Zomato Ltd. witnessed a 3% drop in its share price after the resignation of Rinshul Chandra, Chief Operating Officer (COO) for its food ordering and delivery business. The announcement was made through an exchange filing with the Bombay Stock Exchange (BSE) on April 5, 2025.
According to the filing, Chandra, who was designated as Senior Management Personnel (SMP), will officially step down on April 7, 2025. His resignation email highlighted his desire to pursue new opportunities aligned with his personal and professional goals.
“I have decided to pursue new opportunities and passions… It has been an incredibly fulfilling journey over the past 7 years,” Chandra wrote in his farewell message.
Chandra has been a pivotal part of Zomato’s growth, playing a critical role in building and scaling the company’s core food delivery operations across India. His departure comes at a time when Zomato is undergoing a major brand transformation under its new identity, Eternal.
Zomato shares opened at ₹196.00, hitting a high of ₹204.75 and a low of ₹194.80 during the session. Currently, it trades between a 52-week high of ₹304.70 and a low of ₹146.30.
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