Dish TV Institutional shareholders call for EGM, seek to remove 2 directors

Institutional shareholders of satellite broadcaster Dish TV India have sought removal of two directors who are said to be Essel group-affiliates in an extraordinary shareholders meeting (EGM). They have also sought the nomination of three of their nominees on the Board.

In a notice to the stock exchanges, Dish TV said its shareholders, who own 45 per cent in the company, want appointment of K Badri Narayanan, Satish Kumar Yanmandra and Jeet Sen Gupta on the board. At the same time, the shareholders sought removal of Rashmi Aggarwal and Shankar Aggarwal as directors from the board. The date of the EGM has not been fixed as yet.

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