Zee Media Corporation Limited
Zee Media Corporation Limited is an Indian News organization with interests in Global, National, and Regional News channels and Digital News Publishing.
What Zee files
- Others93
- Board Meeting19
- Important17
- Updates7
- QIP/Rights/Pref.5
- Insider Trade1
ZMCL reported Q1 consolidated revenue of ₹190.85 Cr (+4.7%) & operating profit (EBITDA) of ₹16.26 Cr (-17.8%). Advertising revenue jumped 47.7%, but other sales plunged 100%. Company targets strategic shift to diversified revenue streams, strengthening brands & digital. #ZMCL
Company approved issuing up to 14 Cr warrants at Rs. 8.50 each, totaling Rs. 119 Cr, to non-promoter investors. Also re-appointed Independent Director Swetha Gopalan for a second 5-year term. Both actions require shareholder approval.
Zee Media faces a commercial suit for alleged copyright infringement, claiming ₹18.11 Cr plus 18% interest. The company believes no financial implications are expected and is defending the matter.
Zee Media: Three FPIs have opted not to convert their 13.33 crore warrants, valued at nearly Rs 200 Cr, into shares. This impacts the planned capital infusion.
Zee Media is engaged in a pre-mediation dispute over alleged copyright infringement. An opposing party claims ₹18.11 Cr plus 18% interest, but the company expects no financial impact and will defend the matter.