BSECompany Update3d ago · 2 Aug 2026, 11:00 am
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Zee Entertainment Enterprises Ltd · 505537
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Zee Entertainment Enterprises Ltd has disclosed an order from the Securities and Exchange Board of India (SEBI) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order restrains the company and two individuals from accessing the securities market for a specified period and imposes penalties. The company is evaluating the contents and impact of the order.
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Zee Entertainment Enterprises Ltd - 505537 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended
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August 2, 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: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we wish to inform you that the
Company noticed an order of the Securities and Exchange Board of India published on the website of
SEBI on the morning of August 1, 2026 (‘Order’).
The Company was made aware of news publications reporting on the Order via online media (on July
31, 2026) and print media (on August 1, 2026). However, a full and complete copy of the Order was
available to the Company only on August 1, 2026, when it was published on SEBI’s official website, and
a copy thereof was served upon the Company only at 8:00 p.m. yesterday.
Further, we hereby inform you that the Company is currently evaluating the order in consultation with
legal advisors.
The details required to be disclosed as per Regulation 30 of SEBI Listing Regulations read with SEBI
Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as
Annexure – A.
A copy of the order is enclosed herewith for your information and record.
Kindly take the above on your record.
Thanking you,
Yours faithfully,
For Zee Entertainment Enterprises Limited
Ashish Agarwal
Company Secretary
FCS6669
Encl: As above
Annexure – A
Sr. Particulars Details
1. Name of the Securities and Exchange Board of India
authority
2. Nature and a) The following Noticees are restrained from accessing the securities
details of the market and further prohibited from buying, selling or otherwise dealing in
action taken or securities (including units of mutual funds), directly or indirectly, or being
order passed associated with the securities market in any manner, whatsoever, for the
following period, from the date of this order:
Name of Noticee PAN Period of Debarment
ZEEL AAACZ0243R 2 months (Two months)
Mr. Punit Goenka AAEPG2529E 12 months (Twelve months)
Mr. Subhash AACPC4004A 12 months (Twelve months)
Chandra
b) If the above Noticees have any open position in any exchange traded
derivative contracts, as on the date of the order, they can close out /square
off such open positions within 3 months from the date of order or at the
expiry of such contracts, whichever is earlier. The above Noticees are
permitted to settle the pay-in and pay-out obligations in respect of
transactions, if any, which have taken place before the close of trading on
the date of this order.
c) In addition, the following penalties have been imposed upon the
Noticees for violation of the provisions of the SEBI Act which is as follows:
Noticee Amount (In Rs.)
ZEEL 30 lakhs
Mr. Puneet Goenka 58 lakhs
Mr. Subhash Chandra 60 lakhs
3. Date of receipt of The Company noticed the Order uploaded on the website of SEBI on the
direction or morning of August 1, 2026.
order, including
any ad-interim or While news publications on the Order were in circulation via online media
interim orders, or (on July 31, 2026) and print media (on August 1, 2026), a full and complete
any other copy of the Order was available to the Company only upon its publication
communication on SEBI’s official website on August 1, 2026, and a copy thereof was
from the served upon the Company only at 8:00 p.m. yesterday.
authority
4. Details of the As mentioned in point no. 2 above and also referred to in paragraph 438
violation(s)/ of the Order.
contravention(s)
committed or
alleged to be
committed
5. Impact on The Company is evaluating the contents and impact of the Order and
financial, exploring the relevant options in that regard.
operation or
other activities of
the listed entity,
quantifiable in
monetary terms
to the extent
possible.
QJA/MN/CFID/CFID-SEC4/32566/2026-27
SECURITIES AND EXCHANGE BOARD OF INDIA
ORDER
UNDER SECTION 11(1), 11(4), 11(4A), 11B (1) and 11B(2) OF SECURITIES AND
EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF THE
SECURITIES AND EXCHANGE BOARD OF INDIA (PROCEDURE FOR HOLDING
INQUIRY AND IMPOSING PENALTIES) RULES, 1995.
In respect of:
Noticee No. Name of the Noticee PAN
1 Zee Entertainment Enterprises Ltd. AAACZ0243R
2 Mr. Punit Goenka AAEPG2529E
3 Mr. Subhash Chandra AACPC4004A
In the matter of unauthorised pledge of immovable property of Zee
Entertainment Enterprises Ltd.
(The aforesaid entities are referred to by their corresponding names/numbers
----------------------------------------------------------------------------------------------------------
BACKGROUND
1. SEBI
in pursuance of the SEBI interim order passed on June 12, 2023 observed that
the Statutory Auditors of Zee Entertainment Enterprises Ltd. (hereinafter referred
to ZEEL/ the company
March 31, 2019, that the title deeds of certain immovable properties of ZEEL were
missing.
2. SEBI took up the investigation of missing title deeds for possible violation of SEBI
(Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market)
PFUTP Regulations
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI LODR Regulations
3. Show Cause Notice and Allegation: Based on the findings of the investigation,
the following allegations were made against the Noticees:
Road No. 78, Jubilee Hills, Shaikpet Village, Hyderabad, admeasuring
17,639.64 square metres Hyderabad land , as
security for loans availed by four entities belonging to the Essel Group.
3.2 On December 13, 2016, four entities of Essel Group viz. Gnex Projects Private
Limited, Vivek Infracon Private Limited, Gnex Infrabuild Private Limited and
Renu Realtech Private Limited the borrowing entities had availed four
crores from Indiabulls Housing Finance
IHFL crores crores,
crores crores. Essel Home Private Limited Essel Home was
the co-borrower under the loan arrangements.
3.3 As on March 31, 2019, Essel Home held the entire share capital of each of the
four borrowing entities. Though the ownership of Essel Home was held
through multiple corporate layers, the investigation traced its ultimate
ownership and control to Ms. Sushila Goenka, Noticee No.2 and Essel
International Limited.
3.4 Noticee No.3 had held the entire beneficial ownership of Essel International
Limited as on January 21, 2013 and July 30, 2015. As on June 19, 2023, its
entire beneficial ownership was held by Celestine Family Trust, whose
beneficiaries were the family members of Noticee No.3. On this basis, the
SCN alleged that the borrowing entities and Essel Home were ultimately
controlled by Noticee No.3, Noticee No.2 and their family members.
Final Order in the matter of unauthorised pledge of immovable property of Zee Entertainment
Enterprises Ltd.
Page 2 of 150
3.5 This connection was a
disclosures. Edisons Infrapower & Multiventures Private Limited and Konti
Infrapower & Multiventures Private Limited, which indirectly held interests in
the borrowing entities, had been disclosed by ZEEL as related parties in its
financial statements for FY 2018-19 and FY 2019-20. They were described as
companies controlled by key managerial personnel and their relatives.
3.6 On November 14 and 15, 2018, IHFL issued two notices to the four borrowing
entities and Essel Home for failure to maintain the stipulated security cover.
The borrowing entities were called upon to create or provide additional
security and to pay default interest under the respective loan agreements.
3.7 It is in the above background that, it is alleged that on December 27, 2018,
Noticee No.3 executed a Declaration and Acknowledgment in favour of IHFL
2018 D&A
signatory of ZEEL and deposited with IHFL the original title deeds relating to
th
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