Board Meeting18 May 2026, 09:01 pm
Zee Media to Issue ₹119 Cr Warrants, Reappoints Swetha Gopalan
AI Summary
Zee Media Corporation Ltd's board approved the issuance of up to 14 crore warrants at ₹8.50 each, totaling ₹119 crore, convertible into equity shares for non-promoter entities. The board also approved the re-appointment of Ms. Swetha Gopalan as an Independent Director for a second term of five years, commencing August 1, 2026. An Extra-Ordinary General Meeting (EGM) will be held on June 13, 2026, to seek shareholder approval for these matters.
Key Highlights
- Zee Media will issue up to 14 crore warrants at ₹8.50 each, totaling ₹119 crore.
- Warrants are convertible into equity shares for non-promoter entities.
- Swetha Gopalan re-appointed as Independent Director for five years from August 1, 2026.
- EGM scheduled for June 13, 2026, to approve warrant issuance and re-appointment.
- Warrant holders can apply for one equity share at ₹8.50 per share per warrant.
Price Impact
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