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Dish TV is holding an EGM on March 21 to appoint three directors. Remote e-voting will be available from March 18 to March 20. Dish TV previously appointed Sunil Khanna and Ravi Bhushan Puri as directors. The company faced fines for board composition-related violations.
The latest flare-up is part of an ongoing rift between the promoter family and minority shareholders over alleged lapses in corporate governance
Over 71% of shareholders voted against appointing Rajesh Sahni, Virender Tagra, Aanchal David and Shankar Aggarwal at Friday’s EGM.
Dish TV India's shareholders rejected the appointment of four directors at its extraordinary general meeting, reducing the board's effective strength to three directors. Over 71% of votes were against the appointment of Rajesh Sahni and Virender Kumar Tagra as non-executive, non-independent directors. Special resolutions for Aanchal David's nomination as an independent director and Shankar Aggarwal's reappointment as an independent director were also defeated.
Dish TV India approved the appointment of Sunil Khanna as an independent director and Ravi Bhushan Puri as executive director.