Punit Goenka

After focusing on implementing sharp, result-oriented steps in line with our strategic growth plan in FY’25, now Zee is transforming for the next era, Punit Goenka said

Zee promoters face another shareholder backlash: Proposal to subscribe to warrants defeated 60:40

In November 2024, shareholders had rejected the appointment of Punit Goenka, who is a promoter of the company, to the position of managing director.

Not taking loans or pledging shares for ZEE fund infusion: Subhash Chandra

Chandra’s comments came in an over 90 minute long call with analysts and investors, which the company said is part of its strategy to improve corporate governance and outreach to shareholders. 

Proxy advisory firms ask Zee shareholders to vote against warrant issuance to promoters

The planned allotment will increase the shareholding of chief executive officer Punit Goenka and family to 18.39 percent from 3.99 percent

What does proposed stake increase by Zee promoters mean for company, shareholders?

Promoters of Zee have proposed to increase their stake to 18.39 percent by subscribing to warrants worth Rs 2,237 crore, the company told stock exchanges on June 16

SEBI rejects ZEEL's, Punit Goenka's settlement applications; to probe further

The panel of Whole-time Members of SEBI rejected the applications filed by both, and also referred the matter to SEBI for further investigation.

Zee may have to take fresh call on Goenka salary after he withdraws MD bid, say governance experts

In the run-up to the AGM in which shareholder voted against his appointment to the board, Goenka withdrew his nomination for MD’s position and said he would continue as CEO

How retail investors of Zee blocked proposal to reappoint Punit Goenka as director

Even though 52 percent institutional voters supported the resolution, bulk of the retail voted against it

Not just Goenka reappointment, proxy advisor asks Zee shareholders to vote against adoption of financial statements

Both Goenka’s reappointment and the adoption of financial statements are ordinary resolutions, which as per Companies Act, require 51 percent of the votes cast at the AGM to be in favour of the resolution for it to pass.

Punit Goenka asks ZEE board to relinquish him from his position as managing director

With this move, Goenka wants to 'dedicate' his time for the future of the company and enhance its performance by focusing on operational responsibilities as CEO, the statement said

Punit Goenka to face a test of investor confidence at Zee Entertainment AGM

Analysts note that ZEEL’s institutional shareholders, including domestic mutual funds and foreign portfolio investors (FPIs), will play a critical role in determining Goenka’s continuity.

Zee's Punit Goenka proposes a biographical film on the life of Ratan Tata

R. Gopalan, Chairman of ZEEL, said that after approvals, the movie would be produced by ZEE Studios, to pay homage to Ratan Tata

ZEE names Mukund Galgali as acting CFO after Rohit Gupta steps down

Galgali has been with the ZEE group for more than 17 years and is currently leading the Commercial & Strategic Initiatives of the company.

Zee’s Punit Goenka proposes to cut 15% workforce, eyes leaner organisation structure

The media company said that Goenka has 'initiated the process of rationalization of the workforce by 15 percent, that will prune the staff strength across the company.' The core business units of the proposed structure will include broadcast, digital, movies and music.

Zee constitutes panel to examine allegations levelled against company

The panel headed by Justice (retd) Satish Chandra, will present a detailed report to the company's board, advising it on the future course of action

Sony scrapped $10 billion India merger as Zee failed to meet financial terms: Report

Zee denied the allegations in a letter to Sony, also reviewed by Reuters, and accused the Japanese company of "bad faith" in calling off the merger.

Zee-Sony merger: What litigation did Zee fight to keep the deal afloat?

ZEEL chief executive Punit Goenka and his father Subhash Chandra huffed and puffed and managed to blunt a series of adverse rulings against them by market regulator SEBI and company law adjudicator NCLT at the appellate level. That, however, did not prevent Sony Pictures from calling off its $10-billion merger deal with ZEEL. Here’s a look at the various cases.

‘Sign from the Lord,’ says Zee CEO Punit Goenka on Sony deal termination

Despite his earnest efforts, the merger between Sony's India unit and Zee Entertainment was called off, Goenka said

Zee's major investors seek regulatory intervention as Sony merger stalls

Investors may call for shareholders’ vote to replace the board if Punit Goenka refuses to step down

Sony board meets today to decide fate of $10-billion merger with Zee Entertainment

Despite the agreement in 2021 specifying Punit Goenka as the CEO of the newly formed company, Sony has shifted its stance and is now reluctant to have him lead the entity, especially in light of the ongoing regulatory investigation.

Zee Entertainment shares plunge 8%; market valuation falls by Rs 2,036 crore

The stock tumbled 12.66 per cent to Rs 242.30 during the day on the BSE. It ended at Rs 256.25 apiece, lower by 7.64 per cent.

Zee requests Sony to extend effective date of merger ahead of December 21 cut-off

ZEEL's request to push the merger date, despite clearing the regulatory hurdles, comes amid reports claiming that there is an eleventh-hour tussle between the two companies on who would helm the merged entity.

Sam Altman’s relevance to personal loan guarantees in India

The shock and sense of injustice that most Indians feel at the ouster of a founder from the company he or she founded also gives, in the same breath, legitimacy to founders being held responsible, without limit, for the failure of the company and for its resultant liabilities

NCLAT defers hearing IDBI's appeal against Zee Entertainment to December 6

In May 2023, the NCLT's Mumbai bench refused to entertain IDBI's plea noting that it was barred under Section 10A of the Insolvency and Bankruptcy Code (IBC).

Punit Goenka files caveat in SC in anticipation of SEBI's appeal against SAT order

On October, when SAT pronounced its order, SEBI's lawyers asked the appellate tribunal to stay its own order till they approach the Supreme Court. However, SAT refused to pass any such orders.