Punit Goenka's reappointment bid fails at ZEEL's AGM
By Pragadish Kirubakaran in Media News on Friday, 29th November 2024 at 5:58pmAt the 42nd Annual General Meeting (AGM) of Zee Entertainment Enterprises Limited (ZEEL) held on November 28, 2024, via video conferencing, shareholders voted against the reappointment of Punit Goenka as a Director.
The resolution, which sought to reinstate Goenka, who had recently resigned as Managing Director, garnered 49.54% votes in favour but was outnumbered by 50.46% votes against it, thereby failing to secure the requisite majority, according to a regulatory filing.
The meeting, chaired by R Gopalan, saw participation from the Board, statutory auditors, and shareholders.
Gopalan emphasised ZEEL's efforts to ensure seamless participation through remote e-voting, which was also extended during the AGM for members who had not cast their votes earlier.
Goenka, in his address, ...
To continue reading this article...