Zee Media Corporation Limited has allotted 14,00,00,000 (Fourteen Crores) fully convertible warrants to three Foreign Portfolio Investors (Non-Promoter/Non-Promoter Group entities) on a preferential basis.

The allotment was made pursuant to:

  • Board resolution dated May 18, 2026
  • Special resolution passed by members at Extra Ordinary General Meeting held on June 13, 2026
  • In-principle approval from NSE (Letter No. NSE/LIST/55366 dated June 12, 2026)
  • In-principle approval from BSE (Letter No. LOD/PREF/MV/FIP/374/2026-27 dated June 12, 2026)
  • Board resolution dated June 25, 2026

Financial Details

  • Warrant Issue Price: ₹8.50 per warrant (inclusive of both Warrant Subscription Price and Warrant Exercise Price)
  • Total Issue Size: ₹1,19,00,00,000 (Rupees One Hundred and Nineteen Crores Only)
  • Subscription Price Received: 25% of Warrant Issue Price, i.e., ₹2.125 per warrant
  • Total Amount Received: ₹29,75,00,000 (Rupees Twenty-Nine Crores Seventy-Five Lakhs Only)

Allottee Details

| No. | Allottee Name | Subscription Price Received (₹) | Warrants Allotted |

| 1 | Magnifica Global Opportunities VCC-MGO High Conviction Fund Incorporated VCC Sub-Fund | 9,56,25,000 | 4,50,00,000 |

| 2 | Minerva Ventures Fund | 9,56,25,000 | 4,50,00,000 |

| 3 | Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund | 10,62,50,000 | 5,00,00,000 |

| Total | | 29,75,00,000 | 14,00,00,000 |

Conversion Terms

  • Conversion Period: Maximum 18 months from date of allotment (June 25, 2026)
  • Warrant Exercise Price: ₹6.375 per warrant (75% of Warrant Issue Price)
  • Conversion Ratio: 1 Warrant = 1 Equity Share of face value ₹1 each
  • Total Share Price: ₹8.50 per share (including premium of ₹7.50 per share)
  • The amount paid against each Warrant will be adjusted against the issue price for the resultant Equity Shares

Shareholding Impact

Current shareholding of allottees as on May 14, 2026 (on fully diluted basis):

  • Magnifica: 3,69,645 shares (0.05%)
  • Minerva Ventures: 15,00,000 shares (0.20%)
  • Sun India Opportunities: Not previously held

Projected shareholding post full conversion:

  • Magnifica: 4,53,69,645 shares (5.04%)
  • Minerva Ventures: 4,65,00,000 shares (5.16%)
  • Sun India Opportunities: 5,00,00,000 shares (5.55%)

Important Conditions

  • The price of Warrants and number of Equity Shares are subject to appropriate adjustments as permitted under applicable laws
  • Unexercised Warrants after 18 months shall lapse, and the subscription amount paid shall stand forfeited
  • There is no change in the paid-up share capital of the Company at this stage
  • The issue was made in accordance with Companies Act, 2013, Companies (Prospectus and Allotment of Securities) Rules, 2014, and SEBI ICDR Regulations