ETERNAL LIMITED — Others, 02-12-2024: ESOP/ESOS/ESPS

Zomato Limited has announced a board meeting regarding the allotment of 47.75 crore equity shares, each with a face value of Re. 1, to the Foodie Bay Employees ESOP Trust under multiple Employee Stock Option Plans. This increase in issued equity share capital from approximately 917.28 crore to about 965.03 crore reflects a significant allocation aimed at strengthening employee engagement. For investors, this move could bolster confidence in Zomato’s commitment to workforce incentives, with a potential positive outlook on employee retention and motivation.