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BSE, NSE Fine Dish TV ₹11.38 Lakh for June-Quarter Board Non-Compliance

Dish TV says shareholder refusals to approve directors led to reduced board strength.

Overview

  • The exchanges issued notices on Aug. 29 for violations of SEBI LODR Regulations 17(1) and 19(1)/(2) in the quarter ended June 30, 2025.
  • Dish TV plans to pay the fines within 15 days and says there is no impact on operations beyond the monetary penalty.
  • BSE and NSE instructed the company to inform promoters and place the non-compliance before the board at its next meeting, with the board’s comments to be reported back.
  • The penalties follow earlier fines in 2023 and 2024 tied to similar governance lapses after shareholders rejected director appointments and certain proposals.
  • The company lists a seven-member board on its website, as promoter dynamics remain fluid with Subhash Chandra’s group near 4% and YES Bank’s former 24.2% stake now with JC Flowers.