Zee Media EGM Set for June 13 to Approve ₹119 Cr Warrants
Zee Media Corporation Limited has scheduled an Extra-Ordinary General Meeting (EGM) on June 13, 2026, to approve the issuance of up to 14,00,00,000 fully convertible warrants aggregating ₹119 crore to three Foreign Portfolio Investors. The warrants are priced at ₹8.50 each, including a premium of ₹7.50, and are convertible within 18 months. Additionally, the EGM will seek shareholder approval for the re-appointment of Ms. Swetha Gopalan as an Independent Director for a second term of five years.
*this image is generated using AI for illustrative purposes only.
Zee Media Corporation Limited has scheduled an Extra-Ordinary General Meeting (EGM) on Saturday, June 13, 2026, at 11:30 Hrs (IST) through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting seeks shareholder approval for a preferential issue of fully convertible warrants aggregating up to ₹119 crore and the re-appointment of an Independent Director.
Preferential Issue of Warrants
The Board approved the issuance of up to 14,00,00,000 warrants to three Foreign Portfolio Investors (FPIs) at a price of ₹8.50 per warrant, including a premium of ₹7.50. The total issue amount is up to ₹1,19,00,00,000. The warrants are convertible into equity shares within 18 months from the date of allotment. The proposed allottees include Magnifica Global Opportunities VCC-MGO High Conviction Fund, Minerva Ventures Fund, and Sun India Opportunities Investing Fund.
| Parameter | Details |
|---|---|
| Number of Warrants | Up to 14,00,00,000 |
| Issue Price | ₹8.50 per warrant |
| Total Amount | Up to ₹1,19,00,00,000 |
| Conversion Period | Within 18 months |
| Allottees | 3 Foreign Portfolio Investors |
EGM Notice and Email Registration
In compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars, the Notice of the EGM will be dispatched solely through electronic mode. Consequently, the Company has published a public notice in newspapers advising shareholders to register their email addresses to ensure they receive the EGM notice.
Shareholders holding shares in demat form must contact their depository participant to update email details. Those holding physical shares must write to the Company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, or email rtt.helpdesk@mufgintime.co.in with their folio number and a self-attested PAN card copy.
Re-appointment of Independent Director
The Board also approved the re-appointment of Ms. Swetha Gopalan (DIN: 09167355) as an Independent Director for a second term of five years, commencing August 1, 2026, and ending July 31, 2031, subject to shareholder approval.
Historical Stock Returns for Zee Media Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | -2.36% | -9.13% | -13.53% | -45.83% | -19.38% |
How might the conversion of 14 crore warrants into equity shares within 18 months impact Zee Media's existing shareholders through potential dilution of their ownership stake?
What strategic investments or operational expansions is Zee Media likely to pursue with the ₹119 crore raised through this preferential issue to FPIs?
Could the entry of these three Foreign Portfolio Investors signal growing international interest in Indian media companies, and what does this mean for Zee Media's competitive positioning?
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