Market regulator Securities and Exchange Board of India (Sebi) has warned Dish TV India Ltd of regulatory action for failing to disclose the results of its annual general meeting (AGM) held on 30 December, according to a report in Mint.
On 9 February, the regulator told the company in an advisory that all listed entities are mandated to submit the voting results within two days after the AGM concludes, according to the Sebi (Listing Obligation and Disclosure Requirements) Regulations, 2015. The disclosure has already been delayed by 37 days, it added.
The warning comes when Dish TV is fighting a legal battle with its largest shareholder, Yes Bank Ltd, against the disclosure of its AGM results, the report said. BCS Bureau