As Punit Goenka’s future prospects in Zee Entertainment Enterprises remain on uncertain grounds, the Zee Board has constituted an interim committee of senior executives to conduct the day-to-day operations of the company. Punit Goenka was barred from the position of MD and CEO of Zee as per SEBI’s interim order in July. Meeting on July 14, the Zee board decided to appoint an interim committee to take on Punit Goenka’s role, “Since the order restricts Punit Goenka from holding the position as director or key managerial position in a listed company, the Board of the company has constituted an Interim Committee of senior executives to ensure smooth operations of the company. The Interim Committee will be under the supervision of the Board and will seek its guidance on all matters pertaining to the company,” the Zee spokesperson said in a statement. SEBI’s caveat against GoenkaSEBI had, in an interim order, on June 12, stated that Subhash Chandra and Goenka had allegedly “abused their positions” for personal financial gains.

Source: The Hindu July 17, 2023 23:04 UTC