Munmun Kaur
Published On: December 31, 2021 at 12:46 IST
Dish TV India conducted its Annual General Meeting (AGM) on Thursday. Its results will be submitted in a sealed cover before the Bombay High Court in compliance with the earlier directions given by The Court. Dish TV in its regulatory filing said that the voting outcome will be placed before the Court for further directions.
In the AGM, shareholders were asked to vote on three resolutions i.e. adoptions of annual accounts for FY21, the reappointment of Ashok Kurien and approving the remuneration payable to auditors.
Apparently, World Crest Advisors, a promoter of Dish TV, had filed an ad interim request against Yes Bank claiming that it is the owner of the shares held by the lender. Although, the ad interim request was rejected by the Court paving the way for Yes Bank to vote at the Annual General Meeting.
Yes Bank which is also the largest shareholder with a stake of 25.6% in Dish TV has been in long legal war with Dish TV. Earlier, the bank has sought the removal of five Directors, including Chairman and Managing Director Jawahar Lal Goel as part of its efforts to recover dues from the group.
The e-voting commenced on December 26 and closed on December 29. As per Dish TV’s today’s filing, the AGM was attended by 173 shareholders and all the Directors except Ashok Kurien were present.