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On Friday, Dish TV told the exchanges that its two-member board had considered the candidatures of Girish Paranjpe and Arvindnachya Chandranachya and advised the management to seek consent from both executives. ....
Dish TV’s board now is left with only two independent directors, Rashmi Aggarwal and Shankar Aggarwal, which is less than the minimum number of six directors on a board, as required by the market regulator. ....
The investors said the move raises suspicion that the Dish TV board is deliberately ignoring the recommendations of its largest shareholder JC Flowers Asset Reconstruction Co. ....
Minority investors of Dish TV have written to finance minister Nirmala Sitharaman seeking regulatory action against the company for ignoring the investors’ request several times to call an extraordinary general meeting ....