EGM Details

  • Meeting Date: Friday, July 31, 2026 at 4:00 PM
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date: Friday, July 24, 2026 for determining shareholder eligibility
  • Remote e-voting Period: Monday, July 27, 2026 (9:00 AM) to Thursday, July 30, 2026 (5:00 PM)
  • Scrutinizer: Ms. Vinita Nair (Membership No. F10559), Joint Managing Partner, M/s. Vinod Kothari & Company

Item 1: Preferential Warrant Issue to Promoter Group

Quantitative Details

  • Total Warrants: Up to 24,94,85,563 (24.95 crore) fully convertible warrants
  • Warrant Issue Price: ₹126 per warrant (₹31.50 upfront + ₹94.50 exercise price)
  • Total Issue Size: ₹3,143,51,80,938 (₹3,143.52 crore)
  • Conversion Ratio: 1 warrant = 1 equity share of face value ₹1 each
  • Conversion Period: Maximum 18 months from allotment date
  • Relevant Date: July 1, 2026 for pricing calculation

Pricing Details

  • Floor Price as per SEBI ICDR: ₹112.64 per warrant
  • Premium to Regulations: 11.86% above SEBI ICDR price
  • Premium to CMP: 16.33% above July 1, 2026 closing price
  • Premium to 90-day VWAP: 28.61% above 90-day volume weighted average price

Allottee Information

  • Proposed Allottee: Sunbright Mauritius Investments Limited (Promoter Group Entity)
  • Current Holding: Nil shares (0%)
  • Post-issue Holding: Up to 20.61% after full conversion
  • Promoter Group Holding Change: From 3.99% to 23.79% post-conversion

Fund Utilization Plan (₹ crore)

| Initiative | FY27 | FY28 | FY29 | Total | Purpose |

| Sports Rights & Content | 200 | 150 | 100 | 450 | Cricket, football, kabaddi rights & infrastructure |

| Digital Content & Technology | 100 | 200 | 150 | 450 | AI adoption, VFX enhancement, AdTech stack |

| Micro-drama (Bullet) | 100 | 100 | 100 | 300 | AI platform, creator ecosystem, gamification |

| Kids Edutainment & Animation | 100 | 100 | 100 | 300 | Original IP creation, distribution expansion |

| Potential M&A | 944 | - | 944 | 1,888 | Music content, digital platforms, VFX services |

| Total Strategic Deployment | 1,444 | 550 | 1,394 | 3,388 | +/- 10% variance permitted |

Monitoring and Compliance

  • Monitoring Agency: CARE Ratings Limited appointed for fund utilization monitoring
  • Quarterly Reports: Required until 100% funds utilized, uploaded to company website
  • Valuation Report: By Excedor Valuers Private Limited (IBBI/RV-E/02/2020/130)
  • Compliance Certificate: By Ms. Vinita Nair, Company Secretary

Capital Structure Impact

  • Pre-issue Capital: 96,05,19,420 equity shares
  • Post-issue Capital: 121,00,04,983 equity shares (assuming full conversion)
  • Dilution: 20.61% to allottee, overall dilution of 20.63%

Item 2: Employee Stock Option Plan (ESOP)

ESOP Details

  • Plan Name: ZEE Entertainment Enterprises Limited - 'Truly Yours' - Employee Stock Option Plan
  • Total Options: 3,74,22,835 options (3.90% of current paid-up capital)
  • Exercise Price: ₹126 per option
  • Vesting Period: 4 years (25% each anniversary)
  • Exercise Period: 4 years from vesting date
  • Eligibility: Employees excluding promoters, >10% shareholders, independent directors

Grant Limits

  • Annual Limit per Employee: Maximum 1% of issued capital
  • Performance Criteria: Minimum rating of 3, functional targets, other Committee-determined parameters

Item 3: ESOP Extension to Subsidiaries

  • Extension of 'Truly Yours' ESOP plan to employees of subsidiary companies
  • Requires separate shareholder approval under Regulation 6(3)(c) of SEBI SBEB Regulations

Financial Impact

  • Warrant Issue: Potential cash inflow of ₹3,143.52 crore over 18 months
  • ESOP Impact: Accounting treatment as per IND-AS 102, expense recognition in P&L
  • Interim Fund Usage: Permitted in money market instruments, bank deposits, government securities

Voting Arrangements

  • Remote e-voting: Through NSDL platform from July 27-30, 2026
  • Meeting Attendance: Via VC/OAVM with 1,000 member limit (first-come basis)
  • Institutional Shareholders: Required to submit board resolutions for voting authorization

Documents Available

  • Notice available on company website: www.zee.com
  • Valuation report available at: https://assets-prod.zee.com/wp-content/uploads/2026/07/ZEEL-Valuation-Report-July-2026-Signed.pdf
  • Compliance certificate available at: https://assets-prod.zee.com/wp-content/uploads/2026/07/Compliance-Certificate-Zee01072026signed.pdf