Zee Media (ZEEMEDIA) — Announcement

📢 Key Event
Revised auditor certificate confirms compliance with SEBI ICDR Regulation 169(5) for warrant-to-equity conversion allotment.

🔄 What Changed
Revised certificate supersedes prior submission and validates fund flow compliance.

💡 Investor Takeaway
Shareholders can view this as confirmation of regulatory compliance for the recent capital raise, reducing uncertainty around fund utilization.

Zee Media Corporation Limited announced that its statutory auditors, Ford Rhodes Parks & Co. LLP, issued a revised certificate confirming compliance with SEBI ICDR Regulation 169(5) for the allotment of 3 crore equity shares against warrants. The certificate supersedes the earlier submission and validates receipt of ₹6.375 crore upfront and [amount not verified] balance consideration from a foreign portfolio investor, ensuring adherence to regulatory requirements for fund flow and documentation.

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About Zee Media Corporation Limited (ZEEMEDIA)

Media Entertainment & Publication · Media - Print/Television/Radio · Listed on NSE

Market Cap: ₹564.32 Cr ROE: -1.1% ROCE: 5.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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