Board changes: Dish TV seeks more time to hold AGM

Dish TV has sought an extension for holding its annual general meeting (AGM), as the company requires regulatory and other approvals for a proposed change in the board. The move comes after Yes Bank, which holds a 25.63% stake in the firm, had sought removal of its managing directors and four board members.

Post the notices from Yes Bank, the company has also made necessary applications to the lenders seeking their consent for the changes in board and approvals are awaited, it said in a regulatory filing on Sunday. The company needs sufficient time to evaluate, analyse and ensure compliance of all applicable regulatory and other approvals as required by the law and avoid any non-compliance to contractual obligations, it added.