“Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’), we hereby inform you about the following changes in Senior Management Personnel of the Company: Mr. Ashish Sehgal, Chief Growth Officer – Ad Sales, Broadcast & Digital, has resigned due to personal reasons,” the company informed in a regulatory filing.
In a letter addressed to Punit Goenka, MD & CEO of Zee Entertainment, Sehgal described his 20-year tenure as an enriching professional journey where he gained valuable experience, navigated challenges, and contributed meaningfully to the company’s growth.
He expressed gratitude for the trust, mentorship, and support extended to him throughout his career at Zee, while also committing to a smooth transition.
Sehgal’s departure marks a significant leadership change, given his pivotal role in driving advertisement revenue across Zee’s broadcast and digital businesses. Investors are likely to keenly monitor the stock’s movement today, as the exit comes at a time when the company is focusing on strengthening its revenue base amid a highly competitive media landscape.
Meanwhile, Zee announced the elevation of Laxmi Shetty as the new Head of Advertisement Revenue, Broadcast & Digital. Having been an integral part of the leadership team for over 20 years, Shetty will now lead efforts to enhance monetisation across both linear and digital platforms, reporting directly to CEO Punit Goenka.Also read: AI giant Nvidia beats earnings expectations but shares fallOn Tuesday, shares of Zee Entertainment Enterprises closed 1.8% lower at Rs 118.20 on the BSE.
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