Circ re. (SEBI Advisory and Reply by the Company)

Dish TV India

10/02/2022 17:01

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RNS Number : 3525B  Dish TV India Limited  10 February 2022

February 10, 2022

 

London Stock Exchange plc.

10 Paternoster Square

London

EC4M 7LS

 

Subject: SEBI Advisory dated 9 February 2022 and Reply by the Company

 

Dear Sir/Madam,

 

We wish to bring to your kind notice that:

 

1.       As disclosed through our earlier communications/disclosures
dated 24.12.2021 and 30.12.2021 made to the Stock Exchanges, World Crest
Advisors LLP had filed a Commercial Suit (L) No. 29569 of 2021 before the
Hon'ble High Court of Bombay challenging the ownership of shares of the
Company held by Yes Bank Limited. The Company was arrayed as one of the
Parties/ Defendants in the matter. On an application filed by World Crest
Advisors LLP, by way of an Order dated 23.12.2021, the Hon'ble High Court of
Bombay was pleased to direct that the voting results / outcome of the Annual
General Meeting ("AGM") proposed to be held on 30.12.2021 will abide by the
decision in the interim application filed by World Crest Advisors LLP. Given
the directions contained in the said Order, and the procedural legal
uncertainties resulting therefrom, the Company had filed Interim Application
No. 121 of 2022 before the Hon'ble Court for leave to file the voting results
/ outcome of the AGM which has been obtained in a sealed cover. Yes Bank Ltd
had also filed an Interim Application No. 376 of 2022 for a direction from the
Court for declaration of the results.

 

2.   The Company has on February 9, 2022 received an advisory letter bearing
No. SEBI/HO/CFD/CMD1/PW/P/2022/5395/1 in relation to compliance with SEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015. A copy of
the said Advisory Letter is available on the website of the Company viz.
www.dishd2h.com.

 

3.   The Company has responded to SEBI and brought to its attention that the
issue of declaration of results of the AGM conducted on 30.12.2021 to be
declared by Dish TV India Limited is sub-judice before the Hon'ble High Court
of Bombay in the aforementioned two applications. The Hon'ble Court has
admitted / issued notice on the two applications filed in the said matter,
pleadings have been completed by all parties, and the matter has been listed
for arguments. Thus, very issue of declaration of results of the AGM conducted
on 30.12.2021 is in fact sub-judice before the Hon'ble High Court, which has
taken cognizance of the matter, and will be hearing the arguments of the
parties shortly, and issue its decision.

 

You are requested to kindly take the above on record.

 

 

Thanking You,

 

Yours truly,

For Dish TV India Limited

 

 

 

Ranjit Singh

Company Secretary and Compliance Officer

Membership No. A15442

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