Zee Media Corporation Limited has informed the Exchange regarding Notice of Postal Ballot
ZEEMEDIA · price
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Zee Media Corporation Limited has dispatched a Postal Ballot notice to shareholders seeking approval for three special resolutions. The first is the re-appointment of Mr. Susanta Kumar Panda as Independent Director for a second 5-year term from September 1, 2025 to August 31, 2030. The second is the re-appointment of Mr. Dinesh Kumar Garg as Whole-time Director (Executive Director - Finance) for 3 years from September 20, 2025 to September 19, 2028, with a basic salary of Rs. 3.75 lakh per month, allowances up to Rs. 2.75 lakh per month, and performance-based variable pay up to Rs. 25 lakh annually. The third resolution seeks shareholder approval to pay commission to Non-Executive Directors (including Independent Directors) for three financial years starting FY 2025-26. The company has flagged that it has inadequate profits, so Mr. Garg's remuneration is being put to shareholder vote under Schedule V of the Companies Act. Remote e-voting will be open from August 1, 2025 to August 30, 2025, with the cut-off date set at July 25, 2025.
This is a routine governance exercise covering director re-appointments and director commission approval; shareholders should review Mr. Garg's remuneration package and the non-executive director commission structure before voting. The resolutions are not expected to materially move the stock, but voting outcomes will be disclosed after August 30, 2025.