AUV Innovations LLP has made a substantial acquisition in Zee Media Corporation Limited, purchasing 1,51,15,614 shares through open market transactions on December 24, 2025. The acquisition was disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, as the purchase crossed the mandatory disclosure threshold.

Acquisition Details

The transaction details reveal the scope and impact of this strategic acquisition:

Shareholding Changes

The acquisition has significantly altered AUV Innovations LLP's position in Zee Media Corporation. Prior to this transaction, the company held 4,37,18,761 shares, representing 6.99% of the total share capital. Following the acquisition, their total holding has increased to 5,88,34,375 shares, constituting 9.41% of the company's equity.

Capital Structure Context

Zee Media Corporation's current equity share capital stands at ₹62,54,28,680, divided into 62,54,28,680 equity shares of ₹1.00 each. The diluted share capital, assuming full conversion of outstanding warrants, amounts to ₹89,37,62,013, comprising 89,37,62,013 equity shares. This diluted calculation includes 26,83,33,333 warrants held by the acquirer.

Previous Acquisitions

The disclosure document notes that AUV Innovations LLP had made earlier acquisitions that did not require separate disclosure due to their smaller size. The company acquired 50,00,000 shares on September 5, 2025, and an additional 47,34,386 shares on December 22, 2025, through open market purchases. These transactions aggregated to 1.56% of total share capital, falling below the 2% threshold that would have mandated disclosure under SEBI regulations.

Regulatory Compliance

The acquisition disclosure was filed with both BSE Limited and National Stock Exchange of India Limited, where Zee Media Corporation's shares are listed. AUV Innovations LLP, registered with LLPIN ACO-1892 and headquartered in Mumbai, has fulfilled its regulatory obligations by providing comprehensive details of the transaction as required under SEBI's substantial acquisition framework. The disclosure confirms that no encumbrances, voting rights other than shares, or convertible securities were involved in this particular transaction.

Zee Media Corporation Limited has informed stock exchanges about pre-institution mediation proceedings initiated against the company regarding alleged copyright infringement claims. The disclosure was made in compliance with Regulation 30 of the Listing Regulations.

Mediation Proceedings Details

The pre-institution mediation has been filed at the Alternative Dispute Redressal Center, 4th Floor, Zila Adalat Bhawan, North 24 Paraganas, Barasat, Kolkata. The proceedings were initiated by Mr. Saumyajit Sen alias Ronny Sen under Section 12A of Chapter II/A of Commercial Courts Act, 2015.

Financial Claims and Implications

The opposing party has claimed substantial damages against Zee Media Corporation for the alleged copyright infringement. The financial demands include both principal damages and interest components totaling ₹181.10 million.

Company's Response and Assessment

Zee Media Corporation has conducted a preliminary assessment of the copyright infringement allegations. Based on this initial review, the company maintains a confident stance regarding the proceedings.

Key aspects of the company's position include:

• No Expected Financial Impact: The company believes no financial implications are expected against it
• Legal Defense Strategy: Zee Media will seek necessary advice from legal counsel
• Active Defense: The company plans to defend the matter accordingly

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Listing Regulations and in accordance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155. Company Secretary and Compliance Officer Ranjit Srivastava signed the regulatory filing, ensuring proper compliance with disclosure requirements.

The mediation proceedings represent a pre-litigation dispute resolution mechanism, allowing parties to resolve copyright disputes before formal court proceedings. The outcome of these mediation proceedings will determine whether the matter proceeds to formal litigation or reaches an amicable settlement.