Zee Entertainment Enterprises Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Resignation of Senior Management Personnel
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Two senior management personnel of Zee Entertainment Enterprises Limited have tendered their resignations citing personal reasons. Mr. Umesh Kumar Bansal, Chief Business Officer - Zee Studios, who spent over 10 years with the company, will leave effective May 31, 2026. Ms. Laxmi Shetty, with an impressive 21-year tenure at ZEEL, will depart effective November 9, 2026, after serving her 180-day notice period. Both resignations have been accepted by CEO Punit Goenka. Laxmi Shetty has already completed her handover to a person named Sandeep as advised by management. The departures are amicable with the CEO expressing gratitude for their long service and contributions to the organisation.
The departure of two long-serving senior executives, particularly the Chief Business Officer of Zee Studios, could create a short-term leadership gap in key business functions. However, given the extended notice period for one executive and completed handover for the other, the operational impact may be contained. Investors should monitor for replacement appointments, especially for the Zee Studios business head role.