Zee Media Corp: Corrigendum to EGM Notice on Preferential Issue

Zee Media Corporation Ltd has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice dated May 18, 2026. This corrigendum, dispatched on June 2, 2026, clarifies the 'Objects of the Preferential Issue' as advised by NSE. The preferential issue aims to raise up to ₹1,190 Crores. The funds will be utilized for payment of current liabilities (marketing payouts, transponder payments, working capital facility repayment, other short-term liabilities), capital expenditure (broadcast equipment, newsroom upgrade, asset replacement), and general corporate purposes (including potential subsidiary funding). The EGM is scheduled for June 13, 2026, via video conferencing.