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Dish TV

NMDC, Dish TV, Adani Energy, SpiceJet among five stocks to watch on May 28

Stocks to watch on May 28: NMDC reported a significant downturn in net profit, which decreased by 37.8 per cent to Rs 1,412.7 crore compared to Rs 2,271.5 crore in the previous year

NMDC, Dish TV, Adani Energy, SpiceJet among five stocks to watch on May 28
Updated On : 28 May 2024 | 7:56 AM IST

Dish TV Q4 results: Net loss widens to Rs 1,990 cr, revenue declines 19%

Direct-to-home broadcast service provider Dish TV India on Monday said its consolidated net loss widened to Rs 1,989.69 crore in March 2024 quarter due to impairment of investments in OTT business Watcho as well as property, plant and equipment. The company had reported a net loss of Rs 1,710.62 crore in the January-March quarter a year ago, according to a regulatory filing. Its revenue from operations was down 19.38 per cent to Rs 406.95 crore during the quarter under review as against Rs 504.82 crore in the corresponding quarter. According to Dish TV, it had an exceptional item expenses of Rs 402.69 crore in the March quarter and its loss before exceptional items and tax was at Rs 14.24 crore. "Exceptional items of Rs 402.7 crore for the quarter and fiscal ended March 2024 in consolidated financial results include Rs 301.7 crore as impairment of intangible assets under development (for Watcho) and Rs 101 crore as impairment of property, plant and equipment," said Dish TV in a ...

Dish TV Q4 results: Net loss widens to Rs 1,990 cr, revenue declines 19%
Updated On : 27 May 2024 | 9:53 PM IST

Stock exchanges impose fines on Dish TV over board irregularities

Leading bourses BSE and National Stock Exchange have again imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company. The company has again received notices, imposing fines on February 22, 2024, said Dish TV on Friday. The stock exchange notices, in which NSE and BSE both separately imposed a total penalty of Rs 4.26 lakh, were placed before the Board of the company, which met on Friday. "National Stock Exchange of India Limited and BSE Lt had issued notices dated February 22, 2024, to the Company in respect of Noncompliance with the requirements pertaining to the composition of the Board for the quarter ended December 31, 2023, and constitution of Audit Committee & Stakeholder Relationship Committee for the quarter ended September 30, 2023," it said. Stock exchanges "have imposed fines on the Company for the said non-compliances" with regulations 17(1), 18(1) and 20 of the SEBI Listing ...

Stock exchanges impose fines on Dish TV over board irregularities
Updated On : 15 Mar 2024 | 10:53 PM IST

Dish TV India Q3 results: Net loss narrows marginally to Rs 2.83 cr

Direct-to-Home operator Dish TV India on Friday reported a marginal narrowing of consolidated net loss at Rs 2.83 crore in the third quarter ended December 23, 2023. The company had posted a consolidated net loss of Rs 2.85 crore in the same quarter last fiscal, Dish TV said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 470.27 crore as against Rs 552.09 crore in the year-ago quarter, it added. Total expenses in the third quarter were lower at Rs 471.82 crore as compared to Rs 567.16 crore in the same period a year ago. Dish TV India said it continued to gain incremental subscriber market share during the third quarter. However, due to subscribers shifting between platforms churn rates remained high thus resulting in overall negative net additions during the quarter, it added. "Our new subscriber additions during the quarter were impressive, not only because the numbers were strong but also because none of those added were

Dish TV India Q3 results: Net loss narrows marginally to Rs 2.83 cr
Updated On : 09 Feb 2024 | 7:35 PM IST

Dish TV shareholders reject candidature of 4 independent directors in EGM

In a surprise development, shareholders of Dish TV rejected the candidature of four independent directors in the Extraordinary General Meeting held last week, leaving only one person on the board of the direct-to-home service provider. This prompted immediate appointment of two new persons on the board the same day, as the number of directors fell below the statutory minimum number of three. In the EGM held on December 22, shareholders of Dish TV shot down the four resolutions seeking the appointment and re-appointments of independent directors Shankar Aggarwal, Aanchal David, Rajesh Sahni and Virender Kumar Tagra. However, these resolutions could get only around 28 per cent of the total votes polled, and hence were rejected. "The Resolution Nos 1 to 4 have failed to receive a requisite number of votes in favour by the shareholders under remote e-voting and e-voting at EGM," said the scrutinizer's report submitted to bourses by Dish TV. After the voting results, which were declare

Dish TV shareholders reject candidature of 4 independent directors in EGM
Updated On : 27 Dec 2023 | 1:28 PM IST

Dish TV calls EGM to seek shareholders' approval to appoint directors

DTH operator Dish TV on Monday said it has called for an extraordinary general meeting on December 22 to seek shareholders' approval to appoint directors. The company -- which had in July rejected the second demand for calling an extraordinary meeting (EGM) by minority shareholders, citing non-fulfilment of the minimum requirement of stakeholding -- said its board of directors at their meeting held on Monday considered and approved the convening of an EGM of its equity shareholders on December 22, 2023, at 12:30 pm. The EGM will be conducted through video conferencing and other audio-visual means, Dish TV said in a regulatory filing without disclosing the reasons for convening the meeting. When contacted, a company spokesperson said the EGM has been convened to seek approval for the appointment of directors and details would be shared in due course. Last week, the company was fined Rs 5.14 lakh each by bourses BSE and National Stock Exchange over composition and lack of quorum for

Dish TV calls EGM to seek shareholders' approval to appoint directors
Updated On : 27 Nov 2023 | 9:38 PM IST

Satellite TV broadcaster Dish TV India shares up 7.5% on settlement reports

Dish TV India, a direct-to-home broadcaster, is facing intense competition from OTTs and cable TV

Satellite TV broadcaster Dish TV India shares up 7.5% on settlement reports
Updated On : 17 Nov 2023 | 3:54 PM IST

Dish needs wash: What does Tata Play tell us about DTH, cable TV's future?

Most operators point out that investing in last-mile access for broadband services makes sense in the top 1,000 cities, where the quality of the fibre is good

Dish needs wash: What does Tata Play tell us about DTH, cable TV's future?
Updated On : 07 Nov 2023 | 11:30 PM IST

BSE, NSE impose fines on DTH operator Dish TV over lack of board strength

Leading bourses BSE and National Stock Exchange have imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company. The company which is facing a prolonged tussle between the Subhash Chandra-led promoter family and its earlier largest shareholder Yes Bank Ltd (YBL), said the fines amount to Rs 2.75 lakh. The company has received the notices, imposing fines on August 21, 2023, said Dish TV in a regulatory filing on Tuesday adding "it will be making the payment of the fines and shall also be submitting waiver applications with the Stock Exchanges". "The fines have been imposed on the Company for non-compliance of Regulation 17(1) and 17 (2A) of Listing Regulations, pertaining to the composition of the Board and quorum of Board meeting, for the quarter ended June 30, 2023," it said. The non-compliance in respect to the reduction in the board strength was primarily on account of non-approval of ...

BSE, NSE impose fines on DTH operator Dish TV over lack of board strength
Updated On : 22 Aug 2023 | 9:32 PM IST

Dish TV Q1 net profit rises 15% to Rs 20.54 cr, becomes zero-debt company

Direct-to-home firm Dish TV India Ltd on Tuesday reported a 15.07 per cent increase in its consolidated net profit to Rs 20.54 crore for the April-June quarter of 2023-24 compared to Rs 17.85 crore a year ago. The company also announced the appointment of Manoj Dobhal as CEO with effect from August 23, 2023, after receipt of approval from the Ministry of Information and Broadcasting. Dish TV revenue from the operation declined 17.82 per cent to Rs 500.16 crore during the quarter under review as against Rs 608.63 crore of the corresponding quarter, Dish TV said in a regulatory filing. Dish TV's total expenses in the first quarter of FY2023-24 were down 19.37 per cent at Rs 475.46 crore. Its total income in the June quarter was at Rs 503.20 crore, down 17.94 per cent, mainly impacted by a decline in the subscription revenue. In the June quarter, Dish TV's Subscription revenues were 27.12 per cent lower at Rs 397.4 crore as against Rs 545.3 crore a year ago. Its subscription revenue

Dish TV Q1 net profit rises 15% to Rs 20.54 cr, becomes zero-debt company
Updated On : 08 Aug 2023 | 10:32 PM IST

Subhash Chandra to settle JC Flowers' debt to reclaim Dish TV: Report

Chandra will also get back three properties, one of which is a bungalow in central Delhi

Subhash Chandra to settle JC Flowers' debt to reclaim Dish TV: Report
Updated On : 08 Aug 2023 | 10:26 AM IST

Subhash Chandra moves to get family's stake in Dish TV back from JC Flowers

With JC Flowers ARC's 24.19% stake in the company, Chandra's total holding in the satellite TV operator will rise to 28.2%, if the transaction goes forth

Subhash Chandra moves to get family's stake in Dish TV back from JC Flowers
Updated On : 21 Jul 2023 | 10:17 AM IST

Fresh legal battle brews between Dish TV and lenders on board recast

Lenders, who own a majority stake in the company, have called for removal of the existing two-member board of S Aggarwal and Rashmi Aggarwal

Fresh legal battle brews between Dish TV and lenders on board recast
Updated On : 11 Jul 2023 | 5:46 PM IST

Dish TV board rejects lenders plan to appoint directors, cites lapses

Media tycoon Subhash Chandra's family lost control of Dish TV after promoter entities defaulted on loans

Dish TV board rejects lenders plan to appoint directors, cites lapses
Updated On : 01 Jun 2023 | 6:43 PM IST

Dish TV's minority shareholders reach out to ministry on EGM delay

The company's minority shareholders are demanding a rejig of the company's board and the appointment of a new management team to put the DTH provider back on the profitability path

Dish TV's minority shareholders reach out to ministry on EGM delay
Updated On : 25 May 2023 | 11:46 AM IST

Dish TV minority shareholders seek EGM, removal of 2 independent directors

A group of minority shareholders of Dish TV has sent a notice to call an Extraordinary General meeting (EGM) of the direct-to-home service provider, raising concerns over corporate governance issues, seeking reconstitution of the board and removal of two independent directors questioning their independence. The notice sent by 77 shareholders of Dish TV, representing 10.15 per cent shareholding, proposed to nominate K Badri Narayanan, Satis Kumar Yanmandra, Jeet Sen Gupta as independent directors on the board of the Essel Group firm. Besides, it has also sought the removal of two independent directors -- Shankar Aggarwal and Rashmi Aggarwal -- from the board of the company. "The existing independent directors have a long-term association with Dish TV and Essel group which cast doubt over their independence," the shareholders wrote in the notice. Dish TV is embroiled in a tussle between its largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawa

Dish TV minority shareholders seek EGM, removal of 2 independent directors
Updated On : 16 May 2023 | 4:53 PM IST

Dish TV Institutional shareholders call for EGM, seek to remove 2 directors

The notice said the Board is acting at the behest of certain minority shareholders holding merely 4 percent stake in the company

Dish TV Institutional shareholders call for EGM, seek to remove 2 directors
Updated On : 15 May 2023 | 11:01 PM IST

Dish TV reports Q4 net loss at Rs 1,720.62 cr, revenue down to Rs 504.8 cr

Direct-to-home firm Dish TV India Ltd has reported a consolidated net loss of Rs 1,720.62 crore for the fourth quarter that ended on March 31, 2023, mainly on account of impairments and deferred tax liability. The company had reported a net loss of Rs 2,031.99 crore in the January-March quarter a year ago, Dish TV said in a BSE filing. Its revenue from the operation was down 21.45 per cent to Rs 504.82 crore during the quarter under review as against Rs 642.70 crore of the corresponding quarter. In the March quarter, Dish TV's loss before exceptional items and tax was at Rs 233.73 crore. Its losses under exceptional items were at Rs 1,907.61 crore. During the quarter, Dish TV has to go for impairment of Rs 280 crore for assets under development, Rs 110.5 crore for brand, Rs 567.87 crore for customer and distribution relationship and Rs 328 crore for property, plant and equipment. Besides it had also an impairment of goodwill of Rs 621.09 crore of its Goodwill and Intangible asset

Dish TV reports Q4 net loss at Rs 1,720.62 cr, revenue down to Rs 504.8 cr
Updated On : 12 May 2023 | 10:26 PM IST

Dish TV appoints director, sends 4 names for govt nod to strengthen board

Direct-to-Home operator Dish TV on Friday announced the appointment of former bureaucrat Zohra Chatterji as its independent Director. Besides, it has also sent four names to the Ministry of Information and Broadcasting to obtain its prior approval for placing them on the board as directors, as required under the Up-linking Guidelines. This is the first appointment after March 3, when the shareholders of Dish TV rejected special resolutions seeking their approval for the appointment of four new independent directors. The persons are - Rajesh Sahni, Virender Tagra, Girish Srikrishna Paranjpe and Arvind Nachaya Mapangada. Chatterji, who belongs to the 1979 Batch of the IAS of Uttar Pradesh Cadre, retired as Secretary of the Ministry of Textiles in 2014. Dish TV's largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawahar Lal Goel are engaged in a legal battle over the board representation. After being voted out, Dish Tv's four independent direc

Dish TV appoints director, sends 4 names for govt nod to strengthen board
Updated On : 10 Mar 2023 | 11:58 PM IST

Dish TV calls EGM on March 3, seeks nod for appointment of 4 ind directors

Direct-to-Home operator Dish TV will convening an Extraordinary General Meeting (EGM) on March 3 to seek shareholders' approval for the appointment of four new independent directors. The EGM would be held virtually through video conferencing and other audio-visual means, said a notice by Dish TV. Dish TV's largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawahar Lal Goel are engaged in a legal battle over board representation in the company. The four independent directors sought to be appointed are Sunil Kumar Gupta, Madan Mohanlal Verma, Gaurav Gupta and Lalit Behari Singhal. The company's board had announced their appointments in December last year, which was the first major appointment after the departure of its former chairman Jawahar Lal Goel. Earlier on December 30, shareholders of Dish TV had rejected a proposal for adoption of audited standalone and consolidated financial statements for FY21 and FY22 in the AGM. YBL, having over 24

Dish TV calls EGM on March 3, seeks nod for appointment of 4 ind directors
Updated On : 09 Feb 2023 | 5:45 PM IST