DishTV seeks more time for AGM after Yes Bank notice regarding directors

Time sought to allow firm to comply with all applicable laws in respect of the notices and ensure it does not default on regulatory and lender covenants

Dish TV India has sought deferment of the annual general meeting (AGM), which was scheduled to be held on September 27, after Yes Bank, one of the shareholders of the company, sent notices seeking removal and appointment of certain directors.

The company said the board has sought additional time to hold the AGM so that they can ensure compliance of all applicable laws and guidelines in respect of the notices sent by Yes Bank and also to ensure that the company does not default on any of the regulatory and lender covenants.

In a notification to the exchanges,