In keeping with its primary business sectors, Zee Entertainment Enterprise Ltd. has identified new growth opportunities like an omni-channel business model and tech transformation with the goal of maximizing revenue creation. Punit Goenka, CEO of Zee Entertainment, discussed the company’s aspirations to create an omni-channel business model during the annual general meeting on September 15. We calibrated the costs of some important business divisions as a result of our careful cost management. By using its strengths to create an omni-channel business model, Zee hopes to strengthen the basis for future expansion. Significant work is being done to incorporate data-driven choices into content production, further integrating technology into our business processes,” he stated. In order to be competitive in the current market, Goenka also discussed the company’s goals to develop a talent pool that is “future-ready.”
Zee Entertainment Chairman R. Gopalan informed shareholders of the company’s recent strategy to improve multilingual services in order to satisfy customer preferences. The Board’s membership has been enhanced and updated to include people with a variety of domain-specific knowledge. As part of its efforts to increase shareholder value, Zee has increased its dividend to ₹2.43 per equity share. We are beginning to see increases in viewing across markets in the current fiscal year, and the steps being taken in this direction are continuing to be consistent. Zee has been able to drastically cut losses from the digital business thanks to coordinated efforts with a strong emphasis on profitability, he said.
The Board of Directors and Auditors’ financial statements and report for FY2024–2025, the reappointment of Saurav Adhikari as a non-executive non-independent director, and the appointment of Vinod Kothari & Company, practicing company secretaries, as secretarial auditors for a first term of five consecutive fiscal years, were among the six resolutions passed by shareholders during the AGM. They also fixed their compensation and paid commission to non-executive directors.
