Tag: Zee Entertainment Enterprises Ltd

  • Zee  introduces its leadership and development academy  ‘Lead Your Ship’

    Zee introduces its leadership and development academy ‘Lead Your Ship’

    Mumbai: Zee Entertainment Enterprises (ZEEL) has launched its new academy of leadership and management development – ‘Lead Your Ship.’ The academy is an industry-first initiative that aims to develop new-age leadership and managerial capabilities at all levels. Its vision is to build a resilient and agile organisation where leaders’ skills and capabilities are a true cornerstone.

    Zee has made significant strides toward workforce capability development by establishing a 4×4 academy framework that allows for the development of compliance, techno-functional, behavioural, and leadership skills across the organisational pyramid.

    These academic pillars are built on four beams: integrated academy journeys; learner-centric technology; assessments & certifications; and career progression; providing the company’s workforce with long-term development and growth plans.

    The academy provides career-related development interventions at all levels of the organisational pyramid.

    The five interventions—arise, aspire, advance, ascend, and accelerate—are specifically designed to develop foundational proficiency at the bottom of the pyramid into critical leadership, managerial, and transformational competencies, ultimately enabling them to transition to higher roles within the organisation.

    Commenting on the launch, ZEEL head of HR, content SBU & head of enterprise culture and capability development Dheeraj Jaggi said, “Being the first media and entertainment powerhouse in India, ZEE has always been an Academy of Talent. Over the years, we’ve nurtured great talent who have shaped the future of the industry. Once again, we are delighted to launch the Lead Your Ship Academy, another pioneering and first-of-its-kind initiative, that will play a critical role in upskilling the workforce to keep up with the fast-changing industry environment.”

    “Given the shift in workforce development needs post-covid,” he continues, “the curriculum of all 5 career-linked development interventions is designed to meet the new capability requirements for managers and leaders, ultimately promoting science-based self-development for inclusive and global leadership and supporting their career progression.”

    Lead Your Ship Academy will provide holistic development to Zee’s workforce through a blended delivery model based on extensive research-led insights. The curriculum has been developed in collaboration with renowned industry partners and academic institutions, and it will include modern pedagogy to assess, develop, engage, and reinforce new-age skills. The Lead Your Ship Academy will develop the skills of over 3,400 employees across the organisation and will provide over 6,000 hours of training. It is one of Zee’s most ambitious capability-building initiatives.

    Following the success of initiatives such as the Compliance Academy and Digicademy, the company is taking workforce capability development a step further by establishing Lead Your Ship as an academy of excellence. Last year, Zee launched the first digital academy of its kind, which received an overwhelming response from both internal and external stakeholders, successfully onboarding 97 per cent of employees.

    The Digicademy has consistently outperformed the majority of the key platform KPIs at the AMEA and global levels. The academy received accolades and awards at prestigious industry forums such as ET HR World, People First, Transformance HR Forum, and BusinessWorld People HR, to name a few. In the future, the company intends to launch a techno-functional academy, which will primarily focus on improving technical and digital skills, making employees more adept in this fast-paced industry.

    For more than three decades, Zee has had a strong legacy of home-grown leaders who have been at the forefront of innovation and pioneering initiatives around the world. Zee is committed to strengthening the leadership pipeline and building a future-ready workforce in order to lead the next disruption in the M&E industry and drive hypergrowth in the new normal.

  • Zee Biskope curates consumer centric content with innovations

    Zee Biskope curates consumer centric content with innovations

    Mumbai: If you enjoy Bhojpuri content, then Zee Biskope should be your go-to channel to fully immerse yourself in it. Since its inception, Zee Entertainment Enterprises’ first curated Bhojpuri movie channel, Zee Biskope, has been creating content with the aim of addressing the audience with specific needs, aspirations, and psychographic content & projections. The brand has won 104 marketing awards within the first two quarters of financial year 2023, a never-before-seen feat in the category.

    ZEEL’s chief cluster officer (east) Samrat Ghosh & Bhojpuri cluster chief channel officer Amarpreet Singh Saini in an exclusive chat with Indianyelevision.com shared how Zee Biskope takes the help of the audience to curate content and tries to engage with new innovations.

    Consumer centric content 

    Ghosh believes that the channel is consumer-centric and has a very robust research mechanism by which they try to stay in touch with their audience 365 days a year. “At the center, we have always kept the consumer in mind, whether in terms of the content that we create or in terms of the marketing that we do.”

    Speaking about the reality shows, he explained, “We thought about creating a platform wherein we go across the length and breadth of India to find the talent. We select to shape them, and they eventually turn out to be a household name.”

    Saini noted that the channel always tries to do something that has not been done in the category, keeping the audience in mind before being innovative and experimental. “We are here to serve entertainment to the viewers the way they want it. In whichever form they bought it. We didn’t want to do the already done thing.”

    He continued by saying that having a distinct content arm for marketing Zee Biskope was always the plan. “This allowed the audience to experience the brand and its values while also establishing a relationship with the brand, similar to how content does, and it was from there that the entire vertical of engagement initiatives arose.”

    The channel curated the content for worldwide holidays like Valentine’s Day, Mother’s Day, International Camera Day, etc., by taking into account a variety of other relevant days.

    The core philosophy of the channel, whether for content or marketing, has been that it will not do what has been done, but rather something new. However, that new thing will be embedded in the region’s rootedness.

    Bhojpuri fandom 

    The channel is focused on showcasing Bhojpuri movies to the audience and is now also delving into Bhojpuri fandom. “Nobody has explored this space of Bhojpuri fandom; there’s a lot of love for the stars and their movies; when someone is a movie fan, especially a Bhojpuri, it doesn’t stop with watching the film and turning off the TV. There are numerous other emotions. And so much more that you live alongside the movies, which is what the channel will be exploring.”

    It is also coming up with international events like Bhojpuri film awards and taking it to the international diaspora to give a sense of pride to the viewers in the region.

    Speaking of success, Ghosh believes it is not only confined in terms of the weekly gross rating points (GRPs), it goes much beyond that. “With the audiences, you develop a sort of complete branch community by the kind of experience you give them, and your only goal is to gain the greatest possible share of voice in terms of the consumers’ mind space.”

    OTT  emergence 

    Ghosh believes TV and OTT will coexist. He said, “It is not either-or. It is a plus because, at the core, we are creating a robust content offering for the consumer so that content turns out to be relevant and has some relevance in their lives. So we’ll keep creating content that could be on television, an OTT, or a different platform. But at the core, what we try to do as a brand is try to touch the heart of the consumer. The channel’s content is also available on the media giant’s OTT platform  Zee5.”

    Saini added that the big distinction between TV and the other platforms in India is that TV is still a collective medium. “The whole family watches TV. India still has a higher prevalence of single-TV households, which brings the family closer. Everyone watches in the living room. When watching TV content, people search for a particular ethos or set of nuances because it must satisfy all family members without causing discord and instead strengthen the sense of community that already exists in the home, as opposed to other platforms, which cater to more individualised consumption.

    “The fact that people watch TV on their mobile devices is widely known, but TV remains distinctive in that it produces content that is more, how do you phrase this, collective consumption content, and that content has a power of its own. And it continues to be the most potent force you now have, at least in this nation,” he expressed.

    Zee Biskope engages with users by focusing on user-generated content with shows like Kamariya Kare Hip Hopand Talent Camera Action. “We have seen a hunger among the people in the region to become stars, to be celebrated, and to be known; they have the talent, but they lack the means, so we have harnessed the entire power of UGC in these initiatives,” he noted.

    Challenges 

    While talking about challenges, Ghosh pointed out that the Bhojpuri television and film industry is scattered and needs to have a hub for more content . “The entire television & film industry is locally based; if we create a Bhojpuri media hub, more professional players will attend the market, allowing the category to grow as a whole.” And, most likely, it will result in a more robust ecosystem that will be locally based outside of the region, providing job opportunities to local technicians as well.”

    Zee Biskope is soon coming up with Bhojpuri originals to make it a movie channel. Speaking on this development, Saini said that the consumer has the capacity to grow more, but this growth will be slow and somebody will have to take the leadership position of experimenting, inviting that challenge. “There will obviously be a failure rate, because every new experiment will not work the first time. Some would require fine tuning, while others would necessitate some level of investment to get people used to a new kind of entertainment, like we are attempting to make it a movie, plus people are so used to seeing only movies on a movie channel. In the initial attempt, we are attempting to bring original shows based on Bhojpuri fandom as another vertical, as well as homegrown movies as a different vertical, ” he concluded.

  • CCI approves Sony-Zee merger ‘with certain modifications’

    CCI approves Sony-Zee merger ‘with certain modifications’

    Mumbai: On Tuesday, the Competition Commission of India (CCI) announced the amalgamation of Zee Entertainment Enterprises (ZEE) and Bangla Entertainment (BEPL) with Culver Max Entertainment (CME), formerly known as Sony Pictures Networks India.

    The amalgamation has been approved “with certain modifications,” the commission said in an official release.

     

     

    According to a statement, CCI stated, “The proposed combination relates to (i) amalgamation of each of Zee and BEPL with and into CME; and (ii) preferential allotment of certain shares by CME to Sunbright International (earlier known as Essel Holdings), and Sunbright Mauritius Investments.”

    Also read: NCLT seeks shareholder nod for Zeel-Sony merger

    Commenting on this development, Sony Pictures Network India said “We are delighted to receive CCI approvals to merge ZEEL into SPN. We will now await remaining regulatory approvals to finally launch the new merged company. The merged company will create extraordinary value for Indian consumers and eventually lead the consumer transition from traditional pay TV into the digital future.”

    In December, Sony and Zee agreed to merge their television channels, film assets, and streaming platforms to form a powerhouse in a key growth market of 1.4 billion people, challenging rivals such as Walt Disney Co.

  • Disney Star to licence ICC television broadcasting rights to Zee for four years

    Disney Star to licence ICC television broadcasting rights to Zee for four years

    Mumbai : Zee Entertainment Enterprises Ltd (Zeel) and Disney Star announced that they have entered into a strategic licensing agreement under which the latter will licence to the former  the television broadcasting rights of the International Cricket Council’s (ICC) Men’s and Under 19 (U-19) global events for four years.

    Disney Star will continue to be the sole provider of ICC tournament streaming via its digital platform, Disney+ Hotstar. This arrangement has been approved by the ICC.

    “This is a first-of-its-kind partnership in the Indian media and entertainment landscape, and this association with Disney Star reflects our sharp, strategic vision for the sports business in India. As a one-stop television destination for ICC men’s cricket events until 2027, Zee will leverage the strength of its network to offer a compelling experience for its viewers and a great return on investment for its advertisers,”  said Zeel managing director & CEO Punit Goenka. “Long-term profitability and value-generation continue to be our areas of focus across the business, and we will always evaluate all the necessary steps that will enable us to make sports a compelling value proposition for the company. We look forward to working with ICC and Disney Star, to enable this strategic offering for our television viewers in India.”

    This agreement allows Zeel to exclusively  telecast on TV marquee events such as the  ICC Men’s T20 World Cup (2024, 2026), ICC Men’s Champions Trophy (2025), and ICC Men’s Cricket World Cup (2027), as well as key ICC U-19 events.

    Also reads:  Disney Star retains ICC TV & digital rights for India till 2027

    Disney Star president & country manager K Madhavan said, “By securing the IPL television broadcast rights for 2023-27 and now opting to retain only the digital rights for ICC tournaments for 2024-27, we have in place a balanced and robust cricket offering for our audiences across linear and digital. Over the years, Disney Star has strengthened the appeal of international cricket in India, enabling it to reach diverse age groups and cultural demographics across all parts of the country. As India’s leading media house, we will continue to do so with our strong portfolio of cricket properties across television and digital.”

    With the ICC digital rights secured for the next four years, Disney Star continues to remain India’s home of sports. Its current portfolio also includes IPL television rights (2023-27), Cricket Australia television and digital rights (2023-2030), BCCI television and digital rights (2023), and Cricket South Africa television and digital rights (end of 2023-2024). Other major sports properties available on its platforms, in addition to cricket, include the Pro Kabaddi League, the Indian Super League, the Wimbledon Championship, and the English Premier League.

  • ‘Vilangu’ becomes the most-watched Tamil original series on Zee5

    ‘Vilangu’ becomes the most-watched Tamil original series on Zee5

    Mumbai: Zee5’s “Vilangu” has become the most-watched Tamil original series on the platform, the streamer announced on Wednesday.

    Starring Vemal in the lead role, the seven-episode series is directed by Prashanth Pandiyaraj and produced by Escape Artists Madan. The series began streaming on Zee5 starting from 18 February.

    The investigative drama has an IMDb rating of 8.1 that follows the protagonist Paridhi who is a sub-inspector in Vembur Police Station, Trichy. While trying to balance his personal and professional life, Paridhi is embroiled in a race against time to solve a mysterious crime. A special screening of the series was attended by the Kollywood fraternity and Tamil Nadu police, who praised the film on social media Twitter.

    “We are delighted to note the success and critical acclaim received by our original web series – ‘Vilangu’,” said Zee Entertainment Enterprises Ltd chief cluster officer – South Siju Prabhakaran. “With 20+ Zee5 originals, we have been disrupting the Tamil entertainment industry and growing our dominance in the market. Zee5 has been successful in churning out creative content for its viewers while experimenting with a wide range of genres for our audiences globally. From blockbuster movies and light-hearted comedy shows to dark crime-thrillers, the wide portfolio of shows has been instrumental in the surge in viewership appealing to both older and newer audiences. The response received by ‘Vilangu’ has strengthened our commitment to continue on this journey of engaging and entertaining audiences with ground-breaking content.”

  • Zeel returns with #TVIsFamily campaign on World TV Day

    Zeel returns with #TVIsFamily campaign on World TV Day

    Mumbai: Zee Entertainment Enterprises Ltd (Zeel) has announced the launch of the second edition of its #TVIsFamily campaign to mark the occasion of World Television Day. The campaign kickstarted on 19 November.

    This year the campaign has a quirky twist with the introduction of peers of the television set – radio, mobile phone, laptop, cinema, etc. highlighting the conversation between these gadgets on television’s special day.

    Taking last year’s thought forward, the campaign aims to personify television and focus on the ubiquitous role it plays in every family, be an undeniable presence through the highs and lows, the laughter, and much more. The campaign further acknowledges the growing influence of other gadgets in users’ life for consuming content, before asserting that despite this, 765 million people across the country still spend an incomparable 903 billion mins watching TV every week, said the statement.

    “TV has been the most trusted and preferred medium reaching 200 million households for decades now,” said Zeel chief marketing officer content business Kartik Mahadev. “Last year, the ad film received a phenomenal response from viewers who related to the bond they share with television. With more and more mediums of entertainment and information emerging in the past few years, we wanted to bring to the fore how television will always have an undeniable chord with the viewers for generations to come.”

    Zeel is building one of the biggest digital walls on its social media properties, sharing pictures of families recognizing television as an integral part of their lives. Along with participation from the viewers, the digital wall also includes the star cast from some of Zee’s most iconic shows. From Zee TV’s “Kumkum Bhagya” and Zee Bangla’s “Hruta” to Zee Keralam’s “Neeyum Njanum,” and Zee Telugu’s “Rowdy Gari Pellam,” the characters of multiple primetime shows have sparked social media banter around celebrating the small screen’s presence by posing for a family portrait with television.

     

     
     
     

     
     
     
     
     

     
     

     
     
     

     
     

    A post shared by ZEE (@zeecorporate)

     

  • Zeel-Invesco tussle: NCLT hearing to be held on 27 Oct

    Zeel-Invesco tussle: NCLT hearing to be held on 27 Oct

    Mumbai: In a new development in the boardroom battle between Zee Entertainment Enterprises Ltd (Zeel) and it’s majority shareholder Invesco Developing Markets Fund, the National Company Law Tribunal (NCLT) has scheduled the next hearing on 27 October.

    The case will be heard a day after the Bombay high court hearing on 26 October.

    In its reply to Invesco’s petition, Zeel claimed that the ‘sudden and abrupt’ issuance of of the requisition notice seeking removal of the sitting managing director and chief executive officer Punit Goenka’s from the board appears to be a ‘malafide and motivated’ action, according to an ET report.

    The affidavit also claimed that Invesco not only wanted to take control of the board of Zeel but also sabotage the merger deal with Sony Pictures Networks India to the disadvantage of shareholders.

    The Zeel-Invesco tussle began when the media company’s two top investors Invesco Developing Markets Fund and OFI Global China Fund LLC who combined own 18 per cent stake in the company had sent a requisition notice to the company on 11 September to call an EGM even after two weeks, the investors moved to NCLT, citing provisions of company law, according to which the company is bound to call for an EGM within a specific number of days, if stakeholder demanding it owns more than 10 per cent of the company.

    The investors had also sought the removal of long-standing directors and close associates of the Chandra family from the board. The two independent directors Ashok Kurien and Manish Chokhani have already submitted their resignations.

    The investors moved to have six nominees appointed to the board of Zeel, which included Surendra Singh Sirohi, Naina Krishna Murthy, Rohan Dhamija, Aruna Sharma, Srinivasa Rao Addepali, and Gaurav Mehta as independent directors of the board for a term up to five consecutive years. The notice was received by Zeel on 12 September, and it informed the stock exchanges on 13 September, adding that the appointments are subject to approval by the ministry of information and broadcasting (MIB).

    Zeel refused to conduct the EGM citing ‘shareholders interest’ and moved to Bombay high court on 2 October seeking to declare the requisition notice as “illegal and invalid.” Meanwhile, Invesco filed a petition with the NCLT to demand their right to call for an EGM.

  • ‘Will safeguard Zee and its future’: Punit Goenka on Zeel-Invesco tussle

    ‘Will safeguard Zee and its future’: Punit Goenka on Zeel-Invesco tussle

    Mumbai: In a new development, Zee Entertainment Enterprises Ltd (Zeel) managing director and chief executive officer has publicly spoken regarding the company’s ongoing boardroom battle with its investor, Invesco Developing Markets Fund.

    “We will ensure that no one maligns the intrinsic value of this company for their own benefit, and I continue to pursue this in the best interest of all our shareholders and at immense personal costs,” stated Goenka.

    Referring to the merger proposal with media business under Reliance Industries in February-March, he wrote that the reason for disclosing the series of communications exchanged between Invesco and the board of directors of Zeel was “to bring the truth out in the interest of all our stakeholders.”

    According to Goenka, the valuation attributed to the media entities under Reliance was inflated by Rs 10,000 crore and as a result, felt that the deal would result in a loss for shareholders of the company.  

    “My attention was on the imbalance observed in the valuation and how it was not in the best interest of our shareholders. The only reason I did not agree to the proposal was that the shareholder value was getting compromised,” he added.

    Goenka acknowledged the stance taken by Invesco but noted that “communications pertaining to such proposals are always well-documented, and they speak to the contrary.”

    On a personal note, he questioned Invesco’s intentions on the basis of their actions and asked pertinent questions, “Why didn’t Invesco make its plans public earlier? Does good corporate governance only apply to corporates and not their institutional investors?”

    He affirmed his faith in the Indian judicial and regulatory system and said that under the guidance of his legal counsel he would take the “required steps to safeguard Zee and its future.”

    The Zeel-Invesco tussle began when the media company’s two top investors Invesco Developing Markets Fund and OFI Global China Fund LLC who combined own 18 per cent stake in the company had sent a requisition notice to the company on 11 September to call an EGM even after two weeks, the investors moved to NCLT, citing provisions of company law, according to which the company is bound to call for an EGM within a specific number of days if stakeholder demanding it owns more than 10 per cent of the company.

    The investors had also sought the removal of long-standing directors and close associates of the Chandra family from the board. The two independent directors Ashok Kurien and Manish Chokhani have already submitted their resignations. 

    The investors moved to have six nominees appointed to the board of Zeel, which included Surendra Singh Sirohi, Naina Krishna Murthy, Rohan Dhamija, Aruna Sharma, Srinivasa Rao Addepali, and Gaurav Mehta as independent directors of the board for a term up to five consecutive years. The notice was received by Zeel on 12 September, and it informed the stock exchanges on 13 September, adding that the appointments are subject to approval by the ministry of information and broadcasting (MIB).

    Zeel refused to conduct the EGM citing ‘shareholders interest,’ and moved to Bombay high court on 2 October seeking to declare the requisition notice as “illegal and invalid.” Meanwhile, Invesco moved a requisition petition with the National Company Law Tribunal (NCLT) to call for an EGM.

    The next Bombay high court hearing is scheduled for 21 October and the next NCLT hearing is scheduled for 22 October.

  • Zeel-Invesco tussle: We have never resorted to any hostile transactions, says Reliance

    Zeel-Invesco tussle: We have never resorted to any hostile transactions, says Reliance

    Mumbai: Reliance Industries Ltd (RIL) has released a statement after being embroiled in the Zeel-Invesco dispute on Wednesday. The company said that it has never resorted to “hostile transactions” and noted that reports in the media are not accurate.

    Reliance Industries became entangled in the tussle between Zee Entertainment Enterprises Ltd (Zeel), and their investor Invesco Developing Markets Fund, after the latter revealed that Reliance was the “Strategic Group” that was looking to merge its media business with Zeel earlier this year in February-March.  

    As per the proposal, 40 per cent of the merged entity would belong to existing shareholders while 60 per cent would be controlled by RIL. Furthermore, the promoter family would retain its existing 3.99 per cent stake in the merged entity.

    According to the statement, Invesco assisted Reliance in arranging discussions directly between their representatives and Punit Goenka who is a member of the founding family and managing director of Zeel.

    Reliance had made a broad proposal for the merger of their media properties with Zeel. “The valuations of Zee and our media properties were arrived at based on the same parameters. The proposal sought to harness the strengths of all the merging entities and would have helped to create substantial value for all, including shareholders of Zee,” the company said.

    Reliance confirmed that the proposal included the continuation of managing director Punit Goenka and the issue of ESOPs to management including Goenka. “Reliance always endeavours to continue with the existing management of the investee companies and reward them for their performance,” it said.

    The fallout of the deal was attributed to differences between Goenka and Invesco with respect to a requirement of the founding family for increasing their stake by subscribing to preferential warrants. Invesco held the view that the founders could always increase their stake through market purchases.

    The Zeel-Invesco tussle began when the media company’s two top investors Invesco Developing Markets Fund and OFI Global China Fund LLC who combined own 18 per cent stake in the company had sent a requisition notice to the company on 11 September to call an EGM even after two weeks, the investors moved to NCLT, citing provisions of Company Law, according to which the company is bound to call for an EGM within a specific number of days if stakeholder demanding it owns more than 10 per cent of the company.

    The investors had also sought the removal of long-standing directors and close associates of the Chandra family from the board. The two independent directors Ashok Kurien and Manish Chokhani have already submitted their resignations. 

    The investors moved to have six nominees appointed to the board of Zeel, which included Surendra Singh Sirohi, Naina Krishna Murthy, Rohan Dhamija, Aruna Sharma, Srinivasa Rao Addepali, and Gaurav Mehta as independent directors of the board for a term up to five consecutive years. The notice was received by Zeel on 12 September, and it informed the stock exchanges on 13 September, adding that the appointments are subject to approval by the ministry of information and broadcasting (I&B).

    Zeel refused to conduct the EGM citing ‘shareholders interest,’ and moved to Bombay high court on 2 October seeking to declare the requisition notice as “illegal and invalid.”

    On 22 September, Zeel and Sony Pictures Networks India announced that they have signed a non-binding term sheet to merge the media assets of both companies. However, Invesco has raised concerns regarding aspects of the deal that allow the promoter family to increase their stake from 3.99 per cent to 20 per cent and has demanded that additional details of the proposed merger be furnished.

  • Zee-Invesco tussle: Bombay HC gives Invesco time till 20 Oct to file reply

    Zee-Invesco tussle: Bombay HC gives Invesco time till 20 Oct to file reply

    Mumbai: The Bombay high court on Wednesday heard the petition filed by Zee Entertainment Enterprises Ltd (Zeel) against the requisition notice sent by its investor Invesco Developing Markets Fund. The court has asked Invesco to file its reply by 20 October and will hear the matter on 21 October.

    National Company Law Tribunal (NCLT) has given Zeel time until 22 October to file its reply to Invesco’s requisition plea after a hearing on 8 October.

    Zeel’s two top investors Invesco Developing Markets Fund and OFI Global China Fund LLC who combined own 18 per cent stake in the company had sent a requisition notice to the company on 11 September to call an EGM even after two weeks, the investors moved to NCLT, citing provisions of Company Law, according to which the company is bound to call for an EGM within a specific number of days if stakeholder demanding it owns more than 10 per cent of the company.

    The investors had also sought the removal of long-standing directors and close associates of the Chandra family from the board. The two independent directors Ashok Kurien and Manish Chokhani have already submitted their resignations. 

    The investors moved to have six nominees appointed to the board of Zeel, which included Surendra Singh Sirohi, Naina Krishna Murthy, Rohan Dhamija, Aruna Sharma, Srinivasa Rao Addepali, and Gaurav Mehta as independent directors of the board for a term up to five consecutive years. The notice was received by Zeel on 12 September, and it informed the stock exchanges on 13 September, adding that the appointments are subject to approval by the ministry of information and broadcasting (I&B).

    Zeel refused to conduct the EGM citing ‘shareholders interest,’ and moved to Bombay high court on 2 October seeking to declare the requisition notice as ‘illegal and invalid.’