On September 16, 2021, Zee Entertainment Limited announced that it has issued a condemnation against the allegations made by certain proxy advisory firms against its former Non-Executive Directors, Ashok Kurien and Manish Chokhani, a day before the annual general meeting of the Company. The Company stated that as disclosed by the Company to the stock exchanges, Ashok Kurien & Manish Chokhani decided to step down from the Board due to their personal reasons and to pursue their interests beyond the confines of a boardroom. The Company added that its statement comes in the backdrop of 2 investment firms - Invesco Developing Markets Fund and OFI Global China Fund LLC seeking the removal of Ashok Kurien & Manish Chokhani.
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