Zee Media Corporation Limited , one of India's largest news networks, has announced a series of important resolutions for shareholder approval through a postal ballot. The company is seeking approval for three significant matters that could shape its leadership and governance in the coming years.

Director Re-appointments

The first resolution proposes the re-appointment of Mr. Susanta Kumar Panda as an Independent Director for a second five-year term, from September 1, 2025, to August 31, 2030. Mr. Panda, a retired Indian Revenue Service officer with extensive experience in finance and governance, has been serving on the company's board since 2020.

In addition, the company is seeking approval for the re-appointment of Mr. Dinesh Kumar Garg as Whole-time Director (Executive Director - Finance) for a three-year term from September 20, 2025, to September 19, 2028. Mr. Garg, a Chartered Accountant with over 30 years of professional experience, has been instrumental in Zee Media's financial management and growth strategies.

Remuneration Package

The proposed remuneration package for Mr. Garg includes a basic salary of Rs. 375,117 per month, with allowances up to Rs. 275,000 per month. This package reflects the company's commitment to retaining experienced leadership in key positions.

Commission for Non-Executive Directors

The third resolution involves the payment of commission to non-executive directors for three financial years starting from 2025-26. This move is aimed at compensating the non-executive directors for their contributions to the company's governance and strategic direction.

E-voting Period

Shareholders can cast their votes electronically from August 1 to August 30, 2025. This extended voting period allows ample time for shareholders to consider the resolutions and make informed decisions.

Financial Performance

The resolutions come at a time when Zee Media Corporation is facing financial challenges. The company reported a loss after tax of Rs. 1,003.46 lakhs in FY 2025, with revenues declining from Rs. 5,375.62 lakhs in FY 2023 to Rs. 4,635.14 lakhs in FY 2025.

Despite these challenges, the company remains committed to strengthening its leadership and governance structures. The proposed resolutions reflect Zee Media's efforts to navigate the competitive landscape of the Indian news broadcasting industry, which now includes nearly 400 channels.

Zee Media Corporation continues to focus on synergizing its broadcast and digital businesses, undertaking revenue maximization and cost rationalization measures. The company is also expanding its digital presence through websites and apps in multiple languages to increase reach and engagement.

As shareholders prepare to vote on these crucial resolutions, the outcome will play a significant role in shaping Zee Media Corporation's future direction and its ability to overcome current financial hurdles.

Zee Media Corporation Limited , one of India's largest news networks, has issued a postal ballot notice seeking shareholder approval for three significant resolutions. The company's board has proposed these changes as part of its ongoing efforts to strengthen its leadership and governance structure.

Key Resolutions

1. Re-appointment of Independent Director The company proposes to re-appoint Mr. Susanta Kumar Panda as an Independent Director for a second five-year term, from September 1, 2025, to August 31, 2030. Mr. Panda, a retired Indian Revenue Service officer, brings extensive experience in finance, legal matters, and corporate governance to the board.

2. Re-appointment of Whole-time Director The second resolution seeks approval for re-appointing Mr. Dinesh Kumar Garg as Whole-time Director (Executive Director - Finance) for a three-year term from September 20, 2025, to September 19, 2028. Mr. Garg, a Chartered Accountant with over 30 years of experience, has been instrumental in the company's financial management and growth strategies.

3. Commission Payment to Non-Executive Directors The third resolution involves the payment of commission to non-executive directors for three financial years starting from 2025-26. This move aims to compensate the non-executive directors for their contributions and align their interests with the company's long-term success.

Voting Process and Timeline

Zee Media Corporation has opted for a remote e-voting process for these resolutions. The e-voting period is scheduled to run from August 1 to August 30, 2025, allowing shareholders ample time to cast their votes. The company has engaged the National Securities Depository Limited (NSDL) to provide the e-voting facility, ensuring a secure and transparent voting process.

Financial Performance

The postal ballot notice comes at a time when Zee Media Corporation is facing financial challenges. The company reported a loss after tax of Rs. 1,003.46 lakhs in FY 2025, indicating a decline in profitability. Moreover, the company's revenues have decreased from Rs. 5,375.62 lakhs in FY 2023 to Rs. 4,635.14 lakhs in FY 2025.

Industry Context

The company attributes these financial challenges to the intensely competitive landscape in the TV news industry, with nearly 400 channels vying for viewership and advertising revenue. The emergence of alternative technology-enabled distribution platforms has further fragmented the market, putting additional pressure on traditional broadcasters.

Future Outlook

Despite the current financial headwinds, Zee Media Corporation remains committed to its growth strategy. The company is focusing on synergizing its broadcast and digital businesses, expanding its channel portfolio, and integrating technology across content creation, distribution, and monetization. These efforts aim to enhance operational efficiency, deliver immersive consumer experiences, and create value-accretive opportunities in the evolving media landscape.

As Zee Media Corporation navigates these challenges and opportunities, the outcome of the postal ballot will play a crucial role in shaping the company's leadership and governance structure for the coming years. Shareholders have until August 30, 2025, to cast their votes on these important resolutions.