Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.
Yes Bank, which holds 25% in Dish TV, has been pushing for a board revamp, including removal of Goel, Narang and others
Jawahar Lal Goel has tendered his resignation from Dish TV India's board and has ceased to be the Chairman of the company, the company announced in a notice to the stock exchange.
The DTH market has been facing major challenges as the market evolves steadily. Linear television is making way for digital services, forcing players to reinvent quickly.
The stock touched an intra-day high of Rs 14.46 apiece on the BSE, closing trade at Rs 14.24 a share, up 19 per cent over the previous day's close
The company on Tuesday said Goel would not opt for a re-appointment on its board and independent director Bhagwan Das Narang would vacate office after his term expired
As of 12.14 pm, these stocks gained between 5 per cent and 20 per cent, as against 0.85 per cent decline in the Sensex at 59,032 points.
Direct-to-Home operator Dish TV on Tuesday said its Chairman Jawahar Lal Goel will vacate his position at the company's upcoming AGM on September 26, 2022. Goel, whose proposal for reappointment as Managing Director was rejected by the shareholders in an extraordinary meeting (EGM) held in June this year, has not reapplied for continuation as Chairman. In a regulatory filing Dish TV said:" Jawahar Lal Goel, Chairman and Non-Executive Director, shall vacate his office at the ensuing AGM on account of having expressed his unwillingness to offer himself for reappointment as a Director." The board of Dish TV, in a meeting held on Tuesday, also approved the convening of 34th AGM of the company on September 26, 2022 virtually through video conferencing and Other Audio Visual Means. The board also noted that the term of its Independent Director Bhagwan Das Narang shall expire on the date of the ensuing Annual General Meeting, "... upon completion of his second term and accordingly, Naran
Its revenue from the operation fell 16.73 per cent to Rs 608.63 crore during the quarter under review as against Rs 730.97 crore in the corresponding quarter.
The private sector lender has a 25.63 per cent stake in Dish TV
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Goel's ouster from Dish TV board will require another resolution
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Bank's proposal to appoint directors not placed before shareholders yet
Appointment of R C Venkateish as independent director also turned down; proxy advisory firm says company will have to appoint interim CEO
A bench led by Justice GS Patel and Justice MJ Jamdar said World Crest Advisors, Dish TV promoter group entity, had not made any case in its plea against YES Bank, and was dismissing the appeal
Promoter group entity World Crest Advisors LLP had earlier challenged the June 17 order passed by the single bench of the High Court to restrain Yes Bank from voting at the EGM of Dish TV
YES Bank has over 440 million shares (or around 25 per cent) in the direct-to-home company and has been seeking a change in management for some time now
Family's settlement offer is in Yes Bank's court, says Zee founder