“Pursuant to Regulation 30 of the Securities and Alternate Board of India (Itemizing Obligations and Disclosure Necessities) Laws, 2015 (‘LODR Laws’), we hereby inform you in regards to the following modifications in Senior Administration Personnel of the Firm: Mr. Ashish Sehgal, Chief Progress Officer – Advert Gross sales, Broadcast & Digital, has resigned because of private causes,” the corporate knowledgeable in a regulatory submitting.
In a letter addressed to Punit Goenka, MD & CEO of Zee Leisure, Sehgal described his 20-year tenure as an enriching skilled journey the place he gained worthwhile expertise, navigated challenges, and contributed meaningfully to the corporate’s development.
He expressed gratitude for the belief, mentorship, and assist prolonged to him all through his profession at Zee, whereas additionally committing to a easy transition.
Sehgal’s departure marks a major management change, given his pivotal position in driving commercial income throughout Zee’s broadcast and digital companies. Buyers are more likely to keenly monitor the inventory’s motion as we speak, because the exit comes at a time when the corporate is specializing in strengthening its income base amid a extremely aggressive media panorama.
In the meantime, Zee introduced the elevation of Laxmi Shetty as the brand new Head of Commercial Income, Broadcast & Digital. Having been an integral a part of the management crew for over 20 years, Shetty will now lead efforts to reinforce monetisation throughout each linear and digital platforms, reporting on to CEO Punit Goenka.Additionally learn: AI large Nvidia beats earnings expectations however shares fallOn Tuesday, shares of Zee Leisure Enterprises closed 1.8% decrease at Rs 118.20 on the BSE.
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