Advertisement
Tuesday, Dec 07, 2021
Outlook.com
Outlook.com

Zee Entertainment Cancels Board Meeting Citing Lack Of Quorum

The media conglomerate stated that a revised date for convening the meeting of the board of directors would be announced with a fresh notice.

Zee Entertainment Cancels Board Meeting Citing Lack Of Quorum
Zee Entertainment Cancels Board Meeting Citing Lack Of Quorum
outlookindia.com
2021-10-26T14:29:03+05:30

Zee Entertainment Enterprises cancelled the meeting of the board of directors scheduled for October 27 owing to lack of quorum. It said a revised date of meeting would be informed in a fresh notice. 

The agenda of the board meeting was to consider and approve the unaudited financial results of the company for the second quarter and half year ending September 30.

Further, it said that the trading window for the company's scrip would be closed from shall remain closed till hours after the announcement of their quarterly and half-year financial results. 

The media conglomerate is scheduled to announce its results on October 27. 

The company had reported a consolidated net loss of Rs 9.06 crore in the June-end quarter citing expenses on exceptional items. It had registered a net profit of Rs 12.26 crore in the comparable period last year. Revenue from operation went up approx 28.8 per cent on a year-over-year basis at Rs 170.18 crore for the same period. 

At the time of publishing, Zee Entertainment was trading 1 per cent higher at Rs 307.50

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Nagaland Ambush: Not Just AFSPA, It’s Time To Do Away With Most Special Laws

Nagaland Ambush: Not Just AFSPA, It’s Time To Do Away With Most Special Laws

It may be time for India to uphold human dignity, take a hard look at some of its regressive laws like AFSPA which includes Special Laws that authorises detention without trial.

Why AFSPA In Jammu And Kashmir Is Not Just A Defence Act

Why AFSPA In Jammu And Kashmir Is Not Just A Defence Act

Has the AFSPA become an ideological Act, a tool to revise Kashmir history? Many analysts believe so.

Why England Are Resting James Anderson Vs AUS In 1st Ashes Test

Why England Are Resting James Anderson Vs AUS In 1st Ashes Test

The decision to rest Anderson at Gabba for the first Ashes 2021-22 Test is part of an English plan to keep the pace spearhead fresh for bigger challenges.

How Nagaland Incident Flared Up And Why There Is A Call To Repeal AFSPA?

How Nagaland Incident Flared Up And Why There Is A Call To Repeal AFSPA?

The Nagaland incident has highlighted several flaws in the Armed Forces Special Powers Act (AFSPA). What went wrong? We explain.

Advertisement