ZEEL board ramps up performance targets for MD Punit Goenka’s re-appointment
The company disclosed the details in its regulatory filing
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Published: Nov 18, 2024 10:40 AM | 1 min read
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The board of Zee Entertainment Enterprises Ltd. (ZEEL) has reportedly set “higher” performance targets for its MD and CEO Punit Goenka for his reappointment, said a news report citing the company’s regulatory filings.
In its meeting on Friday, the board reportedly considered and approved higher targets ro evaluate the performance of Punit Goenka, which includes Quarterly Consolidated Revenue Outlook for the next four quarters, starting Q3FY25, Quarterly Consolidated EBITDA Outlook for next 4 quarters (commencing Q3FY25) and payout of 25% of consolidated net profits as dividend to the shareholders of the Company.
The board will reportedly track Goenka’s performance on the said parameters.
In October 2024, the board approved Goenka’s five-year term proposal from January 2025 to December 2029.
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