Zee Entertainment Enterprises Limited has notified the BSE and NSE about updated contact details for its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited.

Updated Contact Information

The company has provided comprehensive contact details for shareholders to access RTA services more effectively:

Digital Service Platform

Shareholders can now raise queries or service requests electronically through the RTA's dedicated online portal at https://web.in.mpms.mufg.com/helpdesk/Service_Request.html . This digital platform provides convenient access to various shareholder services without requiring physical visits or postal correspondence.

Information Accessibility

Zee Entertainment has confirmed that the updated RTA contact information is being simultaneously updated on the company's official website at www.zee.com . This ensures shareholders have easy access to current contact details through multiple channels.

The notification was signed by Ashish Agarwal, Company Secretary (FCS6669), and communicated to both major stock exchanges where the company's shares are listed under BSE Scrip Code 505537 and NSE Symbol ZEEL EQ.

Zee Entertainment Enterprises has announced a strategic decision to defer the next drawdowns for its Foreign Currency Convertible Bonds (FCCB), as disclosed during a recent conference call. The company has indicated that it will not proceed with accessing additional tranches until there is complete visibility on the deployment of those proceeds.

FCCB Drawdown Strategy

The entertainment company's management has adopted a cautious approach regarding its convertible bond facility. The decision to defer the next drawdowns demonstrates the company's commitment to prudent capital management and ensuring optimal utilization of funds.

Management Guidance

During the conference call, the company's leadership emphasized that the deferral is a strategic decision aimed at ensuring responsible financial management. The management indicated that accessing additional funds from the FCCB facility will only occur once there is complete clarity on how the proceeds will be effectively deployed.

Strategic Implications

This approach reflects Zee Entertainment Enterprises' focus on maintaining financial discipline while managing its capital structure. The company's decision to wait for full visibility on deployment strategies suggests a methodical approach to utilizing the convertible bond facility, ensuring that any funds accessed will contribute meaningfully to the company's strategic objectives.