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Dish TV India Limited received communications on August 21, 2024, from BSE Limited and National Stock Exchange of India Limited, informing the company of imposed fines. These fines were levied for non-compliance with Regulations 17(1) and 19(1)/(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended June 30, 2024. The non-compliance related to a reduction in Board strength due to non-approval of director appointments by shareholders, and the Company stated it will make the payment.
| Date | 22 Aug 2024 |
| Time | 13:58:49 |
| Category | Miscellaneous |
| ID | 4730B |
August 22, 2024
London Stock Exchange plc.
10 Paternoster Square
London
EC4M 7LS
Ref. : Stock (Dish TV India) - GDR-MIC - XLOM
Sub. : Update
Dear Sir/Madam,
This is to inform you that Company has received communications from BSE Limited and National Stock Exchange of India Limited ('Stock Exchanges') both dated August 21, 2024 (in evening), wherein fine has been imposed on the Company, under SEBI's SOP Circular, for non-compliance of Regulations 17(1) and 19 (1)/(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), for the quarter ended June 30, 2024.
It is submitted that the above-mentioned non-compliances in respect to reduction in the Board strength was on account of non-approval of shareholders for the appointment of Directors and that the same was beyond the control of the Board or the Company. The Company shall be making the payment of the fines as levied on the Company.
We request you to take the above on record.
Thanking you,
Yours truly,
For Dish TV India Limited
Ranjit Singh
Company Secretary & Compliance Officer
Membership No. A15442
Contact No.:+ 91-120-504-7000