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regular-article-logo Tuesday, 21 May 2024

Dish TV holds annual general meeting

Shareholders voted for the re-appointment of Ashok Kurien as a director and the adoption of the financial statements of the company

Our Special Correspondent Mumbai Published 31.12.21, 02:51 AM
Representational image.

Representational image. File photo

The annual general meeting of Dish TV, which has been in the news over a tussle between its promoter family and the single largest shareholder Yes Bank, was held on Thursday.

Shareholders voted for the re-appointment of Ashok Kurien as a director and the adoption of the financial statements of the company. The third resolution that was proposed related to remuneration of cost auditors for 2021-22.

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However, its results were not announced as the Bombay high court has said that the voting result will be subject to the outcome of its hearing, which is scheduled to take place in early February 2022.

Dish TV said in a regulatory filing that the results have been submitted to the Bombay high court in a sealed cover.

Recently, the Mumbai bench of the National Company Law Tribunal (NCLT) gave its approval to Yes Bank for voting in the AGM. The private sector lender has a stake of over 24 per cent.

The tribunal was hearing an application moved by a few shareholders of Dish TV who had sought to restrain Yes Bank to cast its vote in the AGM.

In October, the board of Dish TV had rejected the requisition notice made by Yes Bank to hold an extraordinary general meeting (EGM) to reconstitute its board.

RBL Bank post

RBL Bank has tasked a search panel, comprising two board members, chairman of its nomination & remuneration committee and an external expert, to find a suitable candidate for the lender’s MD and CEO post, according to a regulatory filing.

The bank’s board on December 25 elevated Rajeev Ahuja as an interim MD and CEO with immediate effect, after sending Vishwavir Ahuja on leave. Rajeev’s appointment was subject to regulatory and other approvals.

A day earlier, on December 24, the RBI appointed its chief general manager Yogesh K Dayal on the lender’s board as an additional director.

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