Zee Entertainment shareholders vote against reappointing Punit Goenka as director
Mumbai/IBNS: Zee Entertainment's shareholders have voted against the reappointment of Punit Goenka as a director, according to a company filing.
In a regulatory update, Zee Entertainment Enterprises Ltd (ZEEL) confirmed that the resolution to reappoint Goenka was rejected during the company’s annual general meeting (AGM).
ZEEL noted that the resolution did not receive the necessary majority as required under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
On the other hand, three other resolutions—concerning the approval of ZEEL's FY'24 financial statements, the declaration of dividends, and the ratification of remuneration to cost auditors—were approved.
ZEEL confirmed that "all resolutions, except for the third resolution," passed with the required majority.
Earlier this month, Goenka resigned as the managing director of ZEEL but remained in his role as CEO.
Zee Entertainment communicated Goenka's resignation to the stock exchanges, stating that he was "withdrawing his consent for his re-appointment as managing director of the company," as initially proposed in the AGM notice.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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