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Reputation: 642,713 • Nov 28, 2023 11:41 AM

Stock exchanges impose fine on Dish TV for board composition violations

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 Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Dish TV has been fined over Rs 10 lakh by the NSE and BSE for non-compliance with board composition requirements.
• The company has taken steps to ensure compliance and has called for an EGM to address the issue.
• Dish TV's board strength has been below the SEBI-mandated six directors since March 3 due to non-approval of appointments and a resignation.
https://economictimes.indiatimes.com/markets/stocks/news/...
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