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The latest update is out from Zomato Ltd. ( (IN:ETERNAL) ).
Eternal Limited, formerly Zomato Limited, operates technology-led platform businesses and is expanding into B2B AI-driven support services through its wholly owned subsidiary, Carthero Technologies Private Limited. The group uses internal restructuring to streamline its corporate structure while maintaining a professionally managed, promoter-less ownership profile.
The board has approved unaudited quarterly results, set the date for its 16th Annual General Meeting, and cleared a business transfer agreement under which the Nugget by Zomato business will move to Carthero Technologies for INR 35 crore as a related-party slump sale. The Nugget unit is a very small contributor to revenue and net worth, and its transfer is positioned as an arm’s length internal reorganisation aimed at simplifying operations and sharpening focus on B2B AI-driven support offerings.
Governance steps include member approval of audited FY 2025-26 financials and the proposed reappointment of non-executive nominee director Sanjeev Bikhchandani, underscoring continuity in board oversight. For stakeholders, the restructuring suggests limited immediate financial impact but signals Eternal’s intent to refine its corporate architecture and clarify business lines as it develops its AI-driven support platform strategy.
More about Zomato Ltd.
Eternal Limited, formerly known as Zomato Limited, operates in the digital platforms and technology space, with business lines that include food-related services and emerging business-to-business AI-driven support offerings. The company is professionally managed without an identifiable promoter, and works through subsidiaries such as Carthero Technologies Private Limited to develop new technology-led businesses.
The Nugget by Zomato business, which Eternal is transferring to Carthero Technologies, generated revenue of INR 7.20 crore in FY 2025-26, representing only 0.07% of standalone revenue, and had a net worth of INR 10.54 crore, or 0.03% of the company’s standalone net worth as of March 31, 2026.
Average Trading Volume: 2,131,572
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2770.1B INR
See more insights into ETERNAL stock on TipRanks’ Stock Analysis page.