Zee shareholders reject warrant issue, halting Goenka family's stake boost despite turnaround efforts after failed Sony merger.

• Only 59.5% approved Zee’s proposal, missing the 75% threshold needed to raise ₹22.37 billion via preferential warrants.
• Proxy advisors opposed the move, citing dilution risks and a lack of transparency in fundraising through linked entities.
• Zee faces fierce market competition; public investors, holding 96%, previously opposed CEO Goenka’s board reappointment.