Zee Entertainment Warrant Allotment Compliance Certificate ₹659.76 Cr

Total warrants allotted: 20,94,47,805 (20.94 crore)
Warrant issue price: ₹126 per warrant (comprising ₹31.50 subscription price + ₹94.50 exercise price)
Upfront consideration received: ₹659,76,05,857.50 (₹659.76 crore) representing 25% of total issue price
Date of receipt: 21 August 2026

Board approval: 01 July 2026
Shareholder approval via EGM: 31 July 2026
Warrant allotment date: 21 August 2026 (by Preferential Issue and Allotment Committee)
Auditor's certificate date: 24 August 2026
Company submission to BSE: 24 August 2026

Issuer: Zee Entertainment Enterprises Limited
Allottee: Sunbright Mauritius Investments Limited (Promoter Group Entity)
Statutory Auditors: Walker Chandiok & Co LLP (Firm Registration No: 001076N/N500013)
Recipient Bank: ICICI Bank Limited
Allottee Bank: SBM Bank (Mauritius) Ltd
PAN of Allottee: ABKCS2544P
Company Secretary: Ashish Agarwal (FCS6669)
Auditing Partner: Anuj Chaudhary (Membership No.: 147657)

Obtained certified copy of board resolution dated 01 July 2026
Obtained certified copy of special resolution from EGM dated 31 July 2026
Obtained PAN details of allottee from management
Obtained details of warrant allotment and consideration received
Obtained certified copy of preferential issue committee resolution dated 21 August 2026
Obtained bank statements of company and allottee to verify fund receipt
Obtained inward remittance email from recipient's bank
Conducted management inquiries and obtained necessary representations

Based on procedures performed, nothing has come to the auditor's attention that causes them to believe that:

The consideration was not received from the allottee's bank account
Relevant documents including bank account statements are not maintained by the company as on 21 August 2026
The company has not complied with requirements of Chapter V of ICDR Regulations including sub-regulation (4) and (5) of Regulation 169

Certificate addressed solely to Board of Directors for compliance with Regulation 169(5)
Not to be used for any other purpose or distributed to any other party without prior written consent
Liability limited to the specific purpose of this certificate