ETERNAL LIMITED — Important, 04-02-2025: Updates

Zomato Limited has received a favorable ruling from the Commissioner (Appeals) in Gurugram, resulting in the dropping of a significant GST demand. This pertains to a dispute involving a demand of INR 5.91 Crores (Cr) for the period from July 2017 to March 2021. The ruling negates earlier penalties and interest associated with this demand, presenting a positive outcome for Zomato's financial liability. This decision could enhance the company's financial position and investor confidence as it alleviates a substantial regulatory burden. Keep an eye on Zomato's ongoing operational updates and financial health following this favorable development.