Eternal Limited Statement on Implementation of the Code on Social Security, 2020

Eternal Limited has released a statement regarding the implementation of the Code on Social Security, 2020 (CoSS). The company welcomes the government’s efforts to simplify and modernize labor laws, which will benefit gig workers. Eternal emphasizes its commitment to the well-being of gig workers by providing comprehensive insurance and welfare benefits. The company anticipates no detrimental financial impact from these rules.

Embracing Labor Reforms

Eternal Limited welcomes the consolidation of 29 central laws into four Labour Codes, viewing it as a major systems reform. The company believes the Government of India’s focus on simplifying and modernizing the labor framework provides clearer, more uniform, and consistent rules, benefitting both the country and its ecosystem.

Supporting Gig Workers

The Code on Social Security, 2020 (CoSS), is expected to strengthen social security access for gig workers across the country, including those associated with Zomato and Blinkit. Eternal Limited highlights the uniformity the new code provides for gig workers, improving the ease of doing business for platforms and marking a step in the right direction.

Commitment to Well-being

Eternal Limited emphasizes its commitment to the well-being of gig workers, and already provides a range of comprehensive insurance and welfare benefits free of cost. They are committed to supporting further improvements for gig workers and welcome this announcement.

Financial Outlook

While the exact financial and operational impacts of CoSS will become clearer once the corresponding Rules are notified, Eternal Limited has been engaging with the Government and providing inputs throughout this process. The company does not anticipate detrimental financial impacts and has been planning for social security-related contributions for some time.

The statement was released on November 22, 2025.

Source: BSE

InvestyWise News
InvestyWise News
Covers market-moving news with speed and precision, delivering sharp insights to help readers stay ahead in the fast-paced world of stocks.

Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!