Eternal Limited Seeks Shareholder Approval for Director Re-appointments and Remuneration
Eternal Limited is seeking shareholder approval via postal ballot for the re-appointment of four Independent Directors: Aparna Popat Ved, Kaushik Dutta, Namita Gupta, and Sutapa Banerjee. Each is proposed for a five-year term with an annual remuneration of ₹1 crore. Additionally, Deepinder Goyal is proposed as Vice Chairman and Non-Executive Director. E-voting runs from February 12 to March 13, 2026.
The re-appointment of key independent directors and the appointment of a Vice Chairman are significant for the company's governance and strategic direction. Shareholder approval is required, indicating a material decision impacting the board composition and executive structure.
The announcement pertains to routine corporate governance procedures, specifically the re-appointment of directors and related remuneration, which is a standard process for listed companies. There are no significant positive or negative financial or operational developments highlighted.
ETERNAL LIMITED (formerly Zomato Limited) has issued a postal ballot notice to its shareholders seeking approval for key corporate actions. The company is proposing the re-appointment of four Independent Directors: Aparna Popat Ved, Kaushik Dutta, Namita Gupta, and Sutapa Banerjee. Aparna Popat Ved and Sutapa Banerjee are proposed for re-appointment for a second term of five years each, commencing from April 19, 2026, and April 12, 2026, respectively. Kaushik Dutta and Namita Gupta are also proposed for a second term of five years, commencing from March 1, 2026.
Alongside their re-appointments, shareholders will vote on the remuneration for these directors. Aparna Popat Ved and Sutapa Banerjee are proposed to receive an annual remuneration of ₹1 crore for three years from their re-appointment dates, exclusive of sitting fees of ₹1 lakh per meeting and reimbursement of expenses. Similarly, Kaushik Dutta and Namita Gupta are proposed for an annual remuneration of ₹1 crore for three years from their re-appointment dates, also exclusive of sitting fees and expenses.
Furthermore, the shareholders' approval is sought for the appointment of Deepinder Goyal as Vice Chairman and Non-Executive Director for a period of five years. The remote e-voting period for these resolutions will commence on February 12, 2026, at 9:00 a.m. IST and conclude on March 13, 2026, at 5:00 p.m. IST. The results of the postal ballot are expected to be announced on or before March 16, 2026.
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ETERNAL LIMITED filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. 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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