Zee Media Corporation Limited — Others, 05-05-2025: Change in Management

Zee Media Corporation has announced a board meeting where it approved the financial results for the quarter and half-year. The company reported a standalone net loss of Rs. 100.34 Cr on revenues of Rs. 465.5 Cr, with operating expenses at Rs. 608.21 Cr. The consolidated net loss was Rs. 119.42 Cr on revenues of Rs. 632.97 Cr. Despite losses and negative working capital, Zee Media maintains a healthy net worth and continues servicing its debt. The board approved reappointment of Cost Auditors and plans to raise USD 46.59 million via convertible warrants and unsecured FCCBs. Cost rationalization and improving operational cash flows remain key priorities amid ongoing legal issues.