Zee Media returns to profitability in FY26

Zee Media Corporation returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹1,693 lakh, a significant turnaround from the net loss of ₹10,033 lakh recorded in the previous year. The company’s revenue from operations for FY26 stood at ₹57,153 lakh, an increase from ₹45,488 lakh in FY25. The Board of Directors approved the annual audited financial results for the fourth quarter and financial year ended March 31, 2026, during a meeting held on May 29, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹1,432 lakh, compared to a net loss of ₹2,268 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter was ₹11,255 lakh, slightly lower than the ₹11,748 lakh reported in the same period last year. Total expenses for the quarter decreased to ₹14,202 lakh from ₹15,500 lakh in the prior year quarter.

Standalone Financial Performance

The company’s standalone financial results for the year indicate a recovery driven by higher income and cost management. Other income for the year increased to ₹1,770 lakh from ₹863 lakh in the previous year. The profit before tax for FY26 was ₹1,337 lakh, reversing the loss before tax of ₹13,589 lakh in FY25. Earnings per share (EPS) for the year improved to ₹0.27 from a negative ₹1.60 in the prior year.

Metric	FY26 (₹ in lakhs)	FY25 (₹ in lakhs)
Revenue from operations	57,153	45,488
Total Revenue	58,923	46,351
Total Expenses	57,586	60,821
Profit for the year	1,693	(10,033)
Earnings Per Share (Basic)	0.27	(1.60)

Consolidated Results

On a consolidated basis, the group reported a net profit of ₹190 lakh for FY26, compared to a net loss of ₹11,942 lakh in the previous year. Consolidated revenue from operations for the year rose to ₹75,918 lakh from ₹62,191 lakh in FY25. For the quarter ended March 31, 2026, the consolidated net loss was ₹2,653 lakh, compared to a net loss of ₹3,676 lakh in the corresponding quarter of the previous year. The consolidated results include the financials of subsidiaries and associates.

Auditor and Board Approvals

The statutory auditors, Ford Rhodes Parks & Co. LLP, issued an unmodified opinion on the standalone and consolidated annual financial results. The auditors noted a material uncertainty related to going concern due to accumulated losses and negative working capital but stated that the financial statements have been prepared on a going concern basis based on the Board’s approved business plan and capital infusion measures.

In addition to the financial results, the Board approved the re-appointment of Chandra Wadhwa & Co., Cost Accountants, as the Cost Auditors for FY27, subject to shareholder ratification. The Board also appointed Nangia & Co, LLP, Chartered Accountants, as the Internal Auditor for the financial year 2026-27.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.34%	+0.87%	-3.12%	-12.36%	-42.53%	-15.83%

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.