A group of minority shareholders of Dish TV has sent a notice to call an Extraordinary General meeting (EGM) of the direct-to-home service provider, raising concerns over corporate governance issues, seeking reconstitution of the board and removal of two independent directors questioning their independence.

The notice sent by 77 shareholders of Dish TV, representing 10.15 per cent shareholding, proposed to nominate K Badri Narayanan, Satis Kumar Yanmandra, and Jeet Sen Gupta as independent directors on the board of the Essel Group firm. Besides, it has also sought the removal of two independent directors — Shankar Aggarwal and Rashmi Aggarwal — from the board

“The existing independent directors have a long-term association with Dish TV and Essel group which cast doubt over their independence,” the shareholders said.

Dish TV is embroiled in a tussle between its largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawahar Lal Goel over board representation in the company. The company is unable to pass its annual statements for the last two years and the feud has led to the departure of its former promoter-backed chairman Jawahar Lal Goel.

Informing about the development of the stock exchanges, Dish TV said it is examining the communication from the minority shareholders.

“... will take necessary steps as per applicable law and procedures,” said Dish TV in a regulatory filing.

Besides, the minority shareholders have also raised several other issues questioning the investments made by the company in its OTT platform Watcho.