The Exchange had sought clarification from Zee Entertainment Enterprises Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
ZEEL · price
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NSE sought clarification from ZEE regarding procedural issues with its Q2 FY26 (quarter ended September 30, 2025) financial results filing, specifically about authorized signatory resolution, submission of legible copies, and XBRL discrepancies. The company clarified that board resolution for authorized signatory was already submitted on January 28, 2026, and financials were re-submitted on April 13, 2026. The filing also reveals ongoing SEBI investigation regarding vendor transactions, with a new show cause notice issued on August 7, 2025 against the company, a current KMP, and an ex-director related to alleged property lien for FY 2018-19. Additionally, JioStar has claimed USD 1,003 million in arbitration damages related to ICC broadcasting rights dispute, while the company has filed a counterclaim of USD 8.06 million. Separately, IDBI Bank has filed NCLT petition under IBC Section 7 for corporate insolvency against ZEE.
The procedural clarification addresses NSE compliance concerns, but investors should note multiple material legal contingencies including USD 1bn JioStar arbitration claim, ongoing SEBI investigation with settlement application under consideration, and IDBI Bank insolvency petition which the company states it will contest. Financial performance shows standalone H1 revenue of Rs 35,317 million with PAT of Rs 1,923 million.