Deepinder Goyal has formally resigned as managing director, chief executive officer and director of Eternal Ltd (formerly Zomato Ltd), the company disclosed in a stock exchange filing on February 6. The resignation took effect from the close of business hours on February 1, 2026, and includes his exit from various committees linked to the MD & CEO role.

The leadership handover, first announced on January 21, is now completed with the formal resignation letter submitted to the board and enclosed as part of the statutory disclosure.

What’s changing at Eternal

• Albinder Dhindsa, currently Blinkit’s CEO, takes charge as Group CEO, responsible for operating priorities, execution and business decisions.
• Deepinder Goyal is stepping away from day-to-day management, and has also resigned from board-level responsibilities tied to the MD & CEO position.

Goyal to stay on the board, subject to shareholder approval

Even after resigning from the top executive role, Goyal told shareholders he plans to continue on Eternal’s board as vice chairman in a non-executive capacity, subject to shareholder approval. In that role, he said his focus would shift to long-term strategy, culture, leadership development, and ethics and governance, rather than daily execution.

ESOP impact: unvested options to return to the pool

One of the most concrete parts of the transition is compensation-related: the shareholder letter disclosed that all of Goyal’s unvested employee stock options will revert to the ESOP pool. The company said this would help keep incentives available for future leaders “without incremental shareholder dilution.”

Why Deepinder Goyal is stepping aside now?

In his explanation, Goyal said he has increasingly been drawn toward exploring higher-risk ideas that are better pursued outside a public company. He also pointed to the expectations and regulatory demands that come with being CEO of a listed company in India as requiring singular focus.

Why Blinkit sits at the centre of the new structure

In the same communication, Goyal described Blinkit as Eternal’s largest growth opportunity, and noted that its path from acquisition to breakeven happened under Dhindsa’s leadership.

What stays the same?

Eternal said its decentralised model, with individual CEOs running each business, will continue unchanged, even as the group CEO seat changes hands. The company’s rebrand from Zomato Ltd to Eternal was positioned as reflecting its broader structure across food delivery, quick commerce and B2B supply.

With the February 6 disclosure, the company is effectively closing the loop on the January announcement, moving from a headline leadership change to a formally documented, regulator-facing transition. The filing was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, and enclosed Goyal’s signed resignation letter dated January 21, 2026.

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