Agms

Dish TV shareholders reject adoption of FY21, FY22 balance sheets in AGM

Shareholders of Dish TV have again rejected the proposal for the adoption of audited standalone and consolidated financial statements for FY21 and FY22 in the AGM held on Thursday. Earlier, the shareholders of the Direct-to-Home service provider had rejected the proposals to approve the balance sheet of the company for the last two fiscals in the 34th AGM conducted on September 26, 2022. Dish TV's largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawahar Lal Goel were engaged in a legal battle over board representation in the company. YBL, having over 24 per cent share, was pushing for reconstitution of the Dish TV board and removal of Goel along with some other persons. On Thursday, a majority of over 70 per cent shareholders of votes polled in the 35th AGM were against the two resolutions for the adoption of the financial statements. Resolution no 1, which was for the adoption of the financial statement for FY 2021-22 could get only 26.83

Dish TV appoints three independent directors; to convene AGM on December 29

Direct-to-Home operator Dish TV on Tuesday announced the appointment of three new independent directors to the board of the company, which is the first major appointment after the departure of its former promoter-backed chairman Jawahar Lal Goel. Besides, the company also announced the resignation of Rajeev Kumar Dalmia, its executive director, from the board with effect from the close of business hours on Tuesday, Dish TV said in a regulatory filing. However, it also added, Dalmia would "continue to act as Chief Financial Officer of the Company." According to Dish TV, Dalmia has tendered his resignation from the Company's Board of Directors and all other committees. Besides, the board of the company in its meeting on Tuesday also "approved the convening of the adjourned 34th Annual General Meeting" of the company on December 29, 2022. During the AGM, Dish TV would seek approval of shareholders for the appointments of three new independent directors - Sunil Kumar Gupta, Madan Moha

Glitches in MCA portal: CAs, CS seek extension in annual filing deadline

They were protesting against glitches in the MCA portal

Dish TV, 4 others settle non-disclosure of AGM voting results with Sebi

Direct-to-Home operator Dish TV India Ltd and four others have settled with markets regulator Sebi a case pertaining to alleged non-disclosure of voting results of the company's Annual General Meeting (AGM) held on December 30, 2021. Apart from Dish TV, its promoter Jawahar Lal Goel, group chief executive Anil Kumar Dua, compliance officer Ranjit Singh and Ashok Mathai Kurien, who was the director of the company, settled the case. These five entities have settled the case after collectively paying Rs 65.34 lakh towards settlement amount, the Securities and Exchange Board of India (Sebi) said in an order. This came after the entities proposed Sebi to settle the alleged violations of regulatory norms through a settlement order, "without admitting or denying the findings". Accordingly, Sebi, in its order passed on Monday, stated "the pending enforcement proceedings for the alleged defaults ...are settled qua the applicants." The regulator received complaints alleging that Dish TV, p

Dish TV shareholders reject 4 resolutions at AGM, board strength down to 2

Adoption of FY21 and FY22 financial statements and new statutory auditors not accepted at AGM

BCCI AGM on Oct 18, general body to select India's representative to ICC

The BCCI has confirmed its AGM (Annual General Meeting) will be held on October 18. According to a notification sent by BCCI secretary Jay Shah, the AGM will be held in Mumbai. Women's IPL is one of the important items on the agenda circulated to the state associations on Thursday evening. Also on the agenda are election to the office-bearers: president, vice-president, secretary, joint secretary and treasurer. High on the agenda will also be election of India's representative at the International Cricket Council. The two candidates as of now are 77-year-old former BCCI strongman N Srinivasan and the 50-year-old current BCCI president Sourav Ganguly. There are 29 points on the agenda. There will be election of two representatives (one male and one female) in Apex Council from Indian Cricketers' Association (ICA). Two members from the general body will also be inducted into the Governing Council of IPL. There will be appointment of all the standing committees and cricket committ

Jawahar Goel quits as Dish TV director, will step down at Sept 26 AGM

Yes Bank, which holds 25% in Dish TV, has been pushing for a board revamp, including removal of Goel, Narang and others

Payment aggregator licence may open avenues beyond rail-ticketing for IRCTC

Recently secured shareholder approval to approval RBI; has database of 100 mn users

J-K Bank shareholders reject ESOP plan, Wani's reappointment as director

Jammu & Kashmir Bank's proposal to raise capital by issuing shares to staff members under the employee stock option plan was rejected by the shareholders in the annual general meeting held in late August. In a regulatory filing on Thursday, the bank released the minutes of the 84th annual general meeting (AGM) held on August 24, 2022. The bank had proposed to issue 2 crore shares of face value of Re 1 each under J&K Bank under the J&K Bank Employee Stock Option Scheme2022 (JKB ESOS 2022) and had sought shareholders' approval at the AGM last month. The proposal sent as special resolution garnered only 0.92 per cent votes from shareholders who participated in the voting, showed the minutes of the meeting. Of the total 6,65,883,603 cast, only 6,062,264 were in favour of the proposal. Shareholders also rejected the proposal to re-appoint Dr Mohmad Ishaq Wani, to retire by rotation, as the director of the bank. Only 1.71 per cent (11,404,451 votes) of the shareholders were in ..

After Patanjali, Reliance Retail could be the next big disruptor in FMCG

Other FMCG companies will have to increase their advertising spends in segments Reliance makes a meaningful acquisition in order to stay competitive.

Dish TV Chairman Jawahar Goel to vacate office at ensuing AGM in Sept

Direct-to-Home operator Dish TV on Tuesday said its Chairman Jawahar Lal Goel will vacate his position at the company's upcoming AGM on September 26, 2022. Goel, whose proposal for reappointment as Managing Director was rejected by the shareholders in an extraordinary meeting (EGM) held in June this year, has not reapplied for continuation as Chairman. In a regulatory filing Dish TV said:" Jawahar Lal Goel, Chairman and Non-Executive Director, shall vacate his office at the ensuing AGM on account of having expressed his unwillingness to offer himself for reappointment as a Director." The board of Dish TV, in a meeting held on Tuesday, also approved the convening of 34th AGM of the company on September 26, 2022 virtually through video conferencing and Other Audio Visual Means. The board also noted that the term of its Independent Director Bhagwan Das Narang shall expire on the date of the ensuing Annual General Meeting, "... upon completion of his second term and accordingly, Naran

Mukesh Ambani makes succession clear to shareholders at Reliance AGM

Tycoon's three children, Akash, Isha and Anant, to lead separate business

Minority investors may seek higher dividend as Tata Sons posts huge profit

Firm reports Rs 19,638 crore liability towards AGR dues of Tata Teleservices, makes provisions of Rs 1,148 crore for AGR and is expected to make additional provisions in the years ahead

NDTV defers AGM by a week to on Sep 27 amid Adani group's open offer

NDTV has deferred its Annual General Meeting (AGM) by a week to September 27 in view of the open offer from the Adani group to acquire a 26 per cent stake in the media company, according to a regulatory filing. The New Delhi Television Limited (NDTV)'s AGM was originally scheduled to be held on September 20. Last week, the Adani group announced to indirectly acquire 29.18 per cent shareholding in NDTV, and launch an open offer to buy an additional 26 per cent stake. "The 34th AGM of NDTV is being moved from September 20, 2022, to September 27, 2022 as a result of the processes required after the Notice and Public Announcement of the Open Offer made by VCPL (an indirect subsidiary of Adani Enterprises Ltd) to our public shareholders for acquiring up to 26 per cent of the Voting Share Capital of the Company," said Saturday late night filing. The AGM shall now be held on September 27, 2022 through Video Conference in accordance with the circulars issued by the Ministry of Corporate .

Vote against reappointment of Harsh Mariwala: SES to Marico's shareholders

Seeks approval for revision in remuneration payable to Marico's cost auditors

Battered by three decades of controversy, TMB looks back to the future

The storied bank hopes to put its troubles behind it with its impending IPO

Vedanta seeks shareholder nod for related-party deals worth Rs 8,661 cr

Three resolutions have been listed on the agenda of the company's annual general meeting (AGM), to be held on August 10, involving subsidiaries

Tata Motors targets five-fold rise in electric vehicle sales by FY24

Will look to sell 100K units by next year, said Tata Motors chairman N Chandrasekaran

LIC to hold first AGM on Sept 27 via video-conference, other AV means

LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd

Asian Paints sees scope to reinvent amid continuing global uncertainties

Chairman Deepak Satwalekar tells investors at AGM that the firm's network penetration and brand strength saw its decorative business deliver 31% growth by volume and 36% by value in FY22