Details of SAT Order

Background

  • Follows previous SAT order dated August 14, 2026 that granted partial stay on SEBI order and permitted appellant company to issue warrants to a promoter group entity within one week from order date
  • Miscellaneous application filed seeking extension for partial warrant issuance

Warrant Subscription Status

  • Total warrants: 24,94,85,563
  • Successfully subscribed within original timeline: 20,94,47,805 warrants
  • Warrants seeking extension: 2,40,59,266 warrants
  • Remaining unsubscribed warrants: 1,59,78,492 warrants

SAT Decision

  • SAT granted extension of one working day for issuance of 2,40,59,266 warrants
  • Extension granted due to technicality where subscription amount was deposited within timeline but credited to account the next day
  • Order dated: August 27, 2026
  • Order received by company: August 27, 2026

Legal Representation

  • For Zee Entertainment Enterprises Limited: Mr. Ravi Kadam, Senior Advocate with team from Trilegal
  • For Punit Goenka: Mr. P.N. Modi, Senior Advocate with team from Trilegal
  • For SEBI: Mr. Chetan Kapadia, Senior Advocate with team from M/s. K. Ashar & Co.

Financial Impact

  • As per disclosure: "NA" (not applicable/not quantifiable)
  • No monetary impact disclosed in the filing

Tribunal Composition

  • Justice P.S. Dinesh Kumar (Presiding Officer)
  • Ms. Meera Swarup (Technical Member)
  • Dr. Dheeraj Bhatnagar (Technical Member)

Company Signatory

  • Ashish Agarwal, Company Secretary (FCS6669)
  • Digitally signed on August 27, 2026 at 19:55:30 +05'30'