Eternal to move its 'Nugget by Zomato' AI-support unit into a wholly owned subsidiary

At its meeting on July 22, 2026, Eternal Limited's board approved a business transfer agreement (BTA) with Carthero Technologies Private Limited (CTPL), a wholly owned subsidiary, to transfer the business operating as 'Nugget by Zomato' to CTPL. Per the filing, the transfer is a slump sale on a going-concern basis, part of what the company describes as an internal restructuring exercise to streamline its corporate structure. CTPL will run the unit as a B2B AI-driven support platform. The transfer is expected to complete within 30 days of executing the BTA.

Because CTPL is a wholly owned subsidiary, the transaction falls within related party transactions and, the company said, is at arm's length. The filing notes Eternal is professionally managed with no identifiable promoter, and that there will be no change in the shareholding pattern of any entity involved. In substance, the Nugget business is being repositioned inside the group rather than sold to an outside buyer.

On a standalone basis the Nugget business is a small part of Eternal — the filing puts its FY2025-26 revenue and net worth as fractions of a percent of the company's standalone totals (see key figures). The board separately approved the unaudited June-quarter results, reviewed by Deloitte Haskins & Sells, and set the 16th AGM for August 26, 2026. The results carry an ongoing GST matter: the company disclosed orders and show-cause notices from GST authorities on GST on delivery charges, which it is contesting and on which it says it has a strong case on merits.