Dish TV India’s shareholders have rejected the appointment of four directors at the company’s recent extraordinary general meeting (EGM). The rejected directors included both non-executive, non-independent directors and independent directors. This decision has resulted in the board’s effective strength being reduced to just two directors. The conflict between the company’s management and minority shareholders over alleged corporate governance lapses continues. Earlier, Dish TV had faced fines for violations related to board composition. Yes Bank, a significant stakeholder, had previously removed the company’s Chairman and MD.
Finance Minister Nirmala Sitharaman is optimistic about India’s economy and expects the private sector to invest actively. She believes that the current inflationary pressures are manageable and that the Reserve Bank of India is focused on the country’s needs. Sitharaman also discussed the potential for rate rationalization in the Goods and Services Tax (GST) and expects strong GDP growth in the next quarter. Additionally, she highlighted India’s achievements at the G20 summit and commented on the Hindenburg report’s impact on corporate governance.
