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Responding to the outcome, Zee released an official press statement, expressing gratitude to the ~60% of shareholders who voted in favor of the resolution. 'The Board and the management also respect the decision taken by the remaining shareholders,' the company said.
Zee underlined its ongoing efforts to maximize shareholder value, highlighting progress in improving profitability, especially by trimming losses in its digital segment and enhancing margin performance. The company said it remains committed to building a strong financial foundation amid evolving market conditions and intense competition.
While the current efforts have augured well, it is important to maintain a sufficient war chest to fuel future growth, navigate rapid market shifts, and invest in innovation, said a company spokesperson.
Zee also reiterated that its strategy remains guided by a seasoned board to further fortify itself for any unforeseen events as well as to deliver growth and invest in technology and innovation.
ZEEL is a leading content and technology powerhouse, seamlessly blending its rich legacy with pioneering innovation to deliver cutting-edge entertainment experiences. 'Z' brings diverse stories to life through linear television, digital platforms, movies and music across languages.
The company reported a consolidated net profit of Rs 188.4 crore in Q4 FY25, significantly higher than the PAT of Rs 13.4 crore in Q4 FY24. Net sales rose 0.65% year-over-year (YoY) to Rs 2184.1 crore during the period under review.
Zee Entertainment Enterprises Ltd, Chennai Petroleum Corporation Ltd, Avantel Ltd and Mangalore Refinery And Petrochemicals Ltd are among the other gainers in the BSE's 'A' group today, 23 June 2025.
Ideaforge Technology Ltd spiked 10.00% to Rs 631.65 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.62 lakh shares were traded on the counter so far as against the average daily volumes of 1.08 lakh shares in the past one month.
Zee Entertainment Enterprises Ltd soared 9.78% to Rs 145.95. The stock was the second biggest gainer in 'A' group. On the BSE, 42.97 lakh shares were traded on the counter so far as against the average daily volumes of 7.61 lakh shares in the past one month.
Chennai Petroleum Corporation Ltd surged 6.55% to Rs 674.1. The stock was the third biggest gainer in 'A' group. On the BSE, 1.56 lakh shares were traded on the counter so far as against the average daily volumes of 78918 shares in the past one month.
Avantel Ltd advanced 6.29% to Rs 164.75. The stock was the fourth biggest gainer in 'A' group. On the BSE, 7.41 lakh shares were traded on the counter so far as against the average daily volumes of 7.97 lakh shares in the past one month.
Mangalore Refinery And Petrochemicals Ltd gained 5.67% to Rs 142.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.19 lakh shares were traded on the counter so far as against the average daily volumes of 2.6 lakh shares in the past one month.
As of March 2025, ZEEL's cash and cash equivalents stood at Rs 2,406 crore. The board has also approved the issuance of fully convertible warrants worth Rs 2,237 crore. Once fully converted, the promoter stake is expected to increase to 18.39%, subject to shareholder approval at the extraordinary general meeting scheduled for 10 July 2025.
The company said the proposed increase in promoter holding reflects long-term confidence in ZEEL's strategy and outlook. It also aims to create a robust cash reserve to effectively respond to competitive pressures and potential shifts in the market.
Despite a smaller scale compared to Peer-1, ZEEL remains one of the most profitable networks, reporting a 14.4% EBITDA margin in FY25. The company incurred a Rs 548 crore EBITDA loss in its digital platform Zee5 for the same period but aims to achieve breakeven in FY26.
ZEEL currently operates over 90 TV channels and has a content library comprising more than 265,000 hours of general entertainment and 6,850 movie titles. Its OTT platform, Zee5, features over 300 original titles.
ZEEL has outlined a clear roadmap for its next phase of growth, with a sharp focus on expanding its content and digital offerings. The company plans to venture into emerging formats such as micro-dramas, edutainment, live events, and user-generated content, aiming to capture a wider and more diverse audience base. Alongside this, it is looking to diversify its content across both short- and long-form formats to better cater to changing viewer preferences.
A key part of the strategy involves strengthening its digital ecosystem while staying anchored to its core strength, content creation. ZEEL also emphasized the importance of maintaining a strong balance sheet and remains open to exploring acquisition opportunities that align with its long-term goals.
The company reiterated its goal to deliver scalable and value-accretive growth initiatives that enhance profitability over the next three years. ZEEL is targeting to surpass its historical peak EPS of Rs 16.5, last recorded in FY19.
ZEEL is a leading content and technology powerhouse, seamlessly blending its rich legacy with pioneering innovation to deliver cutting-edge entertainment experiences. ‘Z’ brings diverse stories to life through linear television, digital platforms, movies and music across languages.