Dish TV board reduced to two as shareholders reject four resolutions

The shares of Dish TV crashed on Tuesday after the number of directors on its board fell below the minimum required strength at its annual general meeting.

Shareholders that included Yes Bank are understood to have voted against four of the six resolutions moved by the direct-to-home (DTH) player at AGM on Monday.

The rejection is seen as a consequence of the dispute between the founders and its largest shareholder Yes Bank, which has been pressing for the reconstitution of its board.