zee entertainment has approved an additional investment of up to ₹100 Crore in the Optionally Convertible Debentures (OCDs) of its subsidiary, ZBullet Enterprises Limited (ZBEL). The approval was granted during its board meeting held on May 19, 2026.

Investment Details

The company has agreed to invest the amount in one or more tranches, subject to terms and conditions agreed upon between the entities. The investment will be made through cash consideration to support ZBEL's ongoing business requirements and general administrative purposes. Following this transaction, ZBEL will remain a subsidiary of the company.

About ZBullet Enterprises Limited

ZBEL was incorporated on June 12, 2025, with the primary objective of launching a micro drama app named 'Bullet' that offers short-form content. The entity is classified as a related party transaction as it is a subsidiary of Zee Entertainment, although the promoters hold no interest in the investment. The transactions are conducted on an arm's length basis.

Financial and Operational Overview

The subsidiary reported a turnover of ₹34 million for FY 26. As it was incorporated during the current financial year, this represents its first year of operations. No specific governmental or regulatory approvals are required for this investment.

Zee Entertainment Enterprises Limited disclosed the resignation of two senior management personnel on May 15, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both BSE Limited and the National Stock Exchange of India Limited of the development. Both resignations were cited as being on account of personal reasons.

Senior Management Departures

The two departing executives are Mr. Umesh Kumar Bansal, who served as Chief Business Officer — Zee Studios, and Ms. Laxmi Shetty, a long-serving senior management personnel of the company. The disclosures were made in accordance with SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Copies of the respective resignation letters were submitted as annexures to the regulatory filing.

The key details of both resignations, as disclosed under Regulation 30, are summarised below:

Details of Resignations

Mr. Umesh Kumar Bansal, in his resignation letter addressed to CEO Punit Goenka, noted that he had spent more than 10 years with the organisation and expressed gratitude for the trust, mentorship, and support received during his tenure. He confirmed his commitment to ensuring a smooth transition and supporting continuity of business. His resignation was accepted by Mr. Punit Goenka, Chief Executive Officer, on May 15, 2026.

Ms. Laxmi Shetty, in her resignation letter dated May 13, 2026, stated that after 21 years at Zee Entertainment Enterprises Limited, she was tendering her resignation on account of personal reasons. She noted that she had already completed the handover to Sandeep as advised by management, and confirmed her commitment to fulfilling any further assistance required during her notice period of 180 days. Her last working day is stated to be November 9, 2026. Mr. Punit Goenka accepted her resignation on May 15, 2026.

Regulatory Compliance

The disclosure was signed by Ashish Agarwal, Company Secretary (FCS6669), on behalf of Zee Entertainment Enterprises Limited. The filing confirms compliance with the applicable SEBI listing regulations governing the disclosure of changes in senior management personnel.