Mumbai, July 11 -- In a regulatory filing on July 10, the company disclosed that the resolution garnered only 59.5% of the votes, falling short of the 75% supermajority required to pass such proposals. The result effectively derails the promoter group's plan to bolster their holding in the company through fresh capital infusion. The proposal involved issuing 16.95 crore warrants worth Rs 2,237 crore to Altilis Technologies and Sunbright Mauritius Investments, entities affiliated with the Goenka family.

Responding to the outcome, Zee released an official press statement, expressing gratitude to the

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