Sebi gives Dish TV 24 hrs to reveal AGM results, directors get show-cause

Dish TV India, in which promoter entities have only 6% stake, did not disclose the AGM results citing a pending case in Bombay HC

The market regulator, the Securities & Exchange Board of India (Sebi) has asked the satellite television broadcaster, Dish TV India to disclose the results of its shareholders meeting held in December last year within 24 hours. The regulator has also issued show cause notices to company’s directors asking why the meeting results have not been disclosed so far despite repeated advisories from the regulator.

Dish TV India, in which promoter entities have only 6 per cent stake, did not disclose the annual general meeting results citing a pending case in the Bombay High Court. Industry sources said Indian lenders, who