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Circ re. (SEBI Advisory and Reply by the Company)

10th Feb 2022 17:01

RNS Number : 3525B
Dish TV India Limited
10 February 2022
 

February 10, 2022

 

London Stock Exchange plc.

10 Paternoster Square

London

EC4M 7LS

 

Subject: SEBI Advisory dated 9 February 2022 and Reply by the Company

 

Dear Sir/Madam,

 

We wish to bring to your kind notice that:

 

1. As disclosed through our earlier communications/disclosures dated 24.12.2021 and 30.12.2021 made to the Stock Exchanges, World Crest Advisors LLP had filed a Commercial Suit (L) No. 29569 of 2021 before the Hon'ble High Court of Bombay challenging the ownership of shares of the Company held by Yes Bank Limited. The Company was arrayed as one of the Parties/ Defendants in the matter. On an application filed by World Crest Advisors LLP, by way of an Order dated 23.12.2021, the Hon'ble High Court of Bombay was pleased to direct that the voting results / outcome of the Annual General Meeting ("AGM") proposed to be held on 30.12.2021 will abide by the decision in the interim application filed by World Crest Advisors LLP. Given the directions contained in the said Order, and the procedural legal uncertainties resulting therefrom, the Company had filed Interim Application No. 121 of 2022 before the Hon'ble Court for leave to file the voting results / outcome of the AGM which has been obtained in a sealed cover. Yes Bank Ltd had also filed an Interim Application No. 376 of 2022 for a direction from the Court for declaration of the results.

 

2. The Company has on February 9, 2022 received an advisory letter bearing No. SEBI/HO/CFD/CMD1/PW/P/2022/5395/1 in relation to compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. A copy of the said Advisory Letter is available on the website of the Company viz. www.dishd2h.com.

 

3. The Company has responded to SEBI and brought to its attention that the issue of declaration of results of the AGM conducted on 30.12.2021 to be declared by Dish TV India Limited is sub-judice before the Hon'ble High Court of Bombay in the aforementioned two applications. The Hon'ble Court has admitted / issued notice on the two applications filed in the said matter, pleadings have been completed by all parties, and the matter has been listed for arguments. Thus, very issue of declaration of results of the AGM conducted on 30.12.2021 is in fact sub-judice before the Hon'ble High Court, which has taken cognizance of the matter, and will be hearing the arguments of the parties shortly, and issue its decision.

 

You are requested to kindly take the above on record.

 

 

Thanking You,

 

Yours truly,

For Dish TV India Limited

 

 

 

Ranjit Singh

Company Secretary and Compliance Officer

Membership No. A15442

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