In a regulatory filing, Dish TV said the stock exchanges had issued notices dated November 21 to the company for non-compliance with the requirements pertaining to the composition of the board and the composition of the Nomination and Remuneration Committee of the Board for the quarter ended September 30.

The combined operating revenue of four private direct-to-home (DTH) companies in India, including Tata Play, Bharti Telemedia, Dish TV, and Sun Direct, declined nearly 10% in FY23 to Rs 11,072 crore, compared to Rs 12,284 crore the previous fiscal year. The four DTH companies incurred a net loss of Rs 2143 crore cumulatively, with Dish TV posting the biggest loss of Rs 1684 crore.

Concerns loom over TV broadcasters and streaming platforms as they grapple with the potential ramifications of the Ministry of Information and Broadcasting's (MIB) proposed legislation. This directive would mandate content certification by an evaluation committee prior to its broadcast, sparking debates about the implications on creative freedom.

The DTH operator claimed that it has made close to a million new customer acquisitions during the quarter. It added that it is close to reversing the negative net addition trend.

Private equity firm Blackstone is reportedly in talks with Walt Disney to discuss the potential acquisition of Disney's streaming and television business in India. The discussions may involve the purchase of specific assets, such as sports properties and media rights, as well as the Disney+ Hotstar streaming service. Former Disney executives Kevin Mayer and Tom Staggs, who now work as advisers to CEO Bob Iger, are believed to have played a key role in initiating the discussions. The talks are still at an early stage and there is no guarantee of a deal.

Dish TV's promoter had sought to restrain the lender from exercising its voting rights, interfering in or seeking to participate in the management and affairs of the company, or claiming rights to the shares. "In the present case, the use of the pledged goods will include the exercise of voting rights since the pledged goods are shares," observed Justice RI Chagla while disposing of an application filed by Dish TV promoters.

According to reports, JC Flower asset reconstruction company has reached a resolution with Subhash Chandra-led Essel Group to settle the outstanding dues, thereby ending a 2-year tussle between the group and YES Bank.

“The group has enough as sets to liquidate, pay off the settlement amount, get back whatever securities are pledged, and get free Dish TV and Zee Learn from JC Flowers. Dish TV's 24% stake would be valued around ₹800-900 crore,” said a banker. “The company is looking to close all transactions by Feb or March 2024.”

The company has received the notices, imposing fines on August 21, 2023, said Dish TV in a regulatory filing on Tuesday adding "it will be making the payment of the fines and shall also be submitting waiver applications with the Stock Exchanges".

The non-compliance in respect to the reduction in the board strength was primarily on account of non-approval of shareholders for the appointment of directors, which was beyond the control of the board or the company, the Direct-to-Home operator added

The active subscriber base of pay-direct-to-home (DTH) platforms has declined by 1.37 million to 65.25 million for the quarter ended March from 66.6 million in the trailing quarter, according to the Telecom Regulatory Authority of India's (TRAI) performance indicator report.