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The fundraise assumes significance as ZEEL shareholders had approved a Rs 3,143.5 crore promoter fund infusion through the preferential issue of 24,94,85,563 fully convertible warrants at Rs 126 apiece. The proposal received 76.64% shareholder support at an extraordinary general meeting held on 31 July 2026 and is expected to increase promoter shareholding to 23.79%.
The relief comes after SEBI, on 31 July 2026, barred Zee Entertainment from accessing the securities market for two months and imposed a one-year market-access restriction on Punit Goenka and Subhash Chandra. SEBI also imposed penalties on the company and the two individuals.
The regulatory action relates to title documents of a Hyderabad property owned by Zee Entertainment. SEBI alleged that the property documents were provided as security for loans taken by private entities linked to the promoters without the required corporate approvals and disclosures. Zee Entertainment has disputed the allegations.
Zee had approached SAT seeking permission to complete the preferential warrant issue, arguing that shareholders had approved the fundraise and that the transaction had received in-principle approval from the stock exchanges. The proposed warrants are to be issued to Sunbright Mauritius Investments, a promoter-group entity.
The fundraise had become a key point of contention as SEBI argued that allowing the issue during the market-access restriction could dilute the effect of its order. The regulator also opposed Goenka's indirect participation through the Mauritius-based promoter entity, given his own market-access restriction.
SAT's order provides interim relief and does not resolve the underlying SEBI proceedings. The tribunal had reserved its decision on the interim applications on 12 August after hearing arguments from both sides.
The stock exchanges have sought clarification from Zee Entertainment regarding the media report on SAT's conditional relief. The company's response is awaited.
Zee Entertainment Enterprises is a content and technology company with a presence in more than 190 countries and a global reach of over 1.4 billion people. The company operates across television, digital platforms, movies, music and live entertainment, offering content in multiple languages.
On a consolidated basis, Zee Entertainment Enterprises' net profit declined 48.30% to Rs 74.30 crore while net sales rose 4.52% to Rs 1907.30 crore in Q1 June 2026 over Q1 June 2025.
Tejas Networks Ltd gained 1.14% today to trade at Rs 525.25. The BSE Teck index is up 0.89% to quote at 15966.89. The index is up 10.06 % over last one month. Among the other constituents of the index, Zee Entertainment Enterprises Ltd increased 1.12% and KPIT Technologies Ltd added 1.09% on the day. The BSE Teck index went down 6.77 % over last one year compared to the 2.33% fall in benchmark SENSEX.
Tejas Networks Ltd has lost 11.59% over last one month compared to 10.06% gain in BSE Teck index and 1.76% rise in the SENSEX. On the BSE, 4454 shares were traded in the counter so far compared with average daily volumes of 1.31 lakh shares in the past one month. The stock hit a record high of Rs 646.35 on 21 Aug 2025. The stock hit a 52-week low of Rs 294.1 on 27 Jan 2026.
Muthoot Finance Ltd, Blue Jet Healthcare Ltd, Latent View Analytics Ltd and Narayana Hrudayalaya Ltd are among the other losers in the BSE's 'A' group today, 03 August 2026.
Zee Entertainment Enterprises Ltd tumbled 14.60% to Rs 98.6 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 43.35 lakh shares were traded on the counter so far as against the average daily volumes of 11.89 lakh shares in the past one month.
Muthoot Finance Ltd lost 7.61% to Rs 2882.6. The stock was the second biggest loser in 'A' group.On the BSE, 6.15 lakh shares were traded on the counter so far as against the average daily volumes of 54833 shares in the past one month.
Blue Jet Healthcare Ltd crashed 5.87% to Rs 590.25. The stock was the third biggest loser in 'A' group.On the BSE, 3 lakh shares were traded on the counter so far as against the average daily volumes of 49076 shares in the past one month.
Latent View Analytics Ltd plummeted 5.65% to Rs 297.85. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.45 lakh shares were traded on the counter so far as against the average daily volumes of 58924 shares in the past one month.
Narayana Hrudayalaya Ltd corrected 5.10% to Rs 1924.1. The stock was the fifth biggest loser in 'A' group.On the BSE, 63580 shares were traded on the counter so far as against the average daily volumes of 27634 shares in the past one month.
The regulator's investigation was initiated after ZEEL's statutory auditor, Deloitte Haskins & Sells LLP, reported in its FY19 audit that the title deeds of certain immovable properties were missing.
According to Sebi's final order, the original title deeds of ZEEL's Hyderabad land were deposited with Indiabulls Housing Finance on 27 December 2018 to create a first-ranking mortgage securing loans of Rs 726 crore availed by four Essel Group entities, with Essel Home also acting as a co-borrower.
Sebi held that the borrowing entities were related parties of ZEEL under the SEBI (LODR) Regulations and Ind AS-24, as they were ultimately controlled by Subhash Chandra, Punit Goenka and their family members. The regulator also held that the related-party relationship and the use of ZEEL's Hyderabad land as security were not disclosed in the company's financial statements.
The order further stated that Subhash Chandra, then chairman of ZEEL, signed the declaration and acknowledgement on behalf of the company stating that all necessary corporate approvals had been obtained before the mortgage was created. Sebi said no prior approval of ZEEL's audit committee, board of directors or shareholders had been obtained for the transaction.
In an exchange filing, ZEEL said it became aware of the complete order only after it was uploaded on Sebi's website on 1 August 2026 and served on the company later that evening. The company said it is evaluating the contents and impact of the order in consultation with legal advisors and exploring the relevant options.
The regulatory action comes days after ZEEL shareholders approved a Rs 3,143.5 crore promoter fund infusion through the preferential issue of 24,94,85,563 fully convertible warrants at Rs 126 apiece. The proposal, approved with 76.64% shareholder support at an extraordinary general meeting held on 31 July 2026, is expected to increase promoter shareholding to 23.79%.
According to media reports, Sebi's restrictions on the company and the promoters could create regulatory uncertainty over the proposed warrant allotment. However, in the absence of any specific direction from the regulator on the preferential issue, the shareholder-approved resolution remains valid.
The company had said the proposed capital infusion would strengthen its financial position, support future growth initiatives and enhance long-term value creation.
Shareholders also approved the implementation of the 'Truly Yours' Employee Stock Option Plan (ESOP). Under the scheme, Zee will grant 3,74,22,835 stock options to eligible employees of the company and its subsidiaries in one or more tranches.
According to the company, the ESOP plan is aimed at aligning employees' interests with long-term shareholder value and enabling them to participate in the company's future growth.
Zee Entertainment Enterprises is a content and technology company with a presence in more than 190 countries and a global reach of over 1.4 billion people. The company operates across television, digital platforms, movies, music and live entertainment, offering content in multiple languages. Through its portfolio of media and entertainment businesses, Zee serves audiences in India and international markets.
The company reported a consolidated net loss of Rs 103.69 crore in Q4 FY26, compared with a net profit of Rs 188.39 crore in the same period last year. Total income declined 5.36% year-on-year to Rs 2,101.1 crore during the quarter.
The approval clears the way for the company to issue 24,94,85,563 fully convertible warrants to a promoter group entity on a preferential basis at Rs 126 per warrant. The transaction will result in a promoter investment of Rs 3,143.5 crore and increase the promoter shareholding in the company to 23.79%.
The company said the capital infusion will strengthen its financial position and support investments in new growth initiatives while enhancing capabilities across its existing businesses.
Chairman R. Gopalan said the shareholder approval reflects confidence in the company's management and strategic direction. He added that the promoter fund infusion and ESOP framework would strengthen Zee's financial foundation, enhance leadership continuity and support long-term value creation.
The company said the board had earlier evaluated various strategic alternatives to strengthen its balance sheet and ensure long-term leadership continuity before approving the preferential issue and increase in promoter shareholding. It added that the fresh capital would help pursue growth opportunities in an increasingly competitive entertainment landscape.
Zee Entertainment Enterprises shares rose 1.76% to settle at Rs 114.18 on Friday, 31 July 2026.
Zee Entertainment Enterprises Ltd is up for a third straight session today. The stock is quoting at Rs 116, up 3.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.39% on the day, quoting at 24413.1. The Sensex is at 78193.78, up 0.34%. Zee Entertainment Enterprises Ltd has gained around 7.1% in last one month.
Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has gained around 7.32% in last one month and is currently quoting at 1585.45, up 2.15% on the day. The volume in the stock stood at 407.78 lakh shares today, compared to the daily average of 235.81 lakh shares in last one month.
The PE of the stock is 83.77 based on TTM earnings ending March 26.