Shareholders of Dish TV again rejected the proposal for the adoption of the audited standalone and consolidated financial statements for FY 2021 and FY 2022 in the 35th annual general meeting held on December 29. Earlier, in the 34th annual general meeting held on September 26, 2022, the shareholders of the direct-to-home service provider had rejected the proposals to approve the balance sheet of the company for the last two fiscals.
Dish TV’s largest shareholder, Yes Bank, and Dish TV’s promoter family (led by former chairman Jawahar Lal Goel) were engaged in a legal battle over board representation in the company. Yes Bank, which owns 24% shares, was pushing for reconstitution of the Dish TV board and removal of Goel along with some others.
On December 29, over 70% of shareholders who voted in the 35th AGM, were against the two resolutions for the adoption of the financial statements.