Dish TV shareholders cite corporate governance issues for EGM call

Minority shareholders at Dish TV have flagged questionable investments made by the direct-to-home operator and said that its board has lost credibility and the trust of public shareholders. The shareholders, who Dish TV said on Monday have called for an extraordinary general meeting (EGM), have said the board is not acting in line with good corporate governance standards.

The minority shareholders hold a 10.15% stake in the company and include individual as well as institutional investors such as IndusInd Bank, Aditya Birla Capital and Phoenix ARC. While IndusInd Bank holds a 2.34% stake, Phoenix ARC holds 1.24%, according to Dish TV’s shareholding pattern as on March 31, 2023.