Zee Media Corporation has informed that the Board of Directors of the Company at its meeting held today i.e. on Thursday, June 13, 2024, have considered and approved the Incorporation of a Wholly Owned Subsidiary (‘WOS’) of the Company. The WOS will engage in business of bringing forth ancient knowledge of scriptures intersecting with modern science, focusing on spirituality, mindfulness and wellbeing through launch of appropriate digital and alternative media properties in the infotainment space. Disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as ‘Annexure-1’. The Board meeting commenced at 16:05 Hrs and concluded at 16:20 Hrs.
The above information is a part of company’s filings submitted to BSE.