Zomato's parent company, Eternal shares will be on focus on Thursday, June 10, after the firm disclosed that Andhra Pradesh authorities for goods and service tax (GST) have imposed a ₹9.63 crore penalty, according to an exchange filing.
As per the NSE filing, Eternal received a total GST penalty demand order of ₹9,63,12,704 or around ₹9.63 crore which comprises of an original amount of ₹6.48 crore, with an interest of around ₹2.49 crore, and a penalty of ₹64.87 lakh.
"This is to inform that the Company has received an order on June 09, 2026 for the period April 2023 to March 2024 passed by Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh confirming demand of GST," according to the exchange filing.
The company plans to contest the GST demand order against the demand before an appropriate authorities.
"We believe that we have a strong case on merits, and the company will be filing an appeal against the order before the appropriate authority," Eternal informed the stock exchanges on Wednesday.
Eternal share price today
Eternal shares closed 2.3% lower at ₹239.80 after the trading session on Wednesday compared to ₹245.65 at the previous stock market close, according to NSE data. The company announced its GST demand notice after market operating hours on June 10.
Shares of Eternal have delivered more than 209% returns on their investment in the last three years, but the company's stock has lost 6% in the past one year period, according to to the exchange data.
So far in 2026, Eternal shares have lost 15% year-to-date basis, and were down 6.4% in the last one month. The company's shares were trading 2.8% lower in the last five trading sessions.
Eternal shares surged to a 52-week high of ₹368.45 on October 16, 2025, while the 52-week low was at ₹212.60 on March 16, 2026. The company's market capitalisation (m-cap) was at over ₹2.31 lakh crore as of the stock market close on Wednesday, June 10, 2026.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.