Dish TV India Limited — Important, 11-12-2024: Updates

The Board of Directors addressed recent notices from the National Stock Exchange and BSE regarding non-compliance with regulations concerning board composition and the Nomination and Remuneration Committee for the quarter ending September 30, 2024. The total fines imposed are as follows: ₹4.6 crore for Regulation 17(1) and ₹1.84 crore for Regulation 19 at each exchange.

The Board acknowledged that the non-compliance stemmed from the shareholders' failure to approve the appointments of two Directors during the Annual General Meeting held on September 13, 2024. Despite the appointments of Mr. Amit Singhal and Mr. Parag Agarwal as Independent Directors on the same date, the Board's strength remains below regulatory requirements, limiting compliance capability.

The future actions involve ongoing efforts to align with regulatory mandates, although these changes are largely influenced by shareholder decisions and necessary government approvals. Investors should monitor this situation closely, as continued non-compliance may have implications for governance and operational stability.