Dish TV Board Denies Request for EGM by Minority Shareholders

The board of directors of Dish TV has dismissed a requisition notice put forth by a group of minority shareholders, citing “numerical and procedural invalidity” as the reason. The company stated that the minority shareholders failed to meet the 10% shareholding requirement necessary to call for an extraordinary general meeting (EGM) due to defects in the requisition notices.

77 domestic and foreign institutional investors, who collectively own 10.15% of Dish TV, formed the Dish TV Minority Shareholders Association. On May 15, they wrote a letter to the company’s board, urging them to organise an Extraordinary General Meeting (EGM) within the specified 21-day timeframe.However, the board deemed the notice to be flawed and subsequently rejected it.