Zee Group

Zee Group founder tells appellate tribunal he was 'vilified' over reports on repayment proposal; lenders object to statements intended for media publication

Five-member bench finds no definitive majority in earlier proceedings, stays approval of Chandra's repayment plan and bars him from transferring properties

Subhash Chandra's repayment plan was backed by creditors holding 80.81 per cent of voting value, despite objections from several banks and institutional lenders

The tribunal permitted Zee and Punit Goenka to complete the preferential warrant issue subject to payment of penalties, but the Sebi-imposed market debarment will continue

Zee Entertainment said Nykaa had used several of its copyrighted songs in reels to promote products to millions of followers

The regulatory scrutiny was a key obstacle to Zee's merger with Sony, which was abandoned in January 2024 after two years of legal disputes

Revenue from operations fell 13.94 per cent to ₹1,849.8 crore from ₹2,149.5 crore in Q1 FY25

Zee Entertainment shares fell 3.1% after shareholders rejected a proposal to increase the promoter family's stake. The company's fundraise plan via convertible warrants also failed to secure approval

Essel Group promoters expect to recover dues and invest Rs 2,237 crore through convertible warrants, potentially increasing stake in ZEEL to 18.39 per cent

While 25 per cent of the warrant price is to be paid upfront, the balance 75 per cent is to be paid on conversion

Media firms face continued pressure on advertising revenues as weak consumption, cautious spending and content fatigue weigh on recovery in early FY26

ZEE share price: In its base-case scenario, CLSA has pegged ZEE share price target at ₹170, an upside potential of 70 per cent from current levels

The matter pertains to alleged violations of LODR regulations

2024 was a year of churn - and a big loss - but it was also when India made decisive strides in infrastructure and defence self-reliance

It comprises 3.5 to 5 million influencers, two large media-tech platforms (Google and Meta) and a bevy of digital agencies

Stock rises after shareholders reject Punit Goenka's reappointment as a director

The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, according to a regulatory filing by the company. The filing by Zee Entertainment Enterprises Ltd (ZEEL) stated that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted against the resolution. "Resolution No. 3 (Goenka's reappointment) failed to get the requisite majority of votes as required under the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015," ZEEL said. This is a major setback for Goenka who is currently the CEO of the company. Several proxy firms had earlier advised the shareholders to vote against resolution number three. However, the three other .

ZEE Entertainment CEO Punit Goenka, who resigned from the post of Managing Director last week, has also withdrawn himself from reappointment for the post in the coming AGM, according to an exchange filing. While sharing Goenka's resignation letter to exchanges on Saturday, Zee Entertainment Enterprises Ltd (ZEEL) said he is "withdrawing his consent for his re-appointment as Managing Director of the company as proposed in the Notice of the ensuing Annual General Meeting. Earlier on October 18, 2024, the ZEEL board approved the proposal for Goenka's reappointment for a five-year term, effective from January 1, 2025, to December 31, 2029. Goenka's present tenure as Managing Director & CEO of the company was scheduled to finish at the 2024-end. Goenka's re-appointment was subject to approval from the shareholders, in the coming AGM, which is scheduled to be held on November 28. However, on November 18 Punit Goenka, son of media baron Subhash Chandra, resigned as the Managing Director .

Zee Entertainment stock rose 9% in intra-day deals on Tuesday, and was on the verge of confirming a breakout on the daily chart yet again in 2024. The last 3 breakouts turned out be false, show charts

Punit Goenka has resigned as the Managing Director of Zee Entertainment and has been appointed as CEO to have his focus entirely on operational responsibilities assigned to him by the board of the company. The board has "accepted the resignation of Punit Goenka as Managing Director of the Company and appointed him as CEO," said Zee Entertainment in a regulatory update. Mukund Galgali, Chief Financial Officer of Zee Entertainment, will assume the role of Deputy Chief Executive Officer of the Company, it added. Goenka's resignation as MD was effective from close of the business hours on November 18, and he was appointed as CEO the same day. The change would be like the existing full-time employment for Goenka, however the variable portion of his salary (40 per cent) will be paid to him only on achievement of certain milestones, subject to a maximum cap as defined by the Board, according to the statement. ZEE said: "With this step, he intends to dedicate his time entirely towards th