Monitoring Agency Report for the Quarter ended June 30, 2026

August 14, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block G, Corporate Relationship Department Bandra Kurla Complex (E) Phiroze Jeejeebhoy Towers Mumbai —4 00051 Dalal Street, Mumbai — 400001 NSE Symbol - ZEEMEDIA Script Code - 532794 Kind Attn.: Corporate Relationship Department Reference: Disclosure under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Subject: Monitoring Agency Report Dear Sir/Madam, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find attached herewith the Monitoring Agency Report for the period up to May 7, 2026, in respect of the funds raised through convertible warrants aggregating to Rs. 200 Crore, which were subsequently forfeited and Monitoring Agency Report for the quarter ended June 30, 2026, in respect of the funds raised through convertible warrants aggregating to Rs. 119 Crore, both issued by CARE Ratings Limited. The aforesaid Monitoring Agency Reports were placed before and reviewed by the Audit Committee and t hh ee ewB io ta hr d aso f AnD ni ere xc ut ro er -s at (ct olh le yi )r respective meetings held on August 14, 2026, and the same is enclosed You are requested to kindly take the above on record. Yours truly, Contact No.:+ 91-120-715 3000 Encl. as above Zee Media Corporation Limited Corporate Offiic e: FC-9, Sector-16A, Fii lm Citi y, Noidida a -- 201301, UP, UP, India | Phone: +91-12: 0-7153000 . oo. Rowe Office: 135, Continental Building, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India | D: +91-22-71055001 W: www.zeemedia.in | Email: zmcl@zeemedia.com | CIN: LQ2IOOMH1999PLC121506 News Channels in Hindi ¢ English e Urdu ¢ Marathi * Bangla * Punjabi * Gujarati * Tamil ® Telugu * Kannada * Malayalam Monitoring Agency Report Care=cge RATINGS Annexure-1 (Colly) No. CARE/HO/GEN/2026-27/1154 The Board of Directors Zee Media Corporation Limited 135, Continental Building, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai, Maharashtra, 400018 August 14, 2026 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to preferential issue of fully convertible warrants of Zee Media Corporation Limited (“the Company”) We write in our capacity of Monitoring Agency for the preferential issue of fully convertible equity share warrants for the amount aggregating to Rs. 200.00 crore of the Company and refer to our duties cast under Regulation 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per the aforesaid SEBI Regulations and Monitoring Agency Agreement dated October 25, 2024. This is the final monitoring agency report for the aforementioned preferential issue. Request you to kindly take the same on records. Thanking you, Yours faithfully, Pounak Mr. Raunak Modi Assistant Director raunak.modi@careedge.in Report of the Monitoring Agency Name of the issuer: Zee Media Corporation Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The Monitoring Agency (MA) does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Pounak Signature: Name and designation of the Authorized Signatory: Mr. Raunak Modi Designation of Authorized person/Signing Authority: Assistant Director 1) Issuer Details: Name of the issuer : Zee Media Corporation Limited Name of the promoter/Promoter Group (Holding securities) : Auv Innovations Llp 25 FPS Media Private Limited Primat Infrapower And Multiventures Private Limited Arm Infra and Utilities Private Limited Sprit Infrapower & Multiventures Private Limited Elitecast Media Limited Industry/sector to which it belongs : Entertainment: TV Broadcasting & Software Production 2) Issue Details Issue Period : October 30, 2024, to November 08, 2024 Type of issue (public/rights) : Preferential issue Type of specified securities : Fully convertible equity share warrants IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 200.00 crore 3) Details of the arrangement made to ensure the monitoring of the issue proceeds: Source of information / certifications Comments of the Particulars Reply considered by Monitoring Agency for Comments of the Monitoring Agency Board of Directors preparation of report No funds were received in the quarter ending June 30, 2026, hence the utilization during the quarter is nil. All proceeds received till Q3 FY25 pertaining to the 25% upfront consideration on «gs subscription of preferential issue of share CA Certificate*, Management P P as gs . . warrants have been utilized as per the specified Whether all utilization is as per the disclosures in the Offer Declaration, PAS-4 form, Resolution objects ene P Yes passed in EGM* dated October 22, 2024 J , No comments Document? and Board Resolution dated May 08, The board of directors, vide resolution dated May 2026 08, 2026, approved the cancellation § of 13,33,33,333 warrants on account of failure of the allottees to pay the balance amount and exercise the option for conversion of the warrants within the stipulated period i.e. on or before May 07, Source of inform ation / certifications Comments of the Particulars Reply considered by Monitoring Agency for Comments of the Monitoring Agency Board of Directors preparation of report 2026, and accordingly forfeited the upfront subscription amount received from the allottees at the time of allotment of the warrants with effect from May 08, 2026. Accordingly, the balance issue proceeds of Rs. 150.00 crore is not receivable. However, no resolution was passed to revise cost post cancellation of warr [Showing first 8,000 characters — download PDF for full document]