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Latest news about Zee Media Corporation

Zee Media Reports No Fund Utilization in Q2, Faces Financial Challenges 8 days ago

Zee Media Corporation Limited reported no fund utilization in Q2 from its Rs. 200 crore preferential issue. The company incurred a loss of Rs. 3,024.00 lakhs for H1 ended September 30, with consolidated revenue at Rs. 36,108.00 lakhs. Negative working capital and lower market price than warrant exercise price raise concerns. Management remains optimistic, implementing cost rationalization measures and planning capital infusions through warrants and FCCBs to improve financial position.

Zee Media Corporation's Chief Revenue Officer Rajesh Sareen Steps Down 10 days ago

Zee Media Appoints Media Veteran Raktimanu Das as New CEO Nov 03, 2025

Zee Media Corporation Seeks Shareholder Approval for Key Resolutions Jul 31, 2025

Zee Media Corporation Seeks Shareholder Approval for Director Re-appointments and Commission Payment Jul 31, 2025

More news about Zee Media Corporation

29Jul 25

Zee Media Board Approves Director Re-appointments Amid Q1 Financial Challenges

Zee Media Corporation has approved the re-appointment of three key board members: Amitabh Kumar as Non-Executive Director, Susanta Kumar Panda as Independent Director, and Dinesh Kumar Garg as Whole Time Director. The company reported Q1 financial results showing a net loss of Rs. 662.00 lakhs on a standalone basis and Rs. 881.00 lakhs on a consolidated basis. To address financial challenges, the company is implementing cost rationalization measures, securing extended credit periods, and pursuing capital infusion through convertible warrants and potential FCCBs. Despite negative working capital, management remains confident in the company's ability to continue as a going concern.

29Jul 25

Zee Media Corp Reports Q1 Revenue Growth and Reduced Losses

Zee Media Corporation Limited reported improved Q1 financial results with consolidated revenue increasing 3.6% to ₹182.36 crore. Net loss narrowed to ₹8.81 crore, down 15.1% year-over-year. EBITDA rose to ₹19.80 crore with an improved margin of 10.85%. The company is addressing working capital challenges through cost rationalization and credit period extensions. Capital infusion measures include warrant allotment to FPIs and potential FCCB issuance. The Board has approved a business plan focusing on higher revenues and improved operational cash flows.

05May 25

Zee Media Corporation: Q4 Loss Widens, Revenue Declines

Zee Media Corporation's Q4 FY2024 consolidated net loss increased to ₹20.00 crore from ₹38.20 crore year-over-year. Revenue slightly decreased by 0.42% to ₹117.50 crore. Despite widened losses, the company showed significant improvement in EBITDA and operating profit. For FY2024, total revenue declined by 10.37% to ₹663.00 crore, with a net loss of ₹98.40 crore.

08Apr 25

Zee Media Corporation Approves $46.6 Million Foreign Currency Bond Issuance

Zee Media Corporation Limited (ZMCL) has approved the issuance of Foreign Currency Convertible Bonds (FCCBs) worth $46.59 million (₹399.78 crore). The 10-year bonds will have a 5% annual coupon rate and a conversion price of ₹13.50 per equity share. The FCCBs will be issued as unsecured, unlisted bonds on a private placement basis to UNICO Global Opportunities Fund Limited and Sun India Opportunities Investing Fund. If fully converted, it could result in the issuance of up to 29,61,35,358 equity shares. The issuance complies with RBI guidelines and relevant regulatory requirements.

04Apr 25

Zee Media Corporation to Consider Fund Raising in Upcoming Board Meeting

Zee Media Corporation Limited (ZMCL) has announced a board meeting on April 8, 2025, to consider fund-raising through various means including equity shares, convertible bonds, debentures, warrants, and preference shares. The company has closed its trading window from April 1, 2025, until 48 hours after the declaration of FY 2024-25 Annual Audited financial results. The news has sparked investor interest, with ZMCL shares drawing attention during trading on April 4.

24Feb 25

Zee Media Shareholders Greenlight 49% FPI Limit Hike and ₹400 Crore Securities Issuance

Zee Media Corporation Limited's shareholders have approved two significant proposals: increasing the Foreign Portfolio Investment (FPI) limit to 49% and issuing securities worth up to ₹400 crore. These decisions aim to attract more foreign investment, strengthen the company's financial position, and potentially fuel future growth initiatives in India's media sector.

21Feb 25

Zee Media Shareholders Approve Increased FPI Investment Limit and Rs 400 Crore Security Issuance

Zee Media Corporation Limited (ZMCL) shareholders have approved two significant resolutions via postal ballot. The first increases the Foreign Portfolio Investors (FPIs) investment limit to 49% of the company's paid-up equity share capital, receiving 99.98% votes in favor. The second approves the issuance of securities up to Rs 400 crore, with 82.57% votes in support. The e-voting process, held from January 23 to February 21, 2025, saw participation from 538 shareholders. These approvals could potentially attract more foreign investment and provide financial flexibility for the company's future growth strategies.