SEBI order finds Zee Entertainment, Punit Goenka, and Subhash Chandra liable for unauthorized pledge of company property to secure ₹726 crore loans for promoter-related entities.
Violations include fraudulent scheme, failure to obtain audit committee approval for related-party transaction, and non-disclosure of material events and contingent liabilities.
Penalties include monetary fines totaling ₹1.48 crore and debarment from securities market for periods ranging from 2 to 12 months.