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The direct-to-home service supplier had determined to carry the AGM on September 27 and afterward November 30. Nevertheless, it had pushed again the dates.
Dish TV India’s board on Friday accredited holding the corporate’s annual basic assembly, which was pushed again many occasions, on December 30.
The board, in a decision dated December 3, has accredited convening the thirty third AGM via videoconferencing and different audio visible means, Dish TV stated in a inventory change replace.
Sure Financial institution, which is the most important shareholder in Dish TV with a 24.19% stake, is embroiled in a authorized tangle with the direct-to-home service supplier.
The direct-to-home service supplier had determined to carry the AGM on September 27 and afterward November 30. Nevertheless, it had pushed again the dates.
In a September 3 discover, Sure Financial institution sought elimination of 5 administrators, together with managing director Jawahar Lal Goel, citing governance points. The lender, which additionally sought convening of a rare basic assembly (EGM), alleged that Dish TV’s board had accredited a `1,000-crore rights concern regardless of its objections.
On its half, Dish TV had expressed its incapacity to convene an EGM, citing regulatory and procedural hurdles.
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