ETERNAL LIMITED: Q1FY27 Monitoring Agency Report Confirms No Deviation in Fund Utilization
Eternal Limited's Q1FY27 Monitoring Agency Report confirms no deviation in fund utilization from its ₹8,500 crore QIP. Net proceeds of ₹8,436.12 crore are being utilized as planned across operations, marketing, and technology. As of June 30, 2026, ₹6,352.94 crore has been utilized, with ₹2,083.18 crore remaining.
This is a routine monitoring report confirming compliance with fund utilization. It does not introduce new material information that would significantly impact the company's stock or operations.
The report indicates no deviation in the utilization of funds raised through QIP, which is a positive sign for the company's adherence to its stated objectives.
Eternal Limited (formerly Zomato Limited) has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared 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 took place from November 25 to 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 funds were allocated across four main heads: ₹2,137 crore for dark stores and warehouses, ₹2,492 crore for advertising, marketing, and branding, ₹1,769 crore for technology infrastructure, and ₹2,038.12 crore for general corporate purposes.
As of June 30, 2026, the total utilized amount stands at ₹6,352.94 crore, with ₹2,083.18 crore remaining unutilized. The company has utilized the entire allocated amount for dark stores and warehouses. For advertising, marketing, and branding, ₹1,761.86 crore remains unutilized out of ₹2,492 crore. Similarly, ₹854.01 crore is unutilized from the ₹1,769 crore allocated for technology infrastructure, and ₹499.03 crore remains unutilized from the ₹2,038.12 crore designated for general corporate purposes. The report also details the deployment of unutilized proceeds, which are invested in fixed deposits and government securities, generating earnings and returns.
The company has confirmed that all utilization is as per disclosures in the offer document, and no shareholder approval was required for material deviations. The means of finance for the disclosed objects have not changed, and no major deviations were observed from earlier monitoring agency reports. All necessary government and statutory approvals related to the objects have been obtained, and arrangements for technical assistance and collaboration are in operation. There have been no unfavorable events affecting the viability of the stated objects.
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ETERNAL LIMITED filed this with the NSE as a statutory disclosure, categorised under equity fundraising. 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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