MUMBAI: Zee Telefilms Ltd (ZTL) has been on a gobbling spree over the past year, having acquired stakes in ETC Networks Ltd (ETC) and Padmalaya Telefilms Ltd (PTL). Now it is digesting those acquisitions.

Today, the board of directors of ETC was reconstituted with Subhash Chandra taking over as chairman of the company, Sandeep Goyal, Group Broadcasting CEO of ZTL getting additional charge as managing director. The promoters Jagjit Singh Kohli, Yogesh Shah and Yogesh Radhakrishnan have resigned from the board.

The three of them have been given on additional responsibilities within ZTL and ETC. Kohli continues to look after the day-to-day operations of ETC as Executive Director while Radhakrishnan in his enlarged role will look after Zee Cinema, Zee Music and etc as business head. Shah has been inducted as director, inhouse production for the entire Zee Network including house production at ETC and PTL.

This apart oodles of glamour has been added to the ETC board with Hema Malini getting hopping on as an independent director.

ZTL nominees Rajiv Garg and Vikas Gupta have also been appointed as additional directors on ETC.

“With the reconstitution of the ETC Board and the new management responsibility of the original promoters of ETC, the integration of ETC with ZTL has now been completed and we look forward to the ETC brand and company achieving greater success in the days to come,” says ZTL vice-president corporate finance & strategy Atul Das.