Zee Learn was fined ₹5,000 each by the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for non-compliance with board composition requirements. The penalty was imposed due to the absence of a woman director for a single day, violating Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors took note of the communications received from the exchanges on May 27, 2026, during its meeting on May 29, 2026.

The fines were levied in accordance with a SEBI circular dated January 22, 2020, which outlines the Standard Operating Procedure for suspension and revocation of trading. The Board characterized the non-compliance as technical and noted that the period of violation was minimal. The company has since brought its board composition into full compliance with the relevant regulations.

Details of the Violation

The specific breach involved the composition of the Board of Directors, particularly the lack of a woman director for one day. The exchanges acted upon this violation by imposing the monetary penalties.

Following the incident, the Board directed the strengthening of internal monitoring mechanisms to prevent the recurrence of such non-compliance. The company confirmed that the matter has been resolved and the board structure is now compliant.

Zee Learn has informed stock exchanges of an upcoming Board of Directors meeting scheduled for Friday, May 22, 2026, pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting has been called to consider and approve the audited financial results for the quarter and year ended March 31, 2026, covering both standalone and consolidated accounts.

Board Meeting Details

The following key details pertain to the scheduled board meeting and associated regulatory requirements:

Trading Window Closure

As communicated by the company vide its earlier letter dated March 30, 2026, the trading window was closed effective April 1, 2026. It will remain closed until 48 hours after the declaration of results, i.e., until May 24, 2026 (inclusive of both days). This closure is in compliance with applicable SEBI regulations governing insider trading restrictions around the announcement of financial results.

The intimation was signed by Anil Gupta, Company Secretary and Compliance Officer of Zee Learn, and was submitted to both BSE Limited and the National Stock Exchange of India Limited on May 15, 2026.