Dish TV fined again over lack of board strength

NEW DELHI: Direct-to-home operator Dish TV has been penalised again by leading bourses BSE and National Stock Exchange (NSE) over composition and lack of quorum on its board, according to a regulatory filing by the company. Dish TV was fined by the bourses in 2023 and 2024 for the same reason.It has received a latest notice on Aug 29 from the bourses, wherein a fine has been imposed on the company, for non-compliance of Regulations 17(1) and 19 (1)/(2) of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), for the quarter ended June 30."The above-mentioned non-compliances in respect to reduction in the board strength was on account of non-approval of shareholders for the appointment of directors and that the same was beyond the control of the board or the company," Dish TV said.