ETERNAL LIMITED: Q4 FY26 Monitoring Report Confirms No Deviation in QIP Fund Utilization
Eternal Limited's QIP proceeds utilization report for Q4 FY26 shows no deviation from the issue's objectives. The company raised ₹8,500 Crore via QIP, with ₹8,436.12 Crore in net proceeds. As of March 31, 2026, ₹4,473.93 Crore has been utilized, and ₹5,599.08 Crore remains unutilized. All projects are on schedule.
While the report is positive in confirming no deviation, it details the utilization of funds raised previously. The impact is medium as it provides an update on fund utilization rather than announcing new business developments or financial performance.
The report confirms that the utilization of QIP proceeds is in line with the stated objectives, with no deviations, which is a positive outcome for investors and stakeholders.
Eternal Limited (formerly Zomato Limited) has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, regarding the utilization of proceeds from its Qualified Institutions Placement (QIP). The report, issued by ICRA Limited, confirms that the utilization of funds is in line with the objects of the issue, with no deviation observed.
The company raised ₹8,500 Crore through the QIP, with net proceeds of ₹8,436.12 Crore. The funds were allocated across four main areas: 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).
As of March 31, 2026, the total amount utilized was ₹4,473.93 Crore, with ₹5,599.08 Crore remaining unutilized. The report details the progress in each object head, noting reimbursements taken for amounts incurred in the previous quarter. Unutilized proceeds have been deployed in various fixed deposits and corporate deposits with an average earning of approximately 7-8% and G-Sec investments.
All object(s) are on schedule for completion, with the timelines extending up to FY28. The company has ensured that all utilization is as per disclosures in the Offer Document, and no shareholder approval was required for material deviations. Furthermore, there have been no changes in the means of finance or 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 other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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