Eternal Ltd Confirms Secretarial Compliance for FY26; No Adverse SEBI Actions

Eternal Ltd has filed its Annual Secretarial Compliance Report for the financial year ending March 31, 2026, confirming its adherence to statutory provisions and good corporate practices. The filing brings relief by noting no adverse actions from SEBI or stock exchanges during the review period, though ongoing GST scrutiny remains a point to watch.

Report Details
The report, prepared by M/s Chandrasekaran Associates, Company Secretaries, covers the period from April 1, 2025, to March 31, 2026. It validates that Eternal Limited has met all applicable statutory requirements and maintained high standards of corporate governance. Crucially, the review found no instances of non-compliance or actions taken by SEBI or stock exchanges against the company, its promoters, or directors.

Significance for Investors
For publicly listed companies, demonstrating compliance with secretarial and regulatory norms is vital for maintaining investor confidence. This report serves as an independent assurance of Eternal Limited's commitment to transparency and robust governance. It helps mitigate immediate compliance-related concerns and signals a stable legal and operational framework.

Company Background
Eternal Limited, formerly known as Zomato Limited, underwent a significant rebranding in March 2025. This name change reflects the company's expansion beyond its core food delivery app to include businesses like quick-commerce platform Blinkit and food supply chain Hyperpure.

What This Filing Means
The confirmation of sound secretarial and governance practices reinforces investor trust. The absence of adverse findings in this specific report reduces immediate regulatory uncertainty for the company's diverse business verticals. Shareholders can be reassured by the company's diligence in meeting its statutory obligations.

Other Regulatory Scrutiny
While the FY26 compliance report found no issues for the period covered, Eternal Limited continues to face regulatory attention in other areas. The company has received Goods and Services Tax (GST) demand orders totaling over ₹175 crore and plans to appeal these. The Competition Commission of India (CCI) is also investigating potential antitrust violations by the company and its peers, a matter Eternal Limited states it is compliant with competition laws.

Industry Context
Eternal Limited operates in a competitive market alongside rivals such as Swiggy and Zepto. Maintaining strong compliance and governance is essential for all listed companies in this sector to build and sustain stakeholder trust, regardless of market share battles or operational performance news.

Looking Ahead
Investors will monitor future Annual Secretarial Compliance Reports for continued adherence to norms. Key developments to track include the outcome of Eternal Limited's appeals against the GST demand orders and any further updates from the CCI probe into antitrust practices. The company's future corporate actions, such as new business segments or strategic partnerships, will also be important for assessing compliance implications.