Shares of Eternal Limited (formerly Zomato Limited) are in focus today after the company announced that its shareholders have approved a special resolution to cap foreign ownership at 49.5%. This decision, passed through a postal ballot concluded on May 19, 2025, reflects a strategic move amid evolving regulatory and investment frameworks.
According to the scrutinizer’s report shared with stock exchanges, the resolution received overwhelming support from shareholders, with 99.85% votes cast in favour and only 0.14% against. A total of over 695 crore votes were polled during the remote e-voting process conducted between April 20 and May 19, 2025.
The company emphasized that the move aligns with regulatory compliance and strategic interests, although it did not elaborate further on specific motivations behind the foreign ownership cap.
Eternal Limited, which had previously operated under the name Zomato Limited, continues to maintain a large shareholder base. The company reported over 28.2 lakh shareholders on the record date of April 16, 2025.
While the stock’s immediate price reaction to the announcement was neutral, market participants are closely monitoring further regulatory and business developments that could follow this structural change in ownership norms.
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