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Dish TV to submit AGM results to Bombay HC

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.




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