EGM notice for preferential warrants to promoter and new ESOP plan
ZEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zee Entertainment (ZEEL) has called an EGM on July 31, 2026 via video conferencing. Three special resolutions are on the table: (1) Issue up to 24.94 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments at Rs 126 each, aggregating up to about Rs 3,143.52 crore, with 25 percent upfront and conversion within 18 months; (2) Approve the new Truly Yours ESOP plan covering up to 3.74 crore options at Rs 126 per share; (3) Extend the ESOP plan to employees of subsidiary companies. Remote e-voting runs July 27-30, 2026, with cut-off date July 24, 2026.
Large potential dilution from warrants plus ESOP. Promoter group committing up to Rs 3,143 crore signals confidence but materially expands share count.