"The Board believes that the steps being taken by the Company will enable it to remain well-poised for future investments by further strengthening its balance sheet with access to significant growth capital," it said. ZEEL is convening an Extraordinary General Meeting on July 10, 2025, to seek approval of the members of the Company for the issuance of Warrants on a preferential basis. Commenting on the development, ZEEL Chairman R Gopalan said: "The Board believes that the steps being implemented to enhance the promoter shareholding will ensure their added motivation to work in line with the enhanced business plan. The Media & Entertainment sector is evolving rapidly leading to a change in consumer preferences across the realm of entertainment." For the financial year ended on March 31, 2025, ZEEL's profit was up multi-fold to Rs 679.5 crore. However, its total consolidated income was at Rs 8,417.5 crore, down 4 per cent.