MUMBAI: And so the juggernaut of Zee Media continues to roll on. 

The company’s shareholders approved on 21 February two key special resolutions through a remote e-voting process, as set out in the postal ballot notice dated 13 January 2025.

The resolutions include an increase in the aggregate investment limit for foreign portfolio investors (FPIs) to 49 per cent of the company’s paid-up equity share capital on a fully diluted basis, as well as the issuance of securities amounting to Rs 400 crore or its equivalent in other currencies.

The proposals, aimed at strengthening Zee Media’s financial backbone, were passed with the requisite majority, reflecting strong shareholder support for the company’s growth initiatives. The first resolution got the go-ahead with 99.98 per cent of favourable votes, while the second one got 82.57 per cent ayes.