ETERNAL LIMITED — Others, 20-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Zomato Limited has submitted a statement confirming that there is no deviation in the utilization of funds raised through qualified institutional placement (QIP) for the quarter ended December 31, 2024. The company raised gross proceeds of ₹8,500 Crores, with net proceeds amounting to ₹8,436.12 Crores. Key allocations included operational expenses for dark stores and technology infrastructure. The absence of any deviation reinforces Zomato's financial discipline, which may instill confidence among investors about its capital management. Overall, this update supports a positive outlook on Zomato's financial health and operational strategy.