Shareholders of direct-to-home company Dish TV India Ltd on Friday rejected special resolutions to reappoint Jawahar Goel as Managing Director (MD) and Anil Dua as full-time director of the company. The appointment of Rajagopal C. Venkateish as an independent director of the Essel Group company was also rejected.
However, Goel would remain a non-executive director of the company and Dua the chief executive officer, the company said in a stock exchange report.
Dish TV shares soared 10.66 percent to 12.04 rupees on the BSE on Friday.
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The denial of the re-appointment came amid attempts by the Promoter Group to prevent YES Bank, the largest shareholder, from voting at the EGM. Bombay HC on Thursday dismissed World Crest Advisors LLP’s appeal against YES Bank’s voting rights.
According to voting results announced Friday night, 78.9 percent of shareholders voted against reappointing Goel, 26.10 percent against Dua and 73.25 percent against Venkateish. Dish TV needed 75 percent of the shareholder votes to pass the three resolutions.
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