Dish TV said on Wednesday it rejected the notice of requisition from its major shareholder Yes Bank to hold an Extraordinary General Meeting (EGM) to reconstitute the board of directors of the live-at-home player for technical reasons as this requires certain prior approvals. . Dish TV’s board of directors, at a meeting on Wednesday, “unanimously agreed that the EGM cannot be called, as requested by Yes Bank Ltd in the requisition notice dated September 21 2021 “, to dismiss its managing director Jawahar Goel as well as four other directors, in addition to the others.
YBL also sent the names of seven people – two non-executive directors and five independent directors – to be appointed to the board of directors of the company. Earlier, YBL, which opposes rupee 1,000 crore rights broadcasts by the Essel group company run by Subhash Chandra, sent a notice to Dish TV, for the board’s replenishment at the The company’s AGM, which was scheduled to be held on September 27, 2021..
However, Dish TV postponed the meeting to the AGM saying it needed time for regulatory clearances. This was also accepted by the Registrar of Companies, who granted Dish TV a two-month extension to call the AGM from the deadline it should have been held.
After that, on September 23, Yes Bank asked Dish TV to call an extraordinary general meeting of the firm of the Essel group. YBL had alleged that the extension was based on “unfounded reasons” and Dish TV engaged in “delaying tactics” by setting the resolutions.