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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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment2/10

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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 [Showing first 8,000 characters — download PDF for full document]