Zee Entertainment Enterprises Limited (ZEEL) has provided clarification to the Bombay Stock Exchange (BSE) regarding recent news reports about layoffs within the company. The media conglomerate emphasized that its ongoing workforce optimization is part of a broader strategic initiative to create a more agile and collaborative organizational structure.

Restructuring for Agility

ZEEL explained that the company is undertaking a re-modeling and integration of its business divisions as part of its omni-channel approach. This exercise is designed to:

• Create a more agile organization structure
• Ensure sharper focus on goals and performance
• Adapt to evolving business dynamics

The company stressed that this optimization process is an ongoing exercise based on business dynamics and does not impact the operation or performance of the company.

Previous Workforce Rationalization Announcement

ZEEL referenced a press release dated April 5, 2024, where the company's MD & CEO had proposed a lean organization structure to the Board. This proposal included:

• Rationalizing the workforce by 15% across the company
• Implementation over a period (specific timeframe not mentioned)

Financial Position

While the news primarily focuses on organizational restructuring, it's worth noting ZEEL's financial position based on the latest available balance sheet data:

The data suggests that ZEEL has maintained a stable financial position over the past year, with modest growth in total assets and a significant reduction in current liabilities.

Compliance Assurance

ZEEL affirmed its commitment to regulatory compliance, stating that the company has always adhered to its obligations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company assured that it would continue to make disclosures in accordance with these regulations.

As ZEEL navigates through this period of organizational change, stakeholders will be watching closely to see how these restructuring efforts impact the company's operational efficiency and market position in the competitive media landscape.

Zee Entertainment Enterprises Ltd. (ZEEL) has marked a significant milestone in its Environmental, Social, and Governance (ESG) performance, securing a position among the top 5% of companies in the global media, movies, and entertainment segment. This achievement comes as a result of the company's impressive score of 51 out of 100 in the S&P Global Corporate Sustainability Assessment (CSA) 2025.

Key Highlights

• ZEEL scored 51 out of 100 in the S&P Global Corporate Sustainability Assessment 2025
• The company ranks in the 96th percentile overall in the media, movies, and entertainment sector
• Transparency reporting scored in the 100th percentile
• Significant improvements were noted in corporate governance, supply chain management, climate governance, and human capital management

Detailed Performance

ZEEL's ESG performance showcases substantial improvements across various domains. The company's achievements can be summarized in the following table:

Industry Comparison

ZEEL's score of 51 significantly outperforms the industry average of 22, highlighting the company's leadership in sustainable practices within the media sector.

Key Focus Areas

The company's improved ESG performance stems from concentrated efforts in several critical areas:

1. Stakeholder engagement
2. Double materiality assessment
3. Policy influence
4. Privacy protection
5. Information security management
6. Climate governance
7. Carbon accounting
8. Energy management
9. Customer relations
10. Training & awareness
11. Occupational health & safety management

Management's Perspective

Mr. Punit Goenka, Chief Executive Officer of Zee Entertainment Enterprises Ltd., emphasized the company's commitment to sustainability: "Our consistent and robust progress in ESG performance is a recognition of our commitment to bring about meaningful change on and off the screen. At 'Z', ESG is a key business imperative that enhances stakeholder trust and drives long-term resilience."

Future Commitments

ZEEL remains dedicated to further strengthening its ESG efforts, aiming to balance its strategic vision with societal progress. The company has already taken significant steps towards enhancing data privacy, cybersecurity processes, carbon accounting, energy conservation, and waste management initiatives.

This achievement not only reflects ZEEL's current performance but also sets a new benchmark for the media and entertainment industry in sustainable practices and corporate responsibility.