BSEResult1d ago · 30 Oct 2026, 03:45 pm
Unaudited Standalone and Consolidated Financials Results for the quarter and half year ended 30th September, 2026
Zee Entertainment Enterprises Ltd · 505537
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Zee Entertainment Enterprises Ltd has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The results were approved by the Board of Directors and are in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also disclosed uncertainties related to ongoing investigations by SEBI and the Ministry of Corporate Affairs.
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Zee Entertainment Enterprises Ltd - 505537 - Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026
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October 30, 2026
The Listing Department, The Listing Department,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort Bandra-Kurla Complex,
Mumbai - 400 001 Bandra (East), Mumbai- 400 051
BSE Scrip Code Equity: 505537 NSE Symbol: ZEEL EQ
Dear Sir / Madam,
Sub: Outcome of the Board Meeting held on October 30, 2026
In compliance with the relevant provisions of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’), we would like to inform you that the Board of
Directors of the Company, at its meeting held today i.e. October 30, 2026, has inter-alia approved the Unaudited
Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30,
2026 (‘Financial Results’), as recommended by the Audit Committee of the Board; and
In respect of the above, we hereby enclose the Financial Results prepared in terms of Regulation 33 of the LODR
Regulations, along with the Limited Review Reports thereon issued by the Statutory Auditors of the Company.
Further, in terms of Regulation 33(2)(b) of the LODR Regulations, we hereby confirm that Mr. Uttam Prakash
Agarwal, Independent Director and Chairperson of the Audit Committee of the Board, is duly authorized by the
Board, at its meeting held today, to sign the Financial Results of the Company.
The Board Meeting commenced at 12:30 p.m. and concluded at 3.15 p.m.
Kindly take the above on record.
Thanking you,
Yours faithfully,
For Zee Entertainment Enterprises Limited
Punit Goenka
Chief Executive Officer
Encl: As above
Walker Chandiok & Co LLP
Walker Chandiok & Co LLP
42nd Floor,
Building Commerz Ill,
International Business Park,
Oberoi Garden City,
Off Western Express Highway,
Goregaon (East),
Mumbai-400063
T +91 22 6626 2699
Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and
Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To the Board of Directors of Zee Entertainment Enterprises Limited
1. We have reviewed the accompanying statement of standalone unaudited financial results (‘the
Statement’) of Zee Entertainment Enterprises Limited (‘the Company’) for the quarter ended 30
September 2026 and the year to date results for the period 01 April 2026 to 30 September 2026,
being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations'’).
2. The Statement, which is the responsibility of the Company’s management and approved by the
Company’s Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting
(Ind AS 34), prescribed under section 133 of the Companies Act, 2013 (‘the Act), and other
accounting principles generally accepted in India and is in compliance with the presentation and
disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express
a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent
Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim
financial information consists of making inquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is substantially
less in scope than an audit conducted in accordance with the Standards on Auditing specified under
section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would
become aware of all significant matters that might be identified in an audit. Accordingly, we do not
express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying Statement, prepared in accordance with the recognition and
measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other
accounting principles generally accepted in India, has not disclosed the information required to be
disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including
the manner in which it is to be disclosed, or.that.it contains any material misstatement.
if N/
% “was A\
Chartered Accountants Walker Chandiok & Co LLP i registered with
limited liabiity with dentification number AAC-
Offcasin Abmedabad, Bangaluru, Brubaneswar, Chandigarh, Chenna, Defvadun, Goa, Gurugram, Guwaha, Hyderabad, Indors, 2085 and has it registered offce at L41,
Jaipu, Koch, Kolkata, Mumbai, New Dehi, Noida and Pune Connaught Circus, Outer Crcle, New Delhi,
110001, India
Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results
and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
5. We draw attention to:
(a) We draw attention to Note 7 to the accompanying Statement, which describes the uncertainties
on account of ongoing investigation by the Securities and Exchange Board of India (‘SEBI"), the
related show cause notices received from SEBI from time to time including orders and appeals
made by the Company, and the investigation by the Ministry of Corporate Affairs (MCA'), in
respect of certain transactions with vendors of the Company and subsidiary company and other
matters as described in aforesaid note. Based on legal assessment, the management does not
expect any material adverse impact on standalone financial results of the Company with respect
to the aforesaid matters.
(a) We draw attention to Note 9 to the accompanying Statement describing the dispute with JioStar
India Private Limited ('Jiostar’), in relation to the Alliance Agreement for broadcasting rights of
the International Cricket Council's (ICC') men's global events for a period of four years in
respect of which Jiostar had claimed damages of USD 1,097 million, along with costs, expenses
and applicable interest until full payment, from the Company in an ongoing arbitration before
The London Court of International Arbitration ( the ‘Arbitral Tribunal’). The Company had filed
Statement of Defence, a counterclaim of USD 8.06 million along with interest thereon, and other
related pleadings against which Jiostar had also filed its responses. During the current quarter,
the final evidentiary hearing before the Arbitral Tribunal was completed. Pursuant to the Arbitral
Tribunal's directions, both parties have filed their post-hearing briefs. The management, based
on a legal opinion and its internal assessment, has determined that the Company is not in
default of the Alliance Agreement and believes that the claims made by Jiostar are unfounded
and legally not tenable and that it has strong and valid grounds to defend any claims in respect
of this matter.
Our Conclusion is not modified in respect of these matters.
For Walker Chandiok & Co LLP
Chartered Accountants_—
Firm Registration N93001076N/N500013
Partner ~
Membership No.: 504662
UDIN: 26504662SMZFO08939
Place: Mumbai
Date: 30 October 2026
Chartered Accountants Walker Chandiok & Co LLP i registered with
limited liabiity with identification number AAC-
Offi cAbmaedasbad , Bangalur, Bhubaneswar, Chandigarh, Chennai, Dhradun, Goa, Gurugram, Guahat, Hyderabad, ndore, 2085 and s its registered offce at L41,
Jaipu, Kochi Kokata, Mumbai, Now Delhi, Noida and Pune Connaught Circus, Outer Circle, New Delh,
110001, India
ZEE ENTERTAINMENT ENTERPRISES LIMITED
CIN No : L92132MH1982PLC028767
Regd. Off. 18th Floor, A Win
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