ZEE Entertainment shareholders reject Punit Goenka’s reappointment as Director

Shareholders of Zee Entertainment Enterprises Ltd (ZEEL) have blocked Punit Goenka’s reappointment as a director of the company at the company’s annual general meeting (AGM).

At the EGM on Thursday, as many as 50.45 per cent shareholders were against Goenka being reappointed as Director, whereas 49.54 per cent of shareholders voted in favour, according to the exchange filing. “Resolution No. 3 (re-appointment of Goenka as Director) failed to get requisite majority of votes as required under the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,” the firm said in the exchange filing.