ETERNAL LIMITED: Monitoring Agency Report for Q3 FY26 Shows No Deviation in Fund Utilization
ETERNAL LIMITED's Monitoring Agency Report for Q3 FY26 confirms no deviation in the utilization of ₹8,436.12 crore raised via QIP. Total utilized funds reached ₹4,473.94 crore, with ₹3,962.19 crore remaining unutilized. Projects are on schedule, and funds are invested in fixed deposits and G-Secs.
This is a routine regulatory filing that confirms the proper utilization of previously raised funds. It does not introduce new material information that would significantly impact the company's stock or operations.
The report is a routine monitoring agency submission confirming adherence to the utilization plan of funds raised via QIP. It indicates no deviation, which is standard and expected, hence the neutral sentiment.
ETERNAL LIMITED (formerly Zomato Limited) has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, issued by ICRA Limited. The report confirms that the utilization of proceeds raised through a qualified institutions placement (QIP) is in line with the objects of the issue, with no deviation observed.
The QIP, which opened on November 25, 2024, and closed on November 28, 2024, raised ₹8,500 crore by issuing 33,64,73,755 equity shares at ₹252.62 per share. The net proceeds amounted to ₹8,436.12 crore, which ICRA is monitoring.
The report details the utilization of these proceeds across four main objects: setting up and running operations of Dark Stores and warehouses (₹2,137.00 crore), advertising, marketing, and branding initiatives (₹2,492.00 crore), investment in technology infrastructure and capabilities (₹1,769.00 crore), and general corporate purposes (₹2,038.12 crore).
For the quarter ended December 31, 2025, the total amount utilized was ₹1,528.33 crore, bringing the cumulative utilized amount to ₹4,473.94 crore against the total net proceeds of ₹8,436.12 crore. The unutilized amount stands at ₹3,962.19 crore. The report also specifies the deployment of unutilized proceeds into various fixed deposits and government securities, with maturity dates extending up to March 2027, earning interest rates ranging from approximately 6.05% to 8.14%. The company has indicated that the implementation of its objectives is on schedule.
The report also clarifies that certain amounts paid during the quarter are currently part of unutilized proceeds and will be considered utilized in the subsequent quarter when recouped from unutilized proceeds. Reimbursements for expenses incurred in previous quarters by the company through its internal accruals were also noted.
What to do with a filing like this
ETERNAL LIMITED filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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