Zee board appoints unbiased panel to research allegations towards firm

The Board of Administrators of ZEE Leisure Enterprises Ltd. (ZEEL) has appointed an Unbiased Advisory Committee to evaluation the allegations levelled by market regulator SEBI and different events towards the corporate. The panel can be chaired by Justice Satish Chandra and comprise of ZEE’s Unbiased Administrators, Uttam Prakash Agarwal and PVR Murthy.

Zee had not too long ago appointed a ‘Unbiased Advisory Committee’ which has now been renamed as an ‘Unbiased Investigation Committee’.

“After an in depth session with the Audit Committee and searching for inputs from Justice Satish Chandra, the Board of ZEEL led by R Gopalan, permitted the Unbiased Investigation Committee and has suggested it to completely evaluation the allegations levelled by regulators and different events towards the corporate,” stated a press launch.

“The Committee will take the mandatory measures to delve into the details of the allegations, with the only real curiosity to guard the rights of the corporate’s shareholders,” it added.

The investigation committee shall truth verify/evaluation/ look at all allegations raised by the regulatory businesses towards the corporate, its promoters.

After finishing the abovementioned train, the committee will submit its report back to the Board with its suggestions and recommend actions required to be undertaken by the Board.

The Committee may appoint/rent some other unbiased outdoors company to help the Committee to fulfil its constitution.

R Gopalan, Chairman, ZEE Leisure Enterprises Ltd. stated, “It’s pertinent for the Board to take concerted motion as a way to get to the reality of the matter within the allegations made towards the Firm and safe the pursuits of all its shareholders and different stakeholders. The Unbiased Investigation Committee chaired by Justice Satish Chandra, will additional information and empower us to take obligatory actions in a well timed method, which might be in the perfect pursuits of the Firm’s future and all its shareholders and different stakeholders. Based mostly on the suggestions of the Audit Committee and after searching for inputs from Justice Chandra, an unbiased evaluation and fact-checking of all allegations can be ensured. The Board can even recommend the measures to be applied within the curiosity of the Firm, as soon as the detailed report is offered by the Committee.”