ETERNAL LIMITED — Others, 18-04-2025: Shareholders meeting

Eternal Limited has announced a board meeting to seek shareholders' approval for a cap of up to 49.50% on aggregate foreign ownership. This move is strategic for maintaining the company's classification as an Indian-Owned-and-Controlled Company (IOCC), facilitating operational flexibility, particularly in its rapid commerce segment. With the Blinkit business showing significant growth, this cap aims to promote inventory ownership, potentially driving revenue and margin enhancements. For investors, this development may signal a positive outlook as it aligns with the company's long-term vision of innovation and growth while reinforcing domestic ownership in a competitive market.