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
The company had reported a net profit of Rs 86.41 crore in the October-December quarter a year ago, Dish TV said in a BSE filing
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The new licensing guidelines could significantly increase the potential liabilities of incumbents when renewing their licences, it said
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Airtel, Dish TV, Tata Sky, the list of traditional TV distributors offering video apps keeps growing
Some like Videocon d2h are negotiating with broadcasters to create differentiated content