Dish TV had received a one-month extension for conducting the 33rd annual general meeting of shareholders on November 29. The AGM was previously scheduled for November 30.
Dish TV was responding to media reports claiming Bharti Airtel was in early talks of acquiring a majority stake in the company.
Accounting firm EY, which Airtel has hired to inspect Dish TV's financials, submitted the due diligence report to the telecom company on October 25, according to the media reports.
Dish TV's AGM was scheduled for November 30. Private lender Yes Bank has been seeking a series of removals and appointments on the D2H operator's board.
The National Company Law Tribunal would be next hearing the shareholder activism tussle between Dish TV-Yes Bank on December 22.
The company informed that it was seeking an extension citing a pending outcome on an application filed by stakeholder Yes Bank before the Mumbai bench of the National Company Law Tribunal.
Dish TV had sought an extension to hold the shareholders' meeting on September 19. The company said it would require time for potentially changing the CEO or the board of directors of the company owing to a mandatory requirement from the Ministry of Information and Broadcasting
The company stated the postponement follows Yes Bank's proposal early this month to alter the board of the D2H provider
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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