Latest news with #Karani
Economic Times
08-07-2025
- Business
- Economic Times
Zee shareholders approve appointment of Divya Karani, Saurav Adhikari to board
Shareholders of 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. ADVERTISEMENT 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 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 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.' ADVERTISEMENT 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. (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
08-07-2025
- Business
- Mint
Zee shareholders approve appointment of directors
New Delhi: Shareholders of media and entertainment company Zee Entertainment Enterprises Ltd have approved the appointments of Divya Karani as an independent director and Saurav Adhikari as a non-executive director on the board of the company. While Zee said the approvals reflected shareholders' confidence in the board, proxy advisory firms iAS and SES had recommended against ratifying Adhikari's and Karani's appointments. Zee said its board has been making efforts to enhance its guidance to the management and strengthen the governance framework with policies. 'As part of this approach, the composition of the board is also being enhanced by enlisting experienced members from diverse sectors,' it added. Karani comes with over three decades of experience spearheading advertising and media agencies across India, South Asia, the UK and Asia Pacific. Previously, she served as the CEO of Dentsu Media, South Asia, leading the agency for over 12 years. She currently serves on the Board of Kulfi Collective, a media network that builds brands and studios that function at the intersection of content, commerce and culture, as its chairperson and executive director. Adhikari also comes with over three decades of domain expertise in global businesses and markets across technology, FMCG and consumer durables sectors as an operations, general management and investment specialist. His prior experience includes senior global leadership and executive roles across HCL, Unilever and PepsiCo, amongst others. He is currently the founder and senior partner at Indus Tech Edge Fund I, a growth fund focused on globalizing India's technology ecosystem. Zee's shareholders have been unhappy with the extent of control the promoters have over the company despite their small stake. Following its failed merger with the Indian entertainment business of Japan's Sony Group Corp., Zee has set in motion a turnaround plan to cut costs and double down on growth-focused investments. Zee is developing new business units to expand its audience and augment revenue streams, as per an investor presentation published this month.
Time of India
08-07-2025
- Business
- Time of India
Zee shareholders approve appointment of Divya Karani, Saurav Adhikari to board
Shareholders of 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.
