Zee shareholders approve appointment of Divya Karani, Saurav Adhikari to board
The appointments have been cleared by means of a distant e-voting postal poll that concluded on July 8. Greater than 75% of the votes solid have been in favour of the appointment.
In accordance with the corporate, the approvals replicate shareholders’ confidence within the board’s route and its efforts to drive worth creation and long-term development. The appointments are a part of a broader initiative by ZEEL to strengthen its governance framework and align Board composition with strategic priorities.
Ms. Karani brings over 30 years of expertise in promoting and media, having beforehand served as CEO of Dentsu Media, South Asia. She presently serves as Chairperson and Govt Director at Kulfi Collective, a contemporary media community centered on content material, commerce, and tradition.
Mr. Adhikari additionally brings greater than three a long time of expertise in operations and funding roles throughout the know-how, FMCG, and shopper durables sectors. His earlier roles embody management positions at HCL, Unilever, and PepsiCo. He’s presently the Founder and Senior Accomplice at Indus Tech Edge Fund I, a development fund centered on globalizing India’s know-how ecosystem.
Commenting on the appointments, R. Gopalan, Chairman of ZEEL, mentioned: “We’re grateful to the shareholders for recognising the worth that Ms. Karani and Mr. Adhikari will deliver to the Board. Their sharp enterprise acumen, coupled with their artistic experience from respective sectors, will solely strengthen the Board’s directional steering to the administration group because the Firm progresses in the direction of the focused aspirations. We stay dedicated in the direction of fortifying the Firm and maximizing shareholder worth, by means of all our selections.”The corporate’s board lately authorized a preferential concern of convertible warrants value as much as Rs 2,237.44 crore to promoter group entities Altilis Applied sciences and Sunbright Mauritius Investments, elevating their stake from 3.99% to 18.39%, topic to shareholder approval at a ten July EGM by way of video conferencing.
