Shareholders of the direct-to-home operator Dish TV have rejected special resolutions seeking approval for the appointment of four new independent directors.

Four special resolutions in the extraordinary general meeting (EGM) held virtually on March 3 failed to get the requisite majority of votes from the shareholders of the company, according to an exchange filing.

“The resolutions numbers 1 to 4 have failed to receive a requisite number of votes in favour by the shareholders under remote e-voting and e-voting at EGM,” said the report of the scrutiniser of the meeting, a copy of which was updated on the bourses.

The four independent directors, whose names were put up for approval are Sunil Kumar Gupta, Madan Mohanlal Verma, Gaurav Gupta and Lalit Behari Singhal.

Four directors resign

Later in a separate filing, Dish TV informed its four independent directors have resigned after the outcome of the voting in the EGM.

“Based on the votes cast by the shareholders at the EGM, Sunil Kumar Gupta, Madan Mohanlal Verma, Gaurav Gupta and Lalit Behari Singhal, vacate the office of independent director of the company, effective from today,” said Dish TV in a late-night regulatory filing.

It further said consequent to the above vacation of the office of directors, the board strength of the company has been reduced to two directors.

PTI