Proxy advisory firm flags ‘crisis’ at Zee Ent, co rejects claims

Shareholder advisory firm InGovern has urged Zee Entertainment to appoint a professional MD and conduct a forensic audit of related-party transactions, citing a governance vacuum. Despite promoters holding less than 4% equity, they maintain operational control, a situation InGovern deems a crisis of confidence. Zee has refuted the allegations as factually incorrect and misleading.