Zee Entertainment Enterprises Limited’s board has approved the unaudited standalone and consolidated financial results for Q2 2026, as recommended by the Audit Committee. The Board meeting, held on October 16, 2025, addressed key financial outcomes and strategic decisions. A gain of ₹220 million was accounted under exceptional items relating to assigned rights. The financial results have undergone a limited review by statutory auditors.
Financial Performance Highlights
The Board of Directors at Zee Entertainment Enterprises Limited has approved the unaudited financial results for the quarter and half year ended September 30, 2025. Key highlights from the standalone statement include:
- Total non-current assets: ₹21,809 million
- Total current assets: ₹103,384 million
- Total equity: ₹106,577 million
The consolidated financial results reflect:
- Total non-current assets: ₹19,644 million
- Total current assets: ₹117,035 million
- Total equity: ₹115,334 million
Audit and Compliance
The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and are compliant with regulatory requirements. The audit committee played a crucial role in reviewing and recommending the results, ensuring transparency and accuracy. Statutory auditors have completed a limited review of these financial results.
Exceptional Items
During the review period, the company assigned certain rights to a third party resulting in a gain of ₹220 million, which has been accounted for as an exceptional item. This relates to the settlement with certain lenders of SNL and is presented as a gain.
Dispute with Jiostar
Zee Entertainment is currently involved in a dispute with JioStar India Private Limited regarding broadcasting rights, with Jiostar claiming damages of USD 1,003 million. The company maintains it is not in default of the Alliance Agreement and considers Jiostar’s claims legally untenable. Jiostar also initiated arbitration proceedings before London Court of International Arbitration (LCIA), and the company is defending itself against such claims.
Ongoing SEBI Investigation
An ongoing investigation by the Securities and Exchange Board of India (SEBI) continues to be a point of attention. A show cause notice (SCN) has been issued against the Holding Company, relating to alleged lien on a property for the financial year 2018-19. Zee has furnished its reply and filed a settlement application.
Source: BSE
