As many as 71% of the shareholders of Dish TV India Ltd (Dish TV) dismissed the company board by rejecting the appointment of four independent directors, including the reappointment of Shankar Aggarwal, the chairperson, who is non-executive and independent director (ID).
On Friday, Dish TV told the exchanges that its two-member board had considered the candidatures of Girish Paranjpe and Arvindnachya Chandranachya and advised the management to seek consent from both executives.
Essel group entity, Dish TV India Ltd (Dish TV), says its shareholders have rejected the appointment of four independent directors on the company board
FIIs made a buying of over ₹6,010 crore in the last week driven by a mega block deal in Adani stocks. On the other hand, DIIs invested more than doubled the amount as FIIs, by pumping in nearly ₹12,559 crore in the equities.
Dish TV’s board now is left with only two independent directors, Rashmi Aggarwal and Shankar Aggarwal, which is less than the minimum number of six directors on a board, as required by the market regulator.