Zee Media Corporation Limited has opened a special window for shareholders to re-lodge transfer requests and dematerialize physical securities. The facility is available for one year, commencing on February 05, 2026 and concluding on February 04, 2027. This initiative follows a SEBI circular dated January 30, 2026, providing relief to investors whose physical share transfers were pending or rejected before April 01, 2019.

The special window covers physical securities that were sold or purchased prior to April 01, 2019 but were either not lodged for transfer or were lodged and subsequently rejected, returned, or not attended due to deficiencies in documentation or process. However, the company clarified that cases involving disputes between the transferor and transferee, or shares that have already been transferred to the Investor Education and Protection Fund, will not be considered under this window.

Eligible shareholders are required to submit their original share certificates, transfer deeds, and other necessary documents listed in the circular to the company's Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited. The company emphasized that shares re-lodged for transfer during this period will be issued only in dematerialized (demat) mode. Furthermore, these shares will be subject to a lock-in period of one year from the date of transfer.

Key Details of the Special Window

Shareholders seeking further information or assistance have been advised to contact the company's RTA. The disclosure was made to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Zee Media Corporation Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, specifying the utilization of funds for a proposed preferential issue of up to ₹119 crore. The clarification, issued pursuant to requirements from the National Stock Exchange of India Limited (NSE), details the allocation of proceeds towards current liabilities, capital expenditure, and general corporate purposes. The EGM is scheduled to be held on June 13, 2026, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM).

The company had previously filed applications with BSE Limited and NSE for in-principle approval regarding the “Issue of Fully Convertible Warrants on Preferential Basis to Non-Promoter / Non-Promoter Group Entities.” Following advice from NSE to provide clarifications on the “Objects of the Preferential Issue,” Zee Media Corporation Limited released the corrigendum on June 2, 2026. The document modifies the explanatory statement related to Item No. 1 of the original EGM notice dated May 18, 2026.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the corrigendum to the exchanges. The notice was published in “Business Standard” in English and “Navshakti” (Mumbai Edition) in Marathi on June 3, 2026. The corrigendum must be read in conjunction with the original EGM notice.

The proposed utilization of funds totaling ₹119 crore is categorized into three main areas. The largest allocation, amounting to ₹75 crore, is designated for the payment of current liabilities. This includes marketing payouts and distributions to various vendors, payments to domestic and foreign transponders, repayment of working capital facilities from banks, and other short-term liabilities.

Utilization of Funds

A sum of ₹25 crore has been earmarked for capital expenditure, covering broadcast equipment, newsroom upgrades, and the replacement of existing assets. Additionally, ₹19 crore is allocated for general corporate purposes. The company noted that funds under this head may be utilized to provide financial assistance to subsidiaries, subject to approval by the Board or a duly constituted committee, in compliance with the Companies Act, 2013.

All other contents of the EGM notice remain unchanged. The document is available on the company’s website and the websites of the stock exchanges.