Zomato's subsidiary, Zomato Netherlands, begins liquidation process

Eternal Limited (BSE:ZOMATO) disclosed that its step-down subsidiary, Zomato Netherlands B.V., has commenced liquidation proceedings. The announcement, made on April 9, 2025, states that this action is in line with the company's prior disclosures, as Zomato Netherlands has no active business operations. While Zomato Netherlands' net worth is INR 0.32 Crores, its contribution to Eternal Limited's turnover and net worth is negligible. The liquidation is not expected to materially impact Eternal Limited's revenue. The company has affirmed that the dissolution process is subject to regulatory approvals and is anticipated to conclude within one year.