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Eternal Ltd Shareholders Approve Deepinder Goyal as Vice Chairman and 4 Director Re-appointments
Eternal Limited (formerly Zomato) shareholders have approved the appointment of Deepinder Goyal as Vice Chairman and Non-Executive Director with 99.65% support. The postal ballot also confirmed the re-appointment of four Independent Directors: Aparna Popat Ved, Kaushik Dutta, Namita Gupta, and Sutapa Banerjee. While most resolutions passed with over 94% support, Kaushik Dutta's re-appointment faced 23.77% opposition. These results ensure board continuity and formalize a new leadership structure for the company.
Key Highlights
Deepinder Goyal appointed as Vice Chairman and Non-Executive Director with 99.65% votes in favor (7.34 billion shares).
Re-appointment of four Independent Directors approved via special resolutions to maintain board continuity.
Kaushik Dutta's re-appointment received 76.23% approval, reflecting some shareholder dissent compared to other directors.
Aparna Popat Ved and Sutapa Banerjee received high approval ratings of 98.72% and 97.74% respectively.
The voting results were based on a record date of February 6, 2026, with over 2.29 million shareholders eligible.
💼 Action for Investors
Investors should take confidence in the strong mandate for Deepinder Goyal's new role and the overall board stability. No immediate action is required as these results confirm the expected management structure.
Eternal Ltd Seeks Approval for Re-appointment of 4 Directors with ₹1 Crore Annual Remuneration
Eternal Limited (formerly Zomato Limited) has issued a postal ballot notice to seek shareholder approval for the re-appointment of four Independent Directors for a second five-year term. The company proposes a fixed remuneration of ₹1,00,00,000 (₹1 Crore) per annum for each director for a period of three years, effective from their respective re-appointment dates in early 2026. Additionally, the directors will be entitled to sitting fees of ₹1,00,000 per meeting. The e-voting period for these special resolutions is set from February 12, 2026, to March 13, 2026.
Key Highlights
Re-appointment of 4 Independent Directors (Aparna Popat Ved, Kaushik Dutta, Namita Gupta, and Sutapa Banerjee) for 5-year terms.
Proposed annual remuneration of ₹1,00,00,000 (₹1 Crore) per director for the next 3 years.
Sitting fees fixed at ₹1,00,000 per board or committee meeting attended.
Remote e-voting period scheduled from February 12, 2026, to March 13, 2026.
Remuneration to be paid even in case of no profits or inadequate profits for the specified period.
💼 Action for Investors
Investors should evaluate the proposed remuneration against the company's financial health and industry standards for independent directors. Shareholders may participate in the e-voting process ending March 13, 2026, to express their stance on these appointments.
Eternal Ltd Re-appoints 4 Independent Directors; Deepinder Goyal Named Vice Chairman
Eternal Limited (formerly Zomato Limited) has announced the re-appointment of four Independent Directors for a second five-year term, ensuring governance continuity through 2031. The board has also approved the appointment of founder Deepinder Goyal as Vice Chairman and Non-Executive Director. These appointments are subject to shareholder approval via postal ballot. The terms for the independent directors are scheduled to commence between March and April 2026.
Key Highlights
Re-appointment of 4 Independent Directors for a second term of 5 consecutive years each
Deepinder Goyal appointed as Vice Chairman and Non-Executive Director of the Company
Aparna Popat Ved and Sutapa Banerjee re-appointed for terms ending in April 2031
Kaushik Dutta and Namita Gupta re-appointed for terms ending in February 2031
Board approved postal ballot notice to seek shareholder approval for these management changes
💼 Action for Investors
Investors should view these re-appointments as a sign of institutional stability and continuity in the company's strategic oversight. No immediate action is required as these are standard governance procedures.
Deepinder Goyal Resigns as Eternal CEO; Albinder Dhindsa Appointed New Group CEO
Deepinder Goyal has resigned as the Managing Director and CEO of Eternal Limited (formerly Zomato) effective February 1, 2026, to pursue high-risk ventures outside the public company's scope. Albinder Dhindsa, the current leader of Blinkit, will take over as the new Group CEO, while Goyal will transition to the role of Vice Chairman. In a significant move for shareholders, all of Goyal's unvested ESOPs will revert to the company's ESOP pool, preventing incremental dilution. This leadership transition aims to maintain focus on core growth areas like Blinkit while retaining the founder's involvement in long-term strategy.
Key Highlights
Deepinder Goyal steps down as MD & CEO effective February 1, 2026, moving to a Vice Chairman role.
Albinder Dhindsa, credited with Blinkit's turnaround to breakeven, is appointed as the new Group CEO.
All unvested ESOPs held by Deepinder Goyal will revert to the company pool to avoid shareholder dilution.
The company will maintain its decentralized structure where individual business CEOs retain full autonomy.
Goyal will continue to focus on long-term strategy, culture, and governance as Vice Chairman.
💼 Action for Investors
Investors should monitor the transition of leadership to Albinder Dhindsa, though the retention of the founder as Vice Chairman and the ESOP clawback are positive signs of stability and alignment.
Eternal Ltd Q3FY26: Quick Commerce Breakeven Achieved; Targets $3Bn Going-Out NOV by FY30
Eternal Limited (formerly Zomato) reported a major milestone in Q3FY26 by achieving breakeven in its quick commerce segment (Blinkit), with contribution margins expanding 90 bps. Management remains confident in reaching a long-term Adjusted EBITDA margin of 5-6%, noting that several cities have already hit the 5% mark. While store throughput saw a slight 6-7% QoQ dip due to assortment expansion, the company is targeting a $3 billion Net Order Value (NOV) for its 'Going-out' business by FY30. Despite irrational competition, the firm maintains a 100% YoY growth outlook for quick commerce, supported by a target ROCE of over 40%.
Key Highlights
Quick commerce segment achieved EBITDA breakeven with a 130 bps expansion in EBITDA margins during the quarter.
Company set an ambitious $3 billion Net Order Value (NOV) target for the Going-out segment by FY30, implying a 30% CAGR.
Store throughput decreased by 6-7% QoQ as the company expanded into slower-moving long-tail product assortments.
Management maintains a long-term ROCE target of 40% plus, with net working capital days expected to stay within 18 days.
Tactical delivery fee cuts were implemented in select markets to counter irrational competitive intensity.
💼 Action for Investors
Investors should view the Blinkit breakeven as a significant de-risking event for the business model, though short-term margin volatility may persist due to competitive pricing. Accumulate on dips as the company scales its 'Going-out' vertical to capture market share from incumbents.
Eternal Q3 PAT Up to ₹102 Cr; Albinder Dhindsa Named CEO as Deepinder Goyal Becomes Vice Chairman
Eternal Limited (formerly Zomato) reported a robust Q3 FY26 with revenue reaching ₹16,315 crore and PAT growing to ₹102 crore. The company announced a major leadership shift: Albinder Singh Dhindsa (current Blinkit CEO) will become the Group CEO, while founder Deepinder Goyal transitions to Vice Chairman. Total nine-month revenue for FY26 hit ₹37,072 crore, showing significant scale compared to the previous year. The board also noted ongoing GST disputes regarding delivery charges, which remain a point of uncertainty for the company's liabilities.
Key Highlights
Q3 FY26 Revenue from operations stood at ₹16,315 crore, a 201% increase over Q3 FY25's ₹5,405 crore.
Net Profit (PAT) for the quarter rose to ₹102 crore, compared to ₹65 crore in the previous quarter and ₹59 crore YoY.
Albinder Singh Dhindsa appointed as CEO effective Feb 1, 2026, succeeding founder Deepinder Goyal.
Deepinder Goyal to serve as Vice Chairman and Director for a 5-year term pending shareholder approval.
Nine-month FY26 consolidated profit reached ₹192 crore on a total income of ₹38,126 crore.
💼 Action for Investors
Investors should monitor the leadership transition to ensure the high-growth trajectory of the Blinkit vertical translates effectively to the group level. While earnings are strong, the change in the founder's role and ongoing GST litigation warrant a cautious 'Watch' approach.
Eternal Ltd Q3 PAT up 73% to ₹102 Cr; Albinder Dhindsa Appointed Group CEO
Eternal Limited (formerly Zomato) reported a robust Q3 FY26 with consolidated revenue from operations reaching ₹16,315 crore, a massive jump from ₹5,405 crore in the same quarter last year. Net profit for the quarter rose to ₹102 crore compared to ₹59 crore YoY. In a significant leadership shift, founder Deepinder Goyal will step down as CEO to become Vice Chairman, while Blinkit CEO Albinder Singh Dhindsa will take over as the Group CEO effective February 1, 2026. The company continues to navigate legal uncertainties regarding GST on delivery charges, though management remains confident in its legal position.
Key Highlights
Consolidated revenue from operations surged to ₹16,315 crore in Q3 FY26 from ₹5,405 crore in Q3 FY25.
Net profit (PAT) for the quarter increased to ₹102 crore, representing a 72.8% growth year-on-year.
Albinder Singh Dhindsa, the current CEO of Blinkit, has been appointed as the CEO and KMP of Eternal Limited.
Founder Deepinder Goyal transitions from MD & CEO to the role of Vice Chairman and Director.
Total expenses for the quarter stood at ₹16,493 crore, with stock-in-trade purchases accounting for ₹10,076 crore.
💼 Action for Investors
Investors should closely monitor the leadership transition as the Blinkit CEO takes over the group, signaling a potential shift in strategic focus toward quick commerce. While revenue growth is exceptional, the thin net margins and ongoing GST litigation require a watchful approach.
Deepinder Goyal Steps Down as Group CEO of Eternal; Albinder Dhindsa Appointed Successor
Deepinder Goyal is stepping down as Group CEO of Eternal Limited (formerly Zomato) to become Vice Chairman, with Albinder Dhindsa taking over the top role. Dhindsa, who successfully led Blinkit to breakeven, will now oversee day-to-day execution and operating priorities across the group. Goyal will remain involved in long-term strategy and governance but plans to pursue higher-risk experimental ideas outside the public company. A significant financial highlight is that Goyal's unvested ESOPs will revert to the company pool, protecting shareholders from incremental dilution.
Key Highlights
Deepinder Goyal transitions to Vice Chairman; Albinder Dhindsa named new Group CEO.
Albinder Dhindsa previously led Blinkit from acquisition to breakeven, demonstrating strong execution capabilities.
All unvested ESOPs held by Deepinder Goyal will revert to the company pool, preventing additional shareholder dilution.
Goyal will maintain focus on long-term strategy, culture, and governance while exploring new ventures externally.
Blinkit remains the company's largest growth opportunity and a top priority for the new leadership.
💼 Action for Investors
This is a significant leadership transition; while Dhindsa is a proven leader, investors should watch for any shifts in execution speed or strategic direction. The ESOP reversal is a shareholder-friendly move that avoids dilution while providing room for future talent incentives.
Eternal Ltd Q3 Revenue Surges 202% to ₹16,315 Cr; Albinder Dhindsa Appointed CEO
Eternal Limited (formerly Zomato) reported a massive jump in consolidated revenue to ₹16,315 crore for Q3 FY26, up from ₹5,405 crore in the previous year. Net profit for the quarter grew 73% YoY to ₹102 crore, despite a significant increase in total expenses to ₹16,493 crore. In a major leadership transition, founder Deepinder Goyal will step down as CEO to become Vice Chairman, while Blinkit CEO Albinder Singh Dhindsa will take over as Group CEO effective February 1, 2026. The company continues to contest GST demands on delivery charges, maintaining a strong legal stance.
Key Highlights
Consolidated revenue from operations grew 202% YoY to ₹16,315 crore in Q3 FY26.
Net profit increased to ₹102 crore for the quarter, compared to ₹59 crore in Q3 FY25.
Albinder Singh Dhindsa, current CEO of Blinkit, appointed as the new Group CEO effective February 1, 2026.
Deepinder Goyal transitions from MD & CEO to the role of Vice Chairman and Director.
Total expenses rose to ₹16,493 crore, primarily driven by ₹10,076 crore in stock-in-trade purchases.
💼 Action for Investors
The strong revenue growth and leadership transition to the head of Blinkit signal a strategic focus on quick commerce; investors should remain positive but watch for execution risks during the CEO transition.
Deepinder Goyal Steps Down as Eternal Group CEO; Albinder Dhindsa Named Successor
Deepinder Goyal, the founder of Eternal Limited (formerly Zomato), has announced he will step down as Group CEO to become Vice Chairman, pending shareholder approval. Albinder Dhindsa, who led Blinkit to breakeven, will take over as the new Group CEO to handle day-to-day operations and execution. Goyal intends to pursue high-risk experimental projects outside the public company's scope while remaining involved in long-term strategy and governance. Crucially, Goyal's unvested ESOPs will revert to the company pool, preventing incremental shareholder dilution.
Key Highlights
Deepinder Goyal transitions to Vice Chairman after 18 years as the company's leader.
Albinder Dhindsa, the architect of Blinkit's growth, is appointed as the new Group CEO.
All unvested ESOPs held by Deepinder Goyal will revert to the company pool to benefit future leadership.
The move aims to separate high-risk external exploration from Eternal's disciplined public company operations.
The existing decentralized structure with independent business-unit CEOs will remain intact.
💼 Action for Investors
Investors should closely monitor the transition for any impact on execution speed, though the appointment of an internal veteran like Dhindsa suggests continuity. The decision to revert ESOPs is a shareholder-friendly move that reduces potential dilution.
Eternal Ltd Grants 4.29 Crore Stock Options to Employees at ₹1 Exercise Price
Eternal Limited (formerly Zomato) has approved the grant of 42,901,017 stock options to eligible employees under its 2014, 2021, and 2024 ESOP plans. The largest portion of the grant, 35 million options, is issued under the ESOP 2024 scheme. Each option is convertible into one equity share at a nominal exercise price of ₹1 per share. While this is a standard retention tool for platform companies, it represents a potential future equity dilution for existing shareholders.
Key Highlights
Total grant of 42,901,017 stock options approved by the NRC on January 01, 2026
Grant includes 35,000,000 options under ESOP 2024 and 7,900,998 under ESOP 2021
Exercise price is set at a nominal ₹1 per equity share
Total shares covered by these options amount to 43,028,298 equity shares of face value ₹1 each
Exercise period extends up to 10-12 years from the date of vesting or listing
💼 Action for Investors
Investors should monitor the long-term impact on earnings per share (EPS) due to equity dilution as these options vest. No immediate action is required as ESOP grants are a routine talent retention strategy for the company.