Key Quantitative Figures

  • Total warrants issued: 14,00,00,000 (Fourteen Crores)
  • Warrant issue price: ₹8.50 per warrant
  • Upfront payment percentage: 25% of warrant issue price
  • Upfront payment per warrant: ₹2.125
  • Total consideration received: ₹29,75,00,000 (Twenty-Nine Crore Seventy-Five Lakh)

Dates of Action

  • Board approval date: 18 May 2026
  • Shareholder approval date: 13 June 2026 (Extra-Ordinary General Meeting via VC/OVAM)
  • Auditor engagement date: 23 June 2026
  • Certificate issuance date: 25 June 2026

Parties Involved

  • Issuer: Zee Media Corporation Limited ('Company'/'Issuer')
  • Statutory Auditors: Ford Rhodes Parks & Co. LLP, Chartered Accountants (Firm Registration No: 102860W/W100089)
  • Allottees (Foreign Portfolio Investors, Non-Promoter/Non-Promoter Group entities):

1. Main Opportunities VCC-MGO High Conviction Fund Incorporated VCC Sub-Fund - 4,50,00,000 warrants - ₹9,56,25,000 received on 25 June 2026 via ICICI Bank

2. Minerva Ventures Fund - 4,50,00,000 warrants - ₹9,56,25,000 received on 25 June 2026 via ICICI Bank Limited

3. Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund - 5,00,00,000 warrants - ₹10,62,50,000 received on 23 June 2026

  • Stock Exchanges: National Stock Exchange of India Limited (NSE Symbol: ZEEMEDIA) and BSE Limited (Scrip Code: 532794)

Auditor's Procedures and Conclusion

Ford Rhodes Parks & Co. LLP performed limited assurance procedures including:

  • Obtaining list of allottees and amounts from management
  • Examining company bank statements dated 23 June 2026 and 25 June 2026
  • Tracing payer names and amounts from bank statements
  • Conducting management inquiries and obtaining representations

The auditors concluded that the information in the annexure agrees with company records and nothing came to their attention indicating non-compliance with Regulation 169(4) and 169(5) of ICDR Regulations.

Restrictions

This report is solely for compliance with Regulation 169(5) and submission to stock exchanges. It does not cover other post-issue conditions required by ICDR Regulations and should not be used for any other purpose.