t
On September 19, 2021, Dish TV India Limited's Board of Directors approved making applications for an extension to convene its 33rd Annual General Meeting (AGM) for the financial year ended March 31, 2021. The AGM was originally scheduled for September 27, 2021, following Board approval on August 12, 2021. This action follows notices sent by shareholder Yes Bank Limited under Sections 160 and 169 of the Companies Act, 2013, concerning director changes, for which the company awaits lender consent.
| Date | 20 Sept 2021 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 2212M |
September 19, 2021
London Stock Exchange plc.
10 Paternoster Square
London
EC4M 7LS
Subject: Application for Extension for holding the 33rd Annual General Meeting of the Company for the financial year ended on March 31, 2021
Dear Sir/Madam,
The Board of Directors of the Company at their meeting held on August 12, 2021 had approved calling of the Annual General Meeting of the Company for the Financial Year 2020-21, on September 27, 2021. The necessary intimations in this regard has been duly filed by the Company with the exchanges from time to time.
Post the dispatch of the Annual Report of the Company to the shareholders of the Company, Yes Bank Limited (hereinafter referred to as 'YBL'), one of the Shareholder of the Company had sent Notice(s) under Section 160 and Section 169 of the Companies Act, 2013 for moving resolutions to Shareholders for appointment and removal of certain Directors.
The proposed change in the Board is subject to applicable regulatory permissions and also other approvals which the Company requires to obtain. Post receipt of the Notices from YBL, the Company has also made necessary applications to the Lenders for seeking their consent for the said change in the Board of Directors of the Company under applicable covenants, approval on which is awaited.
Accordingly, in order to ensure compliance of all applicable laws and guidelines in respect of the Notices sent by YBL and also to ensure that the Company does not default on any of the regulatory and lender covenants, the Board of Directors of the Company have today approved making requisite applications as per provisions of the Companies Act for seeking extension of time under applicable regulatory provisions for convening the Annual General Meeting of the Company which is presently scheduled to be held on September 27, 2021, so that the Company has sufficient time to evaluate, analyze and to ensure compliance of all applicable regulatory, and other approvals as required by the law and avoid any non-compliance to contractual obligations.
This is for your kind information and record.
Thanking You,
Yours truly,
For Dish TV India Limited
Ranjit Singh
Company Secretary and Compliance Officer
Membership No. A15442