Shares of Eternal Limited came under investor watch after the company disclosed receipt of a GST demand order totaling approximately ₹9.63 crore for the period from April 2023 to March 2024.
The company has stated that it intends to challenge the order and does not anticipate any financial impact from the matter.
Breakdown of the GST Demand
Component Amount
Tax Demand ₹6.49 crore
Interest ₹2.50 crore
Penalty ₹0.65 crore
Total Demand ₹9.63 crore
The order was received by the company on June 9, 2026.
Company’s Response
According to the exchange filing:
The company believes it has a strong case on merits.
It plans to file an appeal against the demand.
Management does not expect any material financial impact arising from the order.
Such tax disputes are relatively common among large digital and platform-based businesses and are often subject to appellate review.
About Eternal Limited
Eternal Limited, formerly known as Zomato Limited, adopted its new corporate identity in 2025.
The company operates multiple consumer-facing businesses, including:
Zomato – food delivery and dining services
Blinkit – quick commerce and grocery delivery
Hyperpure – B2B restaurant supplies
District – lifestyle and experiences platform
Eternal Share Price Performance
As of June 11, 2026 (11:00 AM):
Particulars Value
Share Price ₹234.90
Change -1.50%
The decline reflects investor reaction to the GST demand announcement, although the company has maintained that it does not foresee any financial impact.
Key Investor Takeaway
The ₹9.63 crore demand is relatively small compared with Eternal’s overall scale and operations. The primary points investors may monitor going forward are:
Outcome of the company’s appeal.
Any future regulatory or tax developments.
Management commentary regarding contingent liabilities.
Impact, if any, on earnings and cash flows.
Conclusion
Eternal has received a GST demand order totaling approximately ₹9.63 crore, comprising tax, interest, and penalty components. While the development has brought the stock into focus, the company has indicated that it will challenge the order and currently does not expect any material financial impact from the dispute.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.
