Thread by @CNBCTV18Live

Invesco Developing Mkts and Oppenheimer write to Zee Ent, says decisions of material strategic import must follow and not precede actions towards
establishment of a proper and independent governance structure as determined by the Company’s shareholders

Invesco & Oppenheimer say, disclosure of 22 September 2021 by Zee Ent w.r.t Sony deal, is symptomatic of the erratic manner in which
important and serious decisions have been handled at the Company

Invesco & Oppenheimer To Zee Ent: Precisely to protect shareholder value and in exercise of our statutory rights as an ordinary
shareholder, we have called upon the Company to hold an EGM, and it is your duty under company law to now do so

Invesco & Oppenheimer To Zee Ent: Together with the existing set of independent directors, we believe the Company’s board will have the depth to navigate the Company into the future

Invesco & Oppenheimer To Zee Ent: Newly constituted board supported with the strength of independence will be best suited
to evaluate & oversee potential for strategic transactions, like the one announced on
Sep 22, as well as to make determinations on future
leadership of co

Invesco & Oppenheimer To Zee Ent: Sep 22 disclosure refers to
future bd composition when current bd composition is subject to shrhldr vote on our EGM requisition.
Our actions are intended to create healthy long-term future for which strengthened governance is necessary 1st step