ETERNAL Limited announced that the board of directors of Eternal Limited at its meeting held on October 16, 2025, has considered and approved: Incorporation of a wholly owned subsidiary in the name of Eternal General Service Foundation. The entity being incorporated is named Eternal General Service Foundation, referred to as "Eternal Foundation." It is proposed to be incorporated in India. The holding company of the incorporated entity is Eternal Limited, which was formerly known as Zomato Limited.
Eternal Foundation is proposed to be incorporated as a wholly owned subsidiary of the Company. The industry to which the entity belongs is charitable and social welfare activities. Eternal Foundation would engage in charitable and social welfare activities including but not limited to hunger relief, healthcare, education, environmental sustainability, disaster response, social empowerment, animal welfare, and other public welfare programs. There are no governmental or regulatory approvals required for the incorporation.
The nature of consideration for the incorporation involves a paid-up capital of INR 10,00,000 (Indian Rupees Ten Lakh only), comprising 1,00,000 (One Lakh) equity shares of face value INR 10/- (Indian Rupees Ten only) each in cash. The cost of subscription or price at which the shares are subscribed is also INR 10,00,000 (Indian Rupees Ten Lakh), with 1,00,000 (One Lakh) equity shares constituting 100% of the paid-up share capital of Eternal Foundation being subscribed by the Company at a face value of INR 10/- (Indian Rupees Ten only) each in cash. Furthermore, 100% of the share capital of Eternal Foundation will be held by the Company.
