Date: July 9, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Auditor’s Report

Auditor Name: Ford Rhodes Parks & Co. LLP, Chartered Accountants

Firm Registration No: 102860W/W100089

Location: Mumbai

Type of Opinion: Limited Assurance Report for Special Purpose

Nature of Engagement: Verification of compliance with Regulation 169(4) and 169(5) of SEBI ICDR Regulations regarding preferential allotment

Key Findings: Confirmed that the company received consideration amount from the allottee's bank account with no circulation of funds or mere passing of book entries

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Preferential Allotment Details:

  • Zee Media Corporation Limited issued 14,00,00,000 (Fourteen Crores) fully convertible Warrants on 25 June 2026
  • Each warrant convertible into one equity share of face value ₹1 at an issue price of ₹8.50
  • On 30 June 2026, the company allotted 3,00,00,000 (Three Crores) fully paid-up Equity Shares upon conversion of warrants
  • The allotment was made to Foreign Portfolio Investors falling into Public Category (Non-Promoter/Non-Promoter Group entity)
  • Total consideration received: ₹19,12,50,000 (Nineteen Crore Twelve Lakh Fifty Thousand)
  • The transaction was approved by Board resolution passed through circulation on 25 June 2026 (warrant issuance) and 30 June 2026 (share allotment)

Regulatory Compliance:

  • The company submitted certificate from statutory auditors confirming compliance with Regulation 169(4) of SEBI ICDR Regulations
  • Regulation 169(4) requires that consideration amount received against allotment is from the allottee's bank account with no circulation of funds
  • The certificate was submitted to National Stock Exchange of India Limited and BSE Limited

Verification Process:

  • Auditors obtained certified true copies of Board resolutions
  • Verified bank statements for 30 June 2026 to confirm receipt of funds
  • Confirmed that funds were received from the allottee's bank account
  • Verified that there was no circulation of funds or mere passing of book entries