ZEEMEDIA · price
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Awaiting price reaction for this filing.
Zee Media Corporation filed the Monitoring Agency Report from CARE Ratings Limited for Q4FY25, covering its Rs. 200 crore preferential issue of fully convertible equity share warrants done in October–November 2024. The proceeds were earmarked for current liabilities (Rs. 125 crore), capital expenditure (Rs. 25 crore), and general corporate purposes (Rs. 50 crore). No new funds were called or utilized during the January–March 2025 quarter, so there was zero activity in this period. Of the Rs. 200 crore issue, only Rs. 50 crore (25%) has been received so far and was fully utilized by December 31, 2024, with Rs. 48.64 crore going toward paying current liabilities. The balance Rs. 150 crore (75%) is expected within 18 months of the November 7, 2024 allotment date. The report noted no deviation from stated objects but flagged that Zee Media has been loss-making at the profit-after-tax level for the past three years, with losses continuing into the first nine months of FY25.
This is a routine compliance filing with no negative surprises on use of funds — proceeds are being deployed as planned. However, investors should note the slow pace of warrant conversion (only 25% called so far) and the continued profitability concerns flagged by the monitoring agency, which could weigh on sentiment.