Zee Media Corporation Limited has issued a Corrigendum to its Extra-Ordinary General Meeting (EGM) Notice dated May 18, 2026. This corrigendum, dispatched on June 2, 2026, provides additional details regarding the proposed utilization of funds from a preferential issue, as advised by the NSE. The EGM is scheduled to be held on Saturday, June 13, 2026, at 11:30 AM IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The Corrigendum clarifies the "Objects of the Preferential Issue" by inserting a table detailing the proposed utilization of funds amounting to up to ₹119 crore. The funds will be allocated as follows: ₹75 crore for Payment of Current Liabilities (including marketing payouts and payments to vendors and transponders, and repayment of working capital facility), ₹25 crore for Capital Expenditure (broadcast equipment and newsroom upgrades), and ₹19 crore for General Corporate Purposes. The company may utilize the ₹19 crore for its subsidiaries' financial assistance, subject to board approval. All other contents of the EGM Notice remain unchanged. The Corrigendum is available on the company's website and the websites of BSE, NSE, and NSDL.
