ZEE entertainment enterprises (ZEEL) has announced that in light of the changes in shareholding, Subhash Chandra has resigned as chairman of the board with immediate effect.
The Board accepted his resignation and noted that this is in line with the requirements of SEBI Listing Regulations, which inter alia mandates that the chairperson of the board shall not be related to the managing director or the CEO of the company. Chandra will remain as non-executive director of the Company.
