Production House
3B Films appoints Niki Tiwari as company secretary after Urvi Poriya exit
Board clears key compliance changes, postal ballot and scrutiniser role
MUMBAI: 3B Films Limited has appointed Niki Tiwari as its new company secretary and compliance officer, following the resignation of Urvi Poriya.
The decision was approved at a board meeting held on April 6, 2026. Tiwari’s appointment takes immediate effect, bringing in over a decade of post-qualification experience in corporate compliance and governance.
Poriya, a qualified company secretary, has stepped down from the role with effect from March 10, 2026. The company did not disclose further reasons beyond the formal resignation.
Alongside the leadership change, the board also approved the issuance of a postal ballot notice to seek shareholder approval on key matters. The company secretary has been authorised to oversee the process and ensure regulatory compliance in line with guidelines issued by the Securities and Exchange Board of India.
In a related move, the board appointed Kushal Rao, practising company secretary at K H Rao & Co, as the scrutiniser for the postal ballot process, including e-voting, to ensure a fair and transparent exercise.
The developments were confirmed in a communication signed by Ashokbhai Dhanjibhai Babariya, chairman and managing director of the company.
The changes reflect routine corporate governance updates, but also underline the company’s focus on strengthening compliance and shareholder engagement processes as it moves forward.
Production House
Zee Entertainment redeems FCCBs and restructures content business
Media giant streamlines operations with bond redemption and fresh investments.
MUMBAI: Zee Entertainment has just hit the reset button because when you’re rewriting the script, sometimes the best plot twist is a clean balance sheet. Zee Entertainment Enterprises Limited has approved a series of strategic moves, including the redemption of foreign currency bonds and a major restructuring of its content business. The board cleared the redemption of outstanding Foreign Currency Convertible Bonds worth $23.9 million and the cancellation of an unutilised commitment of $215.1 million, following requests from bondholders amid the current geopolitical environment. The decision is expected to have a positive impact on the company’s treasury.
In a key restructuring step, Zee will transfer its content syndication and licensing business to its wholly owned subsidiary, ZI-IPR Enterprises Limited, through a slump sale on a going concern basis. The transfer will take effect from 1 April 2026 at book value, aimed at sharpening focus on content monetisation.
To support the strategy, the company will invest up to Rs 500 crore in optionally convertible debentures and Rs 5 crore in equity in ZI-IPR Enterprises. It has also approved an investment of up to Rs 20.09 crore in Culture of Real Experiences Private Limited to acquire a 51 per cent stake on a fully diluted basis, to be made in phases.
Both ZI-IPR Enterprises and Core are newly incorporated entities with no reported turnover in FY25. The investment in ZI-IPR qualifies as a related-party transaction, while the CORE acquisition does not.
These moves reflect Zee’s ongoing efforts to streamline operations, strengthen its content ecosystem and explore diversification into creative and experiential segments.
In the fast-paced world of Indian media, where content is king and cash is its loyal subject, Zee has chosen to tidy the treasury and sharpen the crown proving that even entertainment giants know when it’s time for a strategic plot twist.
