nt to the quane r end, on October 21, 2026, the Board of Directors of the Company approved entering of a Business Transfer Agreement ("BTA '") between the Company and Zomato Entertainment Private Limited ("ZEPL"), its wholly owned subsidiary. wherein the Company shall transfer the Going-out India business housed in the Company along with its respective assets and liabilities to ZEPL, by way of slump sale, on a going concern. The transaction has no impact on the standalone unaudited financial results for the quarlcr and half year ended September 30, 20 6. Date: October 21, 2026 Place: New Delhi Ka Chairman and l.ndepe ent Director (OlN- 0332889 0)