ETERNAL LIMITED (ETERNAL) — deviation variation Announcement

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📢 Key Event
ICRA confirms Eternal Limited utilized 100% of QIP proceeds exactly as per offer document with no material deviations.

🔄 What Changed
No material changes observed in fund utilization compared to previous monitoring reports; all expenditures align with original disclosures.

💡 Investor Takeaway
Shareholders can be assured that raised capital was deployed precisely for intended purposes with no unauthorized shifts in spending.

ICRA's monitoring agency report confirms Eternal Limited utilized INR 8,436.12 crore from its QIP placement exactly as disclosed in the offer document, with no deviations in fund usage across all four specified objects: dark store operations (INR 1,797.82 crore utilized), advertising and branding (INR 1,064.68 crore), technology infrastructure (INR 497.32 crore), and general corporate purposes (INR 1,114.11 crore). The report notes minor unutilized balances of INR 1,125.15 crore, largely due to reimbursements from internal accruals, and confirms all statutory approvals were secured without any material changes to the original fund deployment plan.

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About ETERNAL LIMITED (ETERNAL)

Consumer Services · Retailing · Listed on NSE

Market Cap: ₹2,32,747.16 Cr P/E: 317.3

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

ETERNAL LIMITED (ETERNAL) — deviation variation Announcement

About ETERNAL LIMITED (ETERNAL)

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