More Stories

Informist, Saturday, Aug. 1, 2026

MUMBAI – The Securities and Exchange Board of India has debarred Zee Entertainment Enterprises Ltd. from the securities market for two months and its Managing Director and Chief Executive Officer, Punit Goenka, and chairman emeritus, Subhash Chandra, for a year over an unauthorised pledge of the company's land in Hyderabad to secure loans taken by promoter-linked Essel group entities. The market regulator has also imposed penalties totalling INR 14.8 million on the parties, it said in an order dated Friday.

The regulator has imposed a penalty of INR 3 million on Zee Entertainment, INR 5.8 million on Goenka, and INR 6 million on Chandra, according to the order. The parties shall pay the penalty within 45 days from the receipt of the order, SEBI said.

The order followed SEBI's investigation on non-disclosure of title deeds of certain immovable properties of the company in the audit report for the financial year 2018-19 (Apr-Mar). It was found that the company's land in Hyderabad was used as security for loans taken by four entities linked to the Essel group without proper approvals.

For the March quarter, Zee Entertainment reported a consolidated net profit of INR 1.02 billion on revenues of INR 20.25 billion. Friday, shares of the company closed over 2% higher at INR 114.55 apiece on the National Stock Exchange.  End

Reported by Arya S. Biju

Edited by Shubhayan Bhattacharya

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.