Zomato Ltd has officially announced that its shareholders have approved a special resolution to change the company’s corporate entity name to Eternal Ltd. However, this change applies only to the corporate entity and does not impact the Zomato brand or app. The company disclosed this update in a filing with the stock exchanges.
Alongside the name change, Zomato shareholders also approved a resolution to amend its Memorandum of Association (MoA) and Articles of Association (AoA). These modifications will align the company’s foundational legal documents with the new corporate identity. The approval was granted through a postal ballot, as communicated in the company’s letters dated February 6 and February 7, 2025.
The resolution, which received shareholder consent, marks a significant legal transition for the company. As per the scrutinizer’s report published on March 9, the voting outcome confirmed broad support for the proposed changes.
This renaming move aligns with Zomato’s broader strategic direction. The decision is expected to signal a new phase of growth as the company continues evolving in the competitive food delivery and technology sector.
On February 6, Zomato’s Board of Directors approved the name change, contingent on shareholder and regulatory approvals. This shift represents an important milestone in the company’s efforts to expand its business beyond food delivery.
The rebranding to Eternal Ltd reflects Zomato’s expanding vision. The company has diversified into multiple ventures beyond its core food delivery business, including:
Blinkit – Quick commerce and grocery delivery
Hyperpure – B2B restaurant supply chain
District – Other strategic business initiatives
CEO Deepinder Goyal previously shared insights on this transition in a letter to shareholders. According to Goyal, after acquiring Blinkit, the company internally used the term Eternal to distinguish between the parent organization and the Blinkit brand. This corporate rebranding now formalizes that distinction.
As part of the transition, Zomato will migrate its corporate website from zomato.com to eternal.com. Additionally, the company’s stock ticker will be updated from ZOMATO to ETERNAL on stock exchanges.
Despite the announcement, Zomato’s shares experienced a slight decline. As of 11:00 AM on March 10, 2025, Zomato’s stock price stood at ₹214.92 per share, marking a 0.88% drop. Over the course of the year, Zomato’s stock has declined 22.27%, reflecting broader market trends and investor sentiment.
Conclusion
Zomato’s rebranding to Eternal Ltd signifies a transformative step in the company’s journey. By expanding beyond food delivery and solidifying its presence in multiple verticals, the company is positioning itself for long-term growth. While the brand name Zomato will remain for consumer-facing services, the corporate identity change marks a new era for the organization. Investors and stakeholders will be closely monitoring how this strategic shift impacts the company’s financial performance and market positioning.