MUMBAI: Dish TV has informed the stock exchanges that it conducted its annual general meeting (AGM) on Thursday and the results of the voting would be submitted in a sealed cover to the Bombay high court for further directions. World Crest Advisors, a promoter of Dish TV, had filed a suit against Catalyst Trusteeship seeking ownership of shares held by Yes Bank following invocation of a pledge.
The HC had refused to grant any interim relief to the broadcaster, paving the way for Yes Bank to vote in the AGM. The private lender holds close to one-fourth stake in the company, making it the largest shareholder. The bank has sought to oust the MD & CEO Jawahar Goel and four other directors as part of its efforts to recover dues from the group. The promoters of the company hold less than 6% in the company.
In the AGM, shareholders were asked to vote on three resolutions – adoptions of annual accounts for FY21, reappointment of Ashok Kurien and approving the remuneration payable to auditors. Ranjit Singh, company secretary & compliance officer, said that to comply with the Bombay HC order, the company had requested the scrutiniser to submit the consolidated results of remote e-voting and voting at the AGM in a sealed cover.
The HC had refused to grant any interim relief to the broadcaster, paving the way for Yes Bank to vote in the AGM. The private lender holds close to one-fourth stake in the company, making it the largest shareholder. The bank has sought to oust the MD & CEO Jawahar Goel and four other directors as part of its efforts to recover dues from the group. The promoters of the company hold less than 6% in the company.
In the AGM, shareholders were asked to vote on three resolutions – adoptions of annual accounts for FY21, reappointment of Ashok Kurien and approving the remuneration payable to auditors. Ranjit Singh, company secretary & compliance officer, said that to comply with the Bombay HC order, the company had requested the scrutiniser to submit the consolidated results of remote e-voting and voting at the AGM in a sealed cover.
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