Zee shareholders approve appointment of Divya Karani, Saurav Adhikari to board
Zee Entertainment Enterprises Ltd.
(ZEEL) have approved the appointment of Divya Karani as an Independent Director and Saurav Adhikari as a Non-Executive Director to the company's Board.
The appointments were cleared through a remote e-voting postal ballot that concluded on July 8. More than 75% of the votes cast were in favour of the appointment.
According to the company, the approvals reflect shareholders' confidence in the board's direction and its efforts to drive value creation and long-term growth. The appointments are part of a broader initiative by ZEEL to reinforce its governance framework and align Board composition with strategic priorities.
Ms. Karani brings over 30 years of experience in advertising and media, having previously served as CEO of Dentsu Media, South Asia. She currently serves as Chairperson and Executive Director at Kulfi Collective, a modern media network focused on content, commerce, and culture.
Mr. Adhikari also brings more than three decades of experience in operations and investment roles across the technology, FMCG, and consumer durables sectors. His previous roles include leadership positions at HCL, Unilever, and PepsiCo. He is currently the Founder and Senior Partner at Indus Tech Edge Fund I, a growth fund focused on globalizing India's technology ecosystem.
Commenting on the appointments, R. Gopalan, Chairman of ZEEL, said: 'We are grateful to the shareholders for recognising the value that Ms. Karani and Mr. Adhikari will bring to the Board. Their sharp business acumen, coupled with their creative expertise from respective sectors, will only strengthen the Board's directional guidance to the management team as the Company progresses towards the targeted aspirations. We remain committed towards fortifying the Company and maximizing shareholder value, through all our decisions.'
The company's board recently approved a preferential issue of convertible warrants worth up to Rs 2,237.44 crore to promoter group entities Altilis Technologies and Sunbright Mauritius Investments, raising their stake from 3.99% to 18.39%, subject to shareholder approval at a 10 July EGM via video conferencing.
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