AUV Innovations Acquires 2.42% Stake in Zee Media

AUV Innovations LLP acquired 1.51 crore shares of Zee Media Corporation for ₹89.38 crores through open market purchase, increasing its holding to 9.41% under SEBI disclosure regulations.

Zee Media Faces ₹18.11 Cr Copyright Claim

Zee Media Corporation faces pre-institution mediation proceedings over alleged copyright infringement with damages claimed at ₹18.11 crores plus 18% interest by opposing party.

Zee Media Reports No Fund Utilization in Q2 FY26, Monitoring Agency Highlights Market Price Concerns

Zee Media Corporation submitted its monitoring agency report for the quarter ended September 30, 2025, showing no fund utilization during the period. The company had raised Rs. 200 crore through preferential issue of fully convertible equity share warrants in October-November 2024. CARE Ratings Limited, the monitoring agency, reported that no funds were received in the quarter, hence utilization was nil. All proceeds received in Q3 FY25 pertaining to 25% upfront consideration have been utilized as per specified objects. The monitoring agency noted that current market price per equity share is lower than the warrant exercise price, which may affect the viability of objects. The report also highlighted that Zee Media has been incurring losses at PAT level for the past 3 years and Q1 FY26. The company received Rs. 50 crore in the quarter ended December 31, 2024, which has been fully utilized. The warrant conversion deadline is May 6, 2026.

Zee Media Reports Rs 3,024 Lakh Loss for Half-Year Ended September 2025

Zee Media Corporation Limited reported a net loss of Rs 3,024 lakhs for the half-year ended September 30, 2025, compared to Rs 5,772 lakhs loss in the same period last year. Revenue from operations increased to Rs 25,887 lakhs from Rs 22,044 lakhs year-over-year. The company's working capital remains negative. On a quarterly basis, the company posted a loss of Rs 2,362 lakhs for Q2 FY26 versus Rs 4,324 lakhs loss in Q2 FY25. Total expenses for the half-year were Rs 29,312 lakhs. The company has allotted 13.33 crore fully convertible warrants to three Foreign Portfolio Investors for Rs 5,000 lakhs and approved raising funds through Foreign Currency Convertible Bonds up to USD 46.59 million. The Board has prepared financial results on a going concern basis citing business plans to secure higher revenues and cost rationalization measures.