Zee Media Corporation Limited has informed the Exchange regarding Corrigendum to Notice of Postal Ballot dated July 29, 2025
ZEEMEDIA · price
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Zee Media Corporation has issued a corrigendum to its Postal Ballot Notice dated July 29, 2025, to fix typographical errors on pages 11 and 14 of the Notice. The corrections apply to Agenda Items 2 and 3, which relate to the re-appointment of the Whole-time Director (Mr. Dinesh Kumar Garg) and the payment of commission to Non-Executive Directors. Financial performance figures originally labelled 'Rs. in Lakhs' should now be read as 'Rs. in Million', meaning the actual values are 10 times higher than originally shown. More significantly, the Basic and Diluted EPS figures, originally shown as positive, should now be read as negative, indicating the company has been posting losses rather than profits. E-voting for the Postal Ballot is currently underway from August 1, 2025 (9:00 AM) to August 30, 2025 (5:00 PM), and shareholders are advised to refer to the corrected Notice before casting their votes.
The corrigendum materially alters the company's financial picture — Zee Media's EPS has actually been negative (loss-making) and its financial figures are 10x larger than originally printed. Shareholders should weigh the company's loss-making status carefully before approving director remuneration and commission-related resolutions.