Zee Entertainment Enterprises on Wednesday announced that its board will meet on November 11 to consider quarterly results for the period ended September 30.

Zee had cancelled the board meeting earlier scheduled to be held on October 27 because of a lack of quorum. The company had then said that the next date of meeting will be announced in a fresh notice. At present, there are seven members on the Zee board.

“Zee Entertainment Enterprises has informed the BSE that the meeting of the board of directors of the company is scheduled on November 11, inter-alia, to consider and approve the unaudited financial results of the company both on a standalone and consolidated basis for the second quarter and half-year ended September 30,’’ the company said in a filing to the stock exchanges.

The announcement comes days after Justice G.S. Patel of the Bombay high court temporarily restrained Invesco from calling an extraordinary general meeting (EGM) for the removal of Zee’s MD & CEO Punit Goenka and the appointment of its six nominees on the company’s board.

Last month, Zee had moved the Bombay high court against its largest shareholder, saying that the latter’s requisition for the EGM be declared illegal and invalid. 

Invesco and OFI Global together hold 17.88 per cent in Zee. According to the current regulations, a shareholder holding more than 10 per cent in a listed firm can seek an EGM.

Invesco has since then filed an appeal with a division bench of the Bombay High Court. The matter will be heard on November 29.

While investors will be tracking Zee’s numbers for the quarter, they will also be watching out for any announcement or an update with regard to the proposed merger with Sony. 

Invesco had earlier raised concerns about some of the terms of the deal. 

It had alleged that the timing of the announcement and the non-binding nature is “no more than camouflage on the part of Zee to divert and distract from the primary issues before the company’’.