Disclosure under Regulation 30 of SEBI Listing Regulations
Key Quantitative Figures
- Number of Warrants Allotted: 2,40,59,266 (Two Crore Forty Lakh Fifty Nine Thousand Two Hundred Sixty Six)
- Warrant Issue Price: ₹126 per warrant (inclusive of Warrant Subscription Price of ₹31.50 and Warrant Exercise Price of ₹94.50)
- Amount Received: ₹75,78,66,879 (Rupees Seventy Five Crore Seventy-Eight Lakh Sixty Six Thousand Eight Hundred Seventy Nine Only) as 25% Warrant Subscription Price
- Potential Equity Shares upon Conversion: 2,40,59,266 equity shares of face value ₹1 each
- Conversion Premium: ₹125 per share
- Conversion Period: Maximum 18 months from allotment date (August 27, 2026)
Dates of Action
- Board Meeting Date: July 1, 2026
- EGM Date: July 31, 2026
- Stock Exchange Approval Dates: July 27, 2026 (NSE Letter No. NSE/LIST/56250 and BSE Letter No. LOD/PREF/PB/FIP/569/2026-27)
- Securities Appellate Tribunal Order Date: August 27, 2026
- Allotment Committee Resolution Date: August 27, 2026
- Allotment Date: August 27, 2026
Parties Involved
- Allottee: Sunbright Mauritius Investments Limited (Promoter Group entity)
- Regulatory Authorities: BSE Limited, National Stock Exchange of India Limited, Securities Appellate Tribunal
- Committee: Preferential Issue and Allotment Committee of Zee Entertainment Enterprises Limited
Capital Structure Impact
As the company has allotted convertible warrants rather than equity shares, there is no immediate change in the paid-up share capital of the company. The capital impact will occur only upon conversion of warrants into equity shares.
Shareholding Pattern Impact
Upon full conversion of all warrants:
- Sunbright Mauritius Investments Limited would hold 2,40,59,266 additional equity shares
- This would represent a 1.40% increase in the promoter's holding on a fully diluted basis
- The promoter's total holding would reach 20,94,47,805 shares (17.90% of fully diluted capital)
Note: The percentage holding calculation assumes that all currently outstanding convertible warrants of the company will be fully converted into equity shares.
Conversion Terms
- Warrants can be converted in one or more tranches within 18 months from allotment date
- Upon conversion, each warrant entitles the holder to one fully paid-up equity share of ₹1 face value
- The Warrant Exercise Price of ₹94.50 (75% of issue price) must be paid for conversion
- The amount already paid against each warrant (₹31.50) will be adjusted against the issue price for the resultant equity shares
- Unexercised warrants after 18 months will lapse, and the subscription amount paid for such warrants will be forfeited
Pricing Methodology
The issue price was determined based on:
- Pricing Report and Valuation Report obtained from a Registered Valuer
- Compliance with Regulations 164(1) and 166A of SEBI ICDR Regulations
Additional Details
- Type of Issuance: Preferential Issue on private placement basis
- Number of Investors: 1 (One)
- Cancellation/Termination: Not Applicable