Operating revenue fell 3% YoY from ₹2,046 crore to ₹1,979 crore last fiscal.
The investigation revealed that Deloitte was grossly negligent in auditing Zee's financial statements and violated several provisions of the Companies Act regarding related-party transactions.
The development comes at a time when Goenka, whose family owns approximately 4% of ZEEL and still retains management control.
Goenka will continue to serve as CEO for a five-year term until 2029 in spite of these changes.
The accusations related to Railtel claimed improper termination of a Content on Demand Agreement and the confiscation of cash.
He will continue on the board as a director pending shareholder approval, and the board has approved his desire to prioritise Zee's operational development plan.
Here are some of the stocks the stocks that may see significant price movement today: Britannia Industries, PNC Infratech, etc.
This partnership aims to enhance the distribution of Mukta Arts' films across various media platforms.
Zee stated that the arbitration is still in its early stages, and the LCIA Arbitral Tribunal has yet to determine whether the corporation is culpable in any way.
The withdrawal was based on the "mutual consent" of both parties, who settled their dispute and passed resolutions to withdraw the merger scheme.
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