Zee has paid Rs 7 lakh as settlement charges to Sebi for alleged securities law violation, media networks have reported.

Sebi has said, as per media reports, that Zee has made "delayed disclosure...to Exchanges w.r.t to invocation of pledged shares".

Zee proposed to settle the proceedings "without admitting or denying the findings", reports say.

Meanwhile, the Securities Appellate Tribunal (SAT) has adjourned the hearing of the plea by Subhash Chandra and Punit Goenka to June 26.