Shareholders meeting

August 25, 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 Sub: Annual Report for the financial year ended March 31, 2026 Dear Madam/Sirs, This is with reference to our disclosure dated August 10, 2026, wherein the Company had informed that the 44th Annual General Meeting of the Company will be held on Thursday, September 17, 2026, at 4:00 p.m. IST (‘AGM’) through video conference and/or other audio- visual means. Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (‘Listing Regulations’), we are submitting herewith Notice convening the 44th AGM and the Integrated Annual Report of the Company, including the Business Responsibility and Sustainability Report, for the financial year 2025-26. The Notice of the AGM and Integrated Annual Report is being sent by electronic mode to the members of the Company whose e-mail IDs are registered with the Company / Registrar & Share Transfer Agent of the Company (RTA)/ Depository Participants (DPs). As regards to physical copy, the same will be provided to the members on a specific request. Further, in terms of Regulation 36(1)(b) of the Listing Regulations, the Company has issued letters to those shareholders, who have not registered their e-mail addresses with the Company/RTA/DPs, providing the weblink and QR code for accessing the Annual Report. A copy of the said letter is enclosed herewith. The Annual Report is also available on the website of the Company at https://www.zee.com/investors/investor-financials/ and the website of National Securities Depository Limited at www.evoting.nsdl.com . Kindly take the above on record Thanking you, Yours faithfully, For Zee Entertainment Enterprises Limited Ashish Agarwal Company Secretary FCS6669 Encl.: As above E X P A N D I N G H O R I Z O N S INTEGRATED ANNUAL REPORT 2025-26 ZEE ENTERTAINMENT ENTERPRISES LIMITED A defining moment in I 2 EXPANDING HORIZONS 36 MATERIAL MATTERS 4 FY26 HIGHLIGHTS 44 RISK MANAGEMENT 6 ABOUT THE REPORT 50 OUR STRATEGY our journey to build 10 ABOUT ‘Z’ 56 KEY PERFORMANCE INDICATORS CORPORATE 12 O UR BUSINESS AT A GLANCE 62 BUSINESS SEGMENT REVIEW a truly home-grown, OVERVIEW 16 GEOGRAPHIC PRESENCE 94 ESG AT ‘Z’ 18 INVESTMENT CASE 100 ENVIRONMENTAL 20 CEO’S MESSAGE 105 SOCIAL value-accretive digital 24 MARKETING HIGHLIGHTS 128 GOVERNANCE 28 BUSINESS MODEL 137 BOARD OF DIRECTORS 32 STAKEHOLDER ENGAGEMENT business for the world II 144 MANAGEMENT DISCUSSION AND ANALYSIS 190 AGM NOTICE 212 DIRECTORS’ REPORT 239 REPORT ON CORPORATE GOVERNANCE STATUTORY 269 B USINESS RESPONSIBILITY AND REPORTS SUSTAINABILITY REPORT (BRSR) To read the report online log on to zee.com III 322 STANDALONE 408 CONSOLIDATED C O N T E N T S FINANCIAL Scan the code to read the report STATEMENTS on your hand-held device For ‘Z’, that idea captures where we stand today. Over three decades, we have grown by staying close to audiences while continually reimagining how stories can reach them. Today, entertainment is changing again. Screens are multiplying, attention is shifting, and new generations are discovering content in different ways. The opportunity before us is therefore not simply to keep pace, but to look further. So we are widening our canvas. Building on the strength of our core while finding fresh ways to engage audiences. Taking our content into emerging formats and spaces. Extending the life and reach of the stories and intellectual properties we create. Bringing creativity and technology closer together to E X PA N D I N G imagine what entertainment can become next. Expanding Horizons reflects H O R I Z O N S this evolving ‘Z’: confident in the strength of its legacy, yet unwilling to be confined by it. Because with every audience we reach, every screen we enter and The most compelling journeys begin when every new way a story comes alive, the horizon moves further. the familiar gives way to possibility. And we are only beginning to discover what lies beyond. Integrated Annual Report 2025-26 Integrated Report Statutory Reports Financial Statements F Y 2 6 Financial Highlights ₹80,989 million ₹7,547 million 9.3% Operating revenue Adjusted EBITDA* Adjusted EBITDA margin* H I G H L I G H T S ₹27,595 million Cash and cash equivalents as at March 31, 2026 *Adjusted EBITDA excludes the impact of the change in estimates relating to the movie rights inventory amortisation pattern and FY26 marked a year of strategic progress, with new growth platforms, additional impairment, aggregating ₹4,084 million. stronger digital performance, wider audience engagement and continued investment in long-term value creation. Viewership and Digital Highlights Business Initiatives 17.4% 800 million+ 4.5+ All-India television network Monthly omni-channel ZEE5 app rating on Android FRESH CONTENT ‘Z’ R.I.S.E IN-SHOW BRAND share, up 60bps YoY unique reach Play store and iOS app store AND FREE-TO-AIR INTEGRATION EXPANSION Launched the Results, Strengthened through Integration, Strategy and Expanded the content character-led 300+ 53% ADJUSTED EBITDA Engagement initiative for retail, slate and re-entered the ‘Dilfluencer Moments’ BREAKEVEN Free-to-Air market SME and MSME advertisers Average Watch time (Mins) ZEE5 revenue growth YoY Delivered by ‘Z’s digital business SYNDICATION AND ANIMATION, VISUAL EFFECTS, CONTENT LIBRARY GAMING AND COMICS 176 million 217 billion MONETISATION (AVGC) YouTube subscribers across Video views across Zee Music Expanded monetisation Announced an investment of up Zee Music Company channels Company’s YouTube channels across platforms and markets, to ₹1,160 million in Phantom Digital supported by a Multi-Channel Effects Limited to strengthen Network licence content creation capabilities ESG Highlights New Initiatives TOP 5% 20.5% 30,182 BULLET KIDZ SYNDICATION Ranked among global Media, Women representation CSR beneficiaries Launched as a mobile-first Launched on ZEE5, marking Launched to engage entrepreneurs Movies and Entertainment micro-drama platform for Gen Z our expansion into kids’ across Bharat, particularly Tier 2 companies in the S&P Global and millennial audiences entertainment and Tier 3 markets Corporate Sustainability Assessment 2025 LIVE ENTERTAINMENT REGIONAL SPORTS Made an investment of ₹200 Expanded our presence across 3.4% 137,011 98% million in Culture of Real regional and emerging sports to Experiences Private Limited to build local relevance Reduction in energy Employee learning Procurement from expand into live entertainment consumption from electricity hours domestic vendors Integrated Annual Report 2025-26 Integrated Report Statutory Reports Financial Statements A B O U T T H E ‚ National Guidelines on Responsible Business Conduct EXTERNAL REVIEW AND ASSURANCE (NGRBC) The standalone and consolidated financial statements ‚ SEBI (Listing Obligations and Disclosure Requirements) have been independently audited by Walker Chandiok Regulations, 2015, as amended & Co LLP, Chartered Accountants. ‚ Companies Act, 2013 and the rules made thereunder ‚ Indian Accounting Standards Selected sustainability information, including the applicable BRSR Core indicators and greenhouse ‚ United Nations Sustainable Development Goals gas disclosures, has been independently assured by R E P O R T ‚ Greenhouse Gas Protocol, where applicable TUV SUD South Asia Pvt. Ltd. Details of the reporting The relevant GRI and SASB content indices provide references criteria, boundary, level and scope of assurance are provided in the Independent Assurance Statement to the disclosures contained across the Report. on 312. SCOPE AND BOUNDARY Information outside the scope of independent Financial information presented in this Report is based assurance has been subject to the Company’s intern [Showing first 8,000 characters — download PDF for full document]