GECs
Zee Cinema presents ‘Mazedar November’
MUMBAI: Zee Cinema is all set to launch Mazedar November. It will present viewers with a host of movie titles like Pyaare Mohan, Garam Masala, Fight Club and Sholay.
Mazedar November will premiere with Pyare Mohan on Saturday 26 November at 12:30 pm.
Announcing the launch of Mazedar November business head Zee Cinema Bharat Ranga said, “Zee Cinema consistently showcases something new every month for our viewers.The Mazedar November concept has been planned with the thought of reaching out to our viewers in an unconventional way, essentially to confer value to the viewers through airing premium movies, fun and prizes from the interactive contests.”
Along with airing the movie titles, Zee Cinema is also running a contest, “Khelo Cinema”, where viewers will get a chance to win prizes like Akai Surround Systems, Videocon Microwaves and Orson VCD players, asserts an official release.
The format of the contest will include a set of questions to be answered through SMS and one winner will be announced everyday. At the end of the contest one of the viewers stands to win a Grand Prize, adds the release.
The contest questions will be shown on the television screen during the following movies:
– Pyare Mohan – 26 Sunday 12:00 pm
– Garam Masala – 12 Sunday 4:30 pm
– Fight Club – 12 Sunday 8:30 pm
– Sholay – 11 Saturday 8:00 pm
– Adalat – 18 Saturday 8:00 pm
– Hatya – 24 Friday 8:30 pm
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
