Zee Media Corporation Completes Receipt of Consideration for Warrant Conversion Allotment
Zee Media Corporation Limited has received the consideration for the allotment of equity shares following the conversion of warrants by Foreign Portfolio Investors (FPIs). The transaction involved the issuance and subsequent conversion of 3,00,00,000 warrants into Equity Shares.The company reports that it received the initial 25% upfront payment amounting to Rs 6,37,50,000 on or before June 25, 2026, against the allotment of 3,00,00,000 warrants. The subsequent balance 75% allotment monies, totaling Rs 19,12,50,000, were received from the respective Allottee's bank account on June 30, 2026, for the allocation of 3,00,00,000 Equity Shares.
An independent audit report confirmed that the consideration payment was properly received. The auditor noted that there was no circulation of funds or mere passing of book entries in relation to the receipts of funds. This compliance ensures that the allotment procedures met regulatory requirements concerning both the 25% upfront amount (at a price of Rs 2.125 per warrant) and the balance 75% payment (at a Warrant Exercise Price of Rs 6.375).
The auditor further assured that the 25% upfront money received from allottees regarding unexercised convertible warrants had not been adjusted towards the remaining 75% allotment money of any Allottee or other allottees.
A summary of the status regarding various investors, as detailed in the accompanying statement, is provided below:
| Investor Name | Warrants Allotted (June 25, 2026) | Amount Received (25%) | Equity Shares Allotted (June 30, 2026) | Amount Received (75% Balance) | Unexercised Warrants (As of June 30, 2026) |
|---|---|---|---|---|---|
| Sun India Opportunities Investing Fund | 5,00,00,000 | Rs 10,62,50,000 | 3,00,00,000 | Rs 19,12,50,000 | 2,00,00,000 |
| Magnifica Global Opportunities VCC-MGO High Conviction Fund | 4,50,00,000 | Rs 9,56,25,000 | - | - | 4,50,00,000 |
| Minerva Ventures Fund | 4,50,00,000 | Rs 9,56,25,000 | - | - | 4,50,00,000 |
The aggregated data shows that out of the total 14,00,00,000 warrants issued, 3,00,00,000 were allotted in this specific transaction. The comprehensive examination conducted by the chartered accountants affirmed compliance with all relevant requirements pertaining to the receipt of consideration for the equity shares allotment.
ZEEMEDIA Stock Price Movement
Shares of Zee Media Corporation Limited rallied marginally on Monday, edging higher and closing at ₹7.96, reflecting a 0.25% gain. The movement was supported by strong trading activity, with 823,511 shares transacting during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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