ZEEL

- Zee Entertainment Enterprises Ltd has intimated that a board meeting is scheduled for November 12, 2026. - The meeting will discuss views and concerns regarding the decline in equity share price and measures to enhance shareholder value. - The board will consider a proposal for a share buy-back, interim dividend, or other value-enhancement measures. - The trading window for designated persons remains closed until 48 hours after the board meeting outcome.

Current scenario - Q2 FY27 operating revenues grew 13% YoY driven by strategic investments in the sports business (FIFA World Cup and newly launched Unite8 Sports channels) and digital offerings. - ZEE5 digital revenues more than doubled YoY, clocking INR 6.3 billion, driven by multilingual content slates and sports streaming. - Advertising revenue remained flat YoY due to a subdued macroeconomic sentiment and the shift of the festive season to Q3, but saw a 20% sequential growth. - Subscription revenue grew 30% YoY, aided by higher ARPU, subscriber growth in digital, and pricing revisions in linear TV. Changes in trends - Operating costs increased by 18% YoY due to higher marketing, advertising, and programming expenses associated with FIFA and new strategic initiatives (such as Bullet and KidZ). - EBITDA stood at INR 708 million with an EBITDA margin of 3.2% (impacted by front-loaded investments in new initiatives; excluding this, margins would have been mid-to-high single-digit). - Profit after tax (PAT) for the quarter came in at INR 456 million. - Cash and treasury investments as of September 2026 stood at INR 25.7 billion, including INR 7.4 billion received from preferential warrant allotment to promoters. Management Guidance & Outlook - Management remains cautiously optimistic for H2 FY27, expecting accelerated subscription revenue growth compared to normalized levels, backed by a healthy 35% to 40% retention rate of FIFA subscribers and an exciting upcoming content slate. - Advertising revenue is expected to sustain its momentum without further declines in H2, supported by the ongoing festive season. - Digital business unit economics remain strong, with growth momentum expected to continue into H2.

- Zee Entertainment Enterprises Limited has submitted the audio recording of the conference call held for the quarter and half year ended September 30, 2026. - The audio recording has been made available on the company's website as per regulatory compliance.

Zee Entertainment reported Q2 FY27 Operating Revenue of Rs 22,246 Mn, up 13% YoY. - ZEE5 revenue grew 101% YoY to Rs 6,260 Mn, driven by FIFA 2026 digital viewership. - Company maintained a healthy balance sheet with cash and cash equivalents of Rs 25.7 Bn as of September 2026. - TV network share reached 20% in Week 24, achieving the highest viewership share in over 7 years.

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- Zee Entertainment Enterprises Ltd updated the list of Key Managerial Personnel authorized to determine the materiality of events and make disclosures under Regulation 30(5) of SEBI LODR Regulations. - The revision is due to a change in the Company Secretary and Compliance Officer, effective November 2, 2026. - Authorized KMPs include Mr. Punit Goenka (CEO), Mr. Mukund Galgali (CFO), and Ms. Sangeeta Shetty (Chief Compliance Officer and Company Secretary).

- Zee Entertainment Enterprises Limited has announced the appointment of a new Chief Compliance Officer and Company Secretary. - The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

- Mr. Ashish Agarwal resigned as Chief Compliance Officer and Company Secretary (KMP) effective October 29, 2026, due to personal reasons. - Ms. Sangeeta Shetty has been appointed as the new Chief Compliance Officer and Company Secretary effective November 02, 2026. - Ms. Sangeeta Shetty brings over two decades of experience in corporate governance, compliance, and secretarial functions.

- Q2 FY27 Operating Revenue reached ₹22,246 Mn, up 13% YoY. - EBITDA stood at ₹708 Mn with an EBITDA margin of 3.2%. - ZEE5 revenue surged 101% YoY to ₹6,260 Mn with a positive EBITDA of ₹416 Mn. - Cash and cash equivalents stood at ₹25.7 Bn as of September 2026.

- Q2 FY27 Operating Revenue stood at ₹22,246 Mn, up 13% YoY, with EBITDA at ₹708 Mn (3.2% margin). - ZEE5 revenue surged 101% YoY to ₹6,260 Mn, delivering positive EBITDA of ₹416 Mn. - All India TV Network share reached 20% in Week 24; Cash balance stood at ₹25.7 Bn.

Q2 FY27 Consolidated Revenue ₹2,225 Cr vs ₹1,969 Cr (▲13% YoY) EBITDA ₹86 Cr vs ₹159 Cr (▼46% YoY) PAT ₹46 Cr vs ₹77 Cr (▼40% YoY) EBITDA Margin 3.9% vs 8.1% (▼422bps)

Q2 FY27 Consolidated Revenue ₹2,224.6Cr vs ₹1,969.2Cr (▲13.0% YoY) EBITDA ₹85.8Cr vs ₹159.1Cr (▼46.1% YoY) PAT ₹45.6Cr vs ₹76.5Cr (▼40.4% YoY) EBITDA Margin 3.9% vs 8.1% (▼422bps)

Q2 FY27 Standalone Revenue ₹2,064Cr vs ₹1,848Cr (▲11.7% YoY) EBITDA ₹46.3Cr vs ₹147.3Cr (▼68.6% YoY) PAT ₹209.8Cr vs ₹78.3Cr (▲167.9% YoY) EBITDA Margin 2.2% vs 8.0% (▼573bps)

- Board of Directors meeting scheduled for Friday, October 30, 2026. - Agenda: Consider and approve unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026. - Investor conference call scheduled for October 30, 2026. - Trading window remains closed until 48 hours post result announcement.

- Board Meeting scheduled on Friday, October 30, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. - Company will hold an investor conference on October 30, 2026. - Trading window remains closed until 48 hours post results announcement.

- Board meeting scheduled on Friday, October 30, 2026. - To consider and approve unaudited standalone and consolidated financial results for Q2/H1 ended September 30, 2026. - Investor conference to be held on October 30, 2026.

- Zee Entertainment Enterprises Limited has appointed Mr. Suraj Singh as the Business Head of Zee Studios, designating him as a Senior Management Personnel. - The appointment is effective from November 10, 2026, under full-time employment. - Mr. Suraj Singh brings over 24 years of leadership experience in the media and entertainment sector.

- Mr. Suraj Singh has been appointed as the Business Head of Zee Studios. - Effective date of appointment is November 10, 2026. - Designated as a Senior Management Personnel of the Company. - Brings over 24 years of leadership experience in the media and entertainment sector.

- Zee Entertainment Enterprises Limited received a notice from the Ministry of Corporate Affairs (MCA) under Section 210(1)(a) & (c) of the Companies Act, 2013 on October 5, 2026. - The notice seeks information in continuation to the ongoing inspection under Section 206(5) of the Companies Act, 2013. - The company has stated there is no quantifiable financial impact at this stage.

- Trading window for dealing in equity shares closed for Designated Persons from October 1, 2026. - Window to remain closed until 48 hours after the announcement of unaudited financial results for the quarter ending September 30, 2026.

- Zee Entertainment Enterprises Limited (ZEEL) clarified a news item regarding its shares falling 6% as reported by 'www.businesstoday.in'. - The Company stated it is not aware of any undisclosed information that has not been disclosed to the Stock Exchanges, which may have a bearing on its performance/operations. - ZEEL affirmed its compliance with SEBI Listing Regulations.

- Zee Entertainment Enterprises Limited clarified the shareholding percentage of the proposed allottee post conversion of fully convertible warrants on a preferential basis. - The percentage should be read as 2.01% instead of 1.40%.

- Statutory Auditor's Certificate on compliance with SEBI ICDR Regulations for allotment of 2,40,59,266 fully convertible warrants to Sunbright Mauritius Investments Limited. Auditors confirm upfront consideration of ₹75,78,66,879 (25% of issue price) was received by August 28, 2026, and the company complied with relevant regulations.

- Allotment of 2,40,59,266 fully convertible warrants to Promoter Group entity, Sunbright Mauritius Investments Limited, on a preferential basis. - Warrants issued at ₹126/- each (₹31.50 subscription price + ₹94.50 exercise price). - Company received ₹75,78,66,879 (25% of issue price). - Warrants are convertible into equity shares within 18 months upon payment of the remaining 75%. - This allotment represents a 1.40% shareholding on a fully diluted basis for the allottee post-conversion.

- Securities Appellate Tribunal (SAT) granted Zee Entertainment Enterprises Ltd. an extension of one working day to issue 2,40,59,266 warrants. - The extension was due to a technicality where subscription funds were deposited on time but credited the next day.

- Zee Entertainment Enterprises Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. - The BRSR forms an integral part of the Annual Report and includes an Independent Reasonable Assurance Statement by TUV SUD South Asia Pvt. Ltd.

- Zee Entertainment Enterprises Limited (ZEEL) submitted a Statutory Auditor's Certificate regarding the allotment of 20,94,47,805 fully convertible warrants to Sunbright Mauritius Investments Limited (Promoter Group Entity). - The auditors, Walker Chandiok & Co LLP, certified compliance with SEBI (ICDR) Regulations 169(4). - Upfront consideration of ₹6,59,76,05,857.50 was received for these warrants.

- Final equity dividend of Rs. 2/- per share for the financial year 2025-26 recommended. - The Record Date for determining eligible shareholders for the final dividend is Thursday, September 10, 2026.

- Allotment of 20.94 Cr fully convertible warrants to promoter group entity, Sunbright Mauritius Investments Limited, on a preferential basis at ₹126/- per warrant. - The company received ₹659.76 Cr (25% of the issue price). - Warrants are convertible into equity shares within 18 months, leading to a 17.90% diluted shareholding for the allottee.

- Zee Entertainment Enterprises Ltd. (ZEEL) appointed Mr. Ashish Mishra as Chief Marketing Officer (CMO), effective August 17, 2026. - He is designated as Senior Management Personnel and will report to CEO Punit Goenka. - This appointment aims to strengthen marketing capabilities and drive growth for the company.

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- Subdued macroeconomic sentiments and West Asia conflict impacted Q1 advertising revenue. - Q1 FY27 Financial Highlights: - ZEE5 digital revenue grew 58% YoY to ₹4,571 million, showing profitable growth for the third consecutive quarter. - Subscription revenue increased 16% YoY. - Overall EBITDA was ₹789 million, with a margin of 4.1%. PAT stood at ₹743 million. - Advertising revenues declined 11% YoY due to Middle East conflict. - Operating costs rose 15% due to higher advertising, publicity, and programming expenses for FIFA 2026 and new sports channels. - Growth Drivers & Strategic Initiatives: - Launched 4 new 'Unite8' sports channels and secured FIFA rights until 2034, along with Bundesliga and Serie A. - FIFA World Cup 2026 reached over 400 million consumers, boosting digital and linear platforms. - Achieved an all-time high network share of 20% (17.9% for the quarter) in 7 years. - Future Outlook & Guidance: - Cautiously optimistic about stronger 'green shoots' in the upcoming festive season, with marginal macro-economic recovery and cooling West Asia uncertainty. - Expect digital growth momentum and a significant boost in Q2 ad and subscription revenue due to FIFA knockout stages. - Management aims for the sports business to be sustainably profitable. - Outcome for Star arbitration case expected in Q3. - Fundraising plans are currently sub judice with the regulator and Securities Appellate Tribunal.

- Company issued a clarification regarding a news item on www.moneycontrol.com about SAT granting conditional relief in a SEBI case. - Zee Entertainment states it does not comment on media speculation and is unaware of any undisclosed information affecting its performance.

- Q1 FY27 Consolidated Operating Revenue ₹1,907.3 Cr vs ₹1,816.5 Cr (▲5% YoY) - Q1 FY27 Consolidated EBITDA ₹78.9 Cr (YoY comparison not provided) - PAT not provided. - Q1 FY27 Consolidated EBITDA Margin 4.1% (YoY comparison not provided)

- Q1 FY27 Standalone Revenue ₹17,809Mn vs ₹16,839Mn (▲5.8% YoY) - EBITDA ₹947Mn vs ₹1,924Mn (▼50.8% YoY) - PAT ₹473Mn vs ₹1,115Mn (▼57.6% YoY) - EBITDA Margin 5.3% vs 11.4% (▼610bps) - SEBI passed an order on July 31, 2026, imposing a penalty of ₹3 million and restraining the Company from accessing securities markets for two months, which the company is appealing. - Major litigation with JioStar India Private Limited claiming damages of USD 1,097 million is ongoing in arbitration.

- Q1 FY27 Standalone Revenue ₹1,780.9Cr vs ₹1,683.9Cr (▲5.8% YoY) - EBITDA ₹94.7Cr vs ₹192.4Cr (▼50.8% YoY) - PAT ₹47.3Cr vs ₹111.5Cr (▼57.6% YoY) - EBITDA Margin 5.3% vs 11.4% (▼610bps) - SEBI imposed a ₹3 million penalty and a 2-month market access restraint on the Company and current KMP, which the Company has appealed. - IDBI Bank has filed an application for Corporate Insolvency Resolution Process against the Company. - JioStar India Private Limited is claiming USD 1,097 million in damages in an ongoing arbitration related to broadcasting rights. - Board approved the re-appointment of Independent Directors (Ms. Deepu Bansal, Mr. Uttam Prakash Agarwal, Dr. Venkata Ramana Murthy Pinisetti, Mr. Shishir Babubhai Desai), Cost Auditors, and Internal Auditors.

- Q1 FY27 Standalone Revenue ₹17,809Mn vs ₹16,839Mn (▲5.8% YoY) - EBITDA ₹947Mn vs ₹1,924Mn (▼50.8% YoY) - PAT ₹473Mn vs ₹1,115Mn (▼57.6% YoY) - EBITDA Margin 5.3% vs 11.4% (▼610bps) - SEBI issued an order imposing a ₹3 million penalty and two-month market access restraint on the company, a KMP, and an ex-director, which the company has appealed. - IDBI Bank initiated Corporate Insolvency Resolution Process against the company, which it is contesting based on legal advice. - Ongoing arbitration with JioStar India Private Limited, which has claimed USD 1,097 million in damages for broadcasting rights.

- Q1 FY27 Consolidated Revenue ₹19,073 Mn vs ₹18,165 Mn (▲5% YoY) - Consolidated EBITDA and its YoY growth not explicitly provided. - EBITDA Margin 4.1% (YoY comparison not available). - Net Profit (PAT) figures not explicitly provided.

- Q1 FY27 Standalone Revenue ₹1,780.9Cr vs ₹1,683.9Cr (▲5.8% YoY) - EBITDA ₹94.7Cr vs ₹192.4Cr (▼50.8% YoY) - PAT ₹47.3Cr vs ₹111.5Cr (▼57.6% YoY) - EBITDA Margin 5.3% vs 11.4% (▼612bps) - SEBI imposed a penalty of ₹3 million and a two-month market access ban on the Company, a KMP, and an ex-director for alleged irregularities, against which the Company has appealed. - IDBI Bank has filed an application for Corporate Insolvency Resolution Process against the Company. - The Company is involved in an arbitration dispute with JioStar India Private Limited, which is claiming USD 1,097 million in damages.

- SEBI order on Aug 1, 2026, restrained Zee Entertainment (2 months) and its key personnel (Punit Goenka, Subhash Chandra - 12 months) from accessing the securities market. - Penalties were also imposed due to unauthorised property pledge, non-disclosure of related-party transactions, and false certifications. The company is evaluating the order.

- Shareholders approved fund-raising and Employee Stock Option Plan (ESOP) resolutions at an EGM on July 31, 2026. - The company will issue 24,94,85,563 warrants to a promoter group entity at Rs. 126 per warrant, amounting to Rs. 3143.5 crores, elevating promoter shareholding to 23.79%. - The 'Truly Yours' ESOP will grant 3,74,22,835 stock options to eligible employees.

- Zee Entertainment Enterprises Limited held an Extraordinary General Meeting (EGM) on July 31, 2026. - Shareholders approved the issuance of fully convertible warrants to the promoter group on a preferential basis (76.64% in favour). - The 'Truly Yours' Employee Stock Option Plan (ESOP) was approved (89.03% in favour). - Extension of the ESOP to employees of subsidiary companies was also approved (81.97% in favour).