REG - Dish TV India Ltd - Circ re. (Intimation)

Dish TV IndiaAnnouncement

01/06/2023 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230601:nRSA3769Ba&default-theme=true

RNS Number : 3769B  Dish TV India Limited  01 June 2023

 

June 1, 2023

 

London Stock Exchange plc.

10 Paternoster Square

London

EC4M 7LS

 

Sub:  Intimation regarding the decision taken by the Board with respect to
the Notice dated May 15, 2023 for calling an Extraordinary General Meeting of
the Dish TV India Limited ('Company') by certain shareholders

 

Dear Sir,

 

This is continuation to the intimation dated May 15, 2023 issued by the
Company regarding receipt of requisition by certain shareholders, for holding
an Extraordinary General Meeting of the Company ('Notice').

 

Pursuant to applicable laws, the Board of Directors of the Company at their
meeting held today, i.e.  June 1, 2023, examined the Individual Requisition
Notices in terms of numerical and procedural validity of the same and observed
that there were defects in several Individual Requisition Notices which formed
part of the Notice dated May 15, 2023, because of which the said Individual
Requisition Notices were considered invalid. The said defects are summarized
hereunder:

 

(a)       Four (4) Individual Requisition Notices have not been issued
by the shareholders of the Company as per the Register of Members of the
Company.

(b)       Seven (7) Individual Requisition Notices have been submitted
in duplicate and the original of the same were not submitted.

(c)       No authorization has been submitted along with the Individual
Requisition Notices of eleven (11) entities - being companies, trusts and
partnerships - by their board of directors or governing body or other
entities, authorizing such individuals to call for an Extraordinary General
Meeting of the Company and send Individual Requisition Notices.

 

In view of the abovementioned defects, the collective shareholding of the
valid Individual Requisitions as on May 15, 2023, which is the Requisition
Date, does not fulfil the requirement of the extant applicable provisions, and
therefore the Board has decided that the Extraordinary General Meeting cannot
be called due to numerical and procedural invalidity.

 

The above mentioned details are being communicated to the advocates
representing the shareholders. The Company shall also be advising the said
advocates that in case their clients (whose individual requisition notices
were attached to the Requisition Notice dated May 15, 2023 issued by the
advocates) intend to send a fresh requisition notice, they can do so by
sending a fresh and valid requisition notice.

 

You are requested to kindly take the above on record.

 

Thanking you,

 

Yours faithfully,

For Dish TV India Limited

 

 

Ranjit Singh

Company Secretary and Compliance Officer

Membership No.: A15442

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CIRUPUUGQUPWGPG