Zee Media Corporation Limited

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.

Zee Media Corporation Ltd's Board of Directors re-appointed Chandra Wadhwa & Co. as the Cost Auditors for the financial year 2026-27. The board also approved the annual audited financial results for the fourth quarter and financial year ended March 31, 2026, along with the auditor's report. Additionally, Nangia & Co, LLP, were appointed as the Internal Auditor for FY 2026-27. The re-appointment of the Cost Auditors is subject to shareholder ratification at the upcoming Annual General Meeting.

Zee Media Corporation Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the Standalone and Consolidated Annual Audited Financial Results for the fourth quarter and financial year ended March 31, 2026. The trading window for dealing in the company's equity shares, which was closed on March 31, 2026, will remain closed until 48 hours after the declaration of the results, i.e., until May 31, 2026.

Zee Media Corporation Ltd has announced an Extra Ordinary General Meeting (EGM) scheduled for June 13, 2026, to be held via video conferencing. The EGM will address special business, including the issue of fully convertible warrants on a preferential basis to non-promoter entities. The remote e-voting period will commence on June 10, 2026, and end on June 12, 2026.

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.

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 on a preferential basis. 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 will be held on June 13, 2026, to seek shareholder approval for these matters.

Zee Media Corporation Ltd's board re-appointed Ms. Swetha Gopalan as an Independent Director for a second term of five years, commencing August 1, 2026, and ending July 31, 2031. The board also approved the issuance of up to 14,00,00,000 warrants at ₹8.50 each, totaling up to ₹1,19,00,00,000, convertible into equity shares for public category entities on a preferential basis. An Extraordinary General Meeting will be held on June 13, 2026, to seek shareholder approval for both the warrant issuance and the re-appointment.

Zee Media Corporation Ltd has released a Monitoring Agency Report for the quarter ended March 31, 2026, as required under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report, issued by CARE Ratings Limited, monitors the utilization of proceeds from a preferential issue and confirms no deviations from the stated objectives. The Audit Committee and Board of Directors approved the report on May 14, 2026.

Zee Media Corporation Ltd has received notice of a commercial suit filed by Mr. Saumyajit Sen alias Ronny Sen before the Hon’ble Commercial Court at Rajarhat, Kolkata, alleging copyright infringement. The opposing party is claiming ₹18,11,25,000 along with 18% interest. Zee Media is taking legal counsel and defending the matter, with a preliminary assessment indicating no expected financial implications.

Zee Media Corporation Ltd has announced that a meeting of its Board of Directors is scheduled for May 18, 2026, to consider and approve proposals for fund raising. The fund raising may involve the issuance of equity shares or other securities convertible into equity shares through various permissible modes, including private placement or preferential issue. The decision is subject to necessary approvals, including those from the company's members and regulatory bodies. The trading window for dealing in the company's securities is closed since April 1, 2026, and will remain closed until 48 hours after the declaration of the Annual Audited Financial Results for FY 2025-26.