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Minority shareholders of Dish TV, a satellite television provider in India, have submitted a fresh request for an Extraordinary General Meeting (EGM). They are concerned about the delay in convening the meeting, which they believe is necessary for the company’s improvement.
The Dish TV Minority Investors Association, representing 77 domestic and foreign institutional investors owning 10.15% of the company, has approached the Ministry of Corporate Affairs to intervene and instruct the Dish TV Board to promptly schedule the EGM, Economic Times reported.
The minority shareholders are also seeking the appointment of new independent directors and the removal of directors allegedly favoring the promoters. They hope these changes will lead Dish TV back to profitability.
