Zee Entertainment Enterprises Ltd News

Television still a 900 mn-people medium: Zee Entertainment CEO Punit Goenka

Says nothing is too late in the media and entertainment industry. If you get the content right, the audience will follow

Zee Entertainment Q3 results: Consolidated net profit up 180% at Rs 163 cr

The company's advertising revenue dropped by 8 per cent to Rs 940.6 crore in Q3FY25 on a Y-o-Y basis but increased by 4 per cent on a sequential basis

Zee Ent Q3 results: Profit soars 180% to Rs 164 cr, revenue down 8%

Zee Entertainment Q3FY25 results: Sequentially profit dropped by 22% and revenue rose by 4%

Q3 results today: Ultratech, HPCl, Zee among 59 to post earnings on Jan 23

Q3FY25 company results, January 23: Two Adani entities including Adani Energy Solutions and Adani Green Energy will release results for the Oct-Dec quarter today

ZEE share price zooms 7% today; what's behind the rally in weak market?

ZEE share news: The surge in ZEE shares today came on news that market regulator Sebi has rejected a settlement application filed by Zee Entertainment Enterprises and Punit Goenka

Sebi quashes Zee, Punit Goenka's settlement plea; expands investigation

The matter pertains to alleged violations of LODR regulations

NFRA slaps a penalty of Rs 2 crore on Deloitte Haskins for ZEEL audit

NFRA found that ZEEL had misappropriated its money and made unauthorised transactions with related parties without the approval of the audit committee, the board, and shareholders

Zeel's shareholders want a professional to lead the company: Proxy advisors

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

Zee Ent up 8% as shareholders reject proposal to reappoint Punit Goenka

The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, as per its regulatory filing

ZEEL shareholders reject proposal to reappoint Punit Goenka as 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 .

Arbitral tribunal rejects Zee Entertainment's claims against PSU RailTel

Zee Entertainment and its subsidiary Margo Networks have lost their claims in the arbitration against Navratna PSU RailTel Corporation of India. An arbitration tribunal -- formed over the dispute over the termination of the contract for content-on-demand (COD) by the PSU -- rejected the claim of Margo Networks. "This is to inform you that the Arbitral Tribunal vide its Arbitral Award has rejected the said claims filed by the Company and Margo against Railtel," according to a regulatory filing from Zee Entertainment. Zee Entertainment Enterprises Ltd (ZEEL) and its subsidiary had initiated arbitration proceedings, opposing "wrongful termination of the Content on Demand Agreement" by Railtel, and claimed the amounts wrongfully forfeited by the public sector undertaking. Further, the Arbitral Tribunal has also rejected the counterclaims made by Railtel, it added. "The company is evaluating the option of filing an application/appeal before the appropriate Court for setting aside of th

Punit Goenka withdraws from reappointment for ZEEL MD in upcoming AGM

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 .

Breakout Alert: Can Zee stock be 4th time lucky? Key levels here

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

ZEE gains 7% after Punit Goenka resigns as MD to take over reins as CEO

Thus far in calendar year 2024, the market price of ZEE has more-than-halved, or tanked 56 per cent, as compared to the 8 per cent rise in the BSE Sensex

Market crash: Over two-thirds of mid, small-cap stocks in bear territory

The fall from peak levels in these segments, according to Gaurang Shah, senior vice-president at Geojit Financial Services has also been account of earnings disappointment besides amid high valuations

Punit Goenka asks ZEEL board to relieve him from managing director position

He intends to dedicate his time and energy towards the set goals for the company's future, ZEE Entertainment Enterprises said in a press release

ZEEL Board puts higher targets for MD Punit Goenka for re-appointment

The board of Zee Entertainment Enterprises Ltd (ZEEL) has enhanced the performance targets for its MD and CEO Punit Goenka for his re-appointment, according to a regulatory filing by the company. In its meeting held on Friday, the board of ZEEL "considered and approved higher targets to evaluate the performance of Punit Goenka which includes Quarterly Consolidated Revenue Outlook for next 4 quarters (commencing Q3FY25), Quarterly Consolidated EBITDA Outlook for next 4 quarters (commencing Q3FY25) and payout of 25% of consolidated net profits as dividend to the shareholders of the Company." Now the board will track the performance of Punit Goenka based on the above-mentioned targets, it said. Earlier on October 18, 2024, the board of ZEEL approved the proposal for Goenka's re-appointment for a five-year term, which will be effective from January 1, 2025, to December 31, 2029. However, Goenka's re-appointment would be subject to approval from the shareholders, it added. Moreover, th

Zee Media Corp Q2 results: Net loss widens to Rs 49.86 cr, revenue down 13%

Private news broadcaster Zee Media on Friday said its consolidated net loss widened to Rs 49.86 crore for the second quarter ended September 2024. The company had posted a net loss of Rs 30.70 crore during the July-September quarter of the previous fiscal, according to a regulatory filing from Zee Media Corporation Ltd (ZMCL). Its revenue from operations fell 13.78 per cent to Rs 130.70 crore during the quarter under review. It was Rs 151.59 crore in the corresponding period of the previous fiscal. ZMCL's total expenses were Rs 199.65 crore, up 1.64 per cent, in the September quarter. The total income of Zee Media, which includes other income, also declined 13.43 per cent to Rs 133.12 crore. Its advertising revenue slipped 16.3 per cent to Rs 119.22 crore, while subscription revenue rose 26.7 per cent to Rs 11.43 crore in the September quarter. ZMCL is one of the leading news networks in India. Formerly known as Zee News Ltd, it operates about 20 TV news channels. Shares of Zee

Zee Entertainment falls 8% in 3 days on mixed Q2 nos; hits over 4-year low

Zee's revenues have continued their declining trend as ad revenue growth remained underwhelming, declining by another 7.9 per cent YoY during the second quarter

Zee Entertainment Q2FY25 results: Net profit up 70% at Rs 209 crore

Revenue declines 18% due to 'muted advertising spending environment'