ZEE Leisure CEO Punit Goenka, who resigned from the submit of Managing Director final week, has additionally withdrawn himself from reappointment for the submit within the coming AGM, in accordance with an trade submitting.
Whereas sharing Goenka’s resignation letter to exchanges on Saturday (November 23, 2024), Zee Leisure Enterprises Ltd (ZEEL) stated he’s “withdrawing his consent for his re-appointment as Managing Director of the corporate as proposed within the Discover of the following Annual Common Assembly”.
Mr. Goenka, nonetheless, is retaining the submit of CEO.
Earlier on October 18, 2024, the ZEEL board accredited the proposal for Goenka’s reappointment for a five-year time period, efficient from January 1, 2025, to December 31, 2029. Goenka’s current tenure as Managing Director & CEO of the corporate was scheduled to complete on the 2024-end.
Goenka’s re-appointment was topic to approval from the shareholders, within the coming AGM, which is scheduled to be held on November 28. Nevertheless, on November 18 Punit Goenka, son of media baron Subhash Chandra, resigned because the Managing Director of Zee Leisure.
ZEEL final week knowledgeable exchanges that its board accepted the resignation of Punit Goenka as Managing Director of the corporate and appointed him as CEO.
“With this step, he intends to dedicate his time fully in the direction of the way forward for the Firm by enhancing its efficiency and profitability ranges in step with the course given by the Board/Nomination and Remuneration Committee in its assembly dated fifteenth November 2024,” ZEEL stated.
Revealed – November 25, 2024 12:20 pm IST
