Zee Media Corporation Limited — Others, 06-05-2025: Monitoring Agency Report

Zee Media Corporation Limited has announced that CARE Ratings Limited’s monitoring report confirms no deviation in the utilization of proceeds from its Rs. 200 crore preferential issue of fully convertible warrants. Rs. 50 crore received has been fully used by December 2024, mainly to pay current liabilities, while the balance is yet to be received. No fund movement occurred in the recent quarter. The company is using the funds as planned, though it continues to report losses at the PAT level over the past three years, including the nine months of FY25.