Eternal Limited Approves Financial Results and Initiates Asset Transfer Agreement
Eternal Limited (formerly Zomato Limited) announced the outcomes of its Board Meeting held on April 28, 2026. During the meeting, the Board approved the financial results for the quarter and financial year ending March 31, 2026. Additionally, the company approved entering into an Asset Transfer Agreement (ATA) concerning the transfer of core technology assets.The Board meeting commenced at 2:00 P.M. and concluded at 3:04 P.M.
Financial Results for FY 2026
The Board approved the standalone and consolidated financial results for the quarter and full financial year ended March 31, 2026.Key financial figures for the year ending March 31, 2026, show the following:
| Metric | Consolidated Financial Results (INR crore) | Standalone Financial Results (INR crore) |
|---|---|---|
| Total Income | 54.364 | 12,702 |
| Total Expenses | 23 (5321 fl66) 366 | 9,736 |
| Profit Before Tax | 615 | 2,966 |
| Total Comprehensive Income | 2,112 | 2,112 |
| Earnings per Share (Basic) | 0.40 | 2.91 |
The Standalone Statement of Income and the Consolidated Statement of Income and Comprehensive Income for the quarter ended March 31, 2026, were also approved.
Strategic Asset Transfer Agreement
The Board also approved entering into an Asset Transfer Agreement (ATA) between Eternal Limited and Wasteland Entertainment Private Limited (WEPL), a wholly owned subsidiary of the Company.Under the agreement, WEPL will transfer the technology stack of the District platform, along with identified employees, to the Company. This transfer is intended to improve organizational efficiency and unlock further business opportunities.
The transaction details are as follows:
| Aspect | Details |
|---|---|
| Parties Involved | Eternal Limited (Company) and Wasteland Entertainment Private Limited (WEPL) |
| Assets Transferred | Technology stack of the District platform and identified employees |
| Consideration | INR 24,19,13,925/- (Indian rupees twenty four crore nineteen lakh thirteen thousand nine hundred and twenty five only) |
| Expected Completion Date | May 1, 2026 |
The financial transaction is classified as a related party transaction and has been executed at arm's length.
ETERNAL Stock Price Movement
As of 3:21 PM, shares of ETERNAL LIMITED are slipping by 3.07% in live trading, with the equity currently valued at ₹247.64. The stock is seeing heavy interest, shedding ₹7.85 on a total traded volume of 63.04 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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