Shareholders of direct-to-home firm Dish TV India Ltd on Friday rejected the particular resolutions for the re-appointments of Jawahar Goel as Managing Director (MD) and Anil Dua as Whole-time Director of the corporate. The appointment of Rajagopal C Venkateish as an unbiased director of the Essel group entity was additionally rejected.
However, Goel would stay a non-executive director of the corporate and Dua the chief govt officer, the corporate mentioned in a inventory change submitting.
Dish TV shares shot up by 10.66 per cent to Rs 12.04 on the BSE on Friday.
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The rejection for reappointment got here amid makes an attempt by the promoter group entity to restrain YES Bank, the biggest shareholder, from voting on the EGM. The Bombay HC had on Thursday dismissed World Crest Advisors LLP’s attraction in opposition to YES Bank’s voting rights.
According to voting outcomes introduced on Friday night, 78.9 per cent of the shareholders voted in opposition to Goel’s re-appointment, 26.10 per cent in opposition to Dua’s and 73.25 per cent in opposition to Venkateish’s. Dish TV wanted 75 per cent of shareholders’ votes in its favour to cross the three resolutions.
