Zee Entertainment Enterprises Limited has informed the Exchange about Corrigendum to the Notice of Extra Ordinary General Meeting of the Company scheduled to be held on July 10, 2025
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Zee Entertainment Enterprises (ZEEL) has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for July 10, 2025, to be held via video conferencing. The corrigendum provides revised and additional details related to a proposed Preferential Issue of convertible Warrants to members of the Promoter Group, namely Altilis Technologies Private Limited and Sunbright Mauritius Investments Limited. As per the revised terms, issue proceeds will be received within 18 months of warrant allotment and utilized within 24 months of receiving funds. The post-issue promoter shareholding is expected to rise sharply from 3.99% to 18.39% (assuming full conversion of warrants), while total shares will increase from 96.05 crore to 113.00 crore. All other contents of the original EGM notice remain unchanged.
This corrigendum reinforces that the EGM agenda centres on a significant promoter-group capital infusion via convertible warrants, which would substantially increase promoter ownership. Shareholders should review the revised shareholding pattern and proposed allottee details before voting at the July 10, 2025 EGM.