The Board of Directors of Zee Entertainment Enterprises is currently reviewing an order issued by the Securities and Exchange Board of India (SEBI) banning Subhash Chandra and Punit Goenka from holding positions as directors or key management personnel in a listed company. The board of Zee Entertainment Enterprises said that they are seeking appropriate legal advice to determine the next steps required.
R. Gopalan, Chairman of Zee Entertainment Enterprises expressed an unwavering commitment to enhancing shareholder value and noted the contribution of both Subhash Chandra and Punit Goenka in achieving this goal. The Board is confident that the Company will continue to meet its strategic goals and create value for all stakeholders.
The Board has agreed to take all necessary steps to ensure that the interests of the company and shareholders are prioritized. While the SEBI order raises some concerns, Zee Entertainment Enterprises is committed to securing the future of the business and generating value for all its stakeholders.
It remains to be seen what specific action the Board will take in response to the SEBI order. Nevertheless, Zee Entertainment Enterprises is likely to continue focusing on enhancing shareholder value and strategic priorities going forward.
