Dish TV CEO Atul Dua to quit, company proposes Manoj Dobhal new chief

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Dish TV on Tuesday proposed the appointment of Manoj Dupal as the company’s new CEO as Anil Dua decided to leave the direct-to-home company.

Dubal is the company’s current Chief Operating Officer (COO).

Dish TV got into a conflict between its largest shareholder Yes Bank Ltd (YBL) and the family of promoters 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 past two years and obtain shareholders’ approval to appoint members of the Board of Directors, leaving some positions vacant.

Dish TV said in a regulatory filing that leading stock exchanges BSE and NSE imposed a fine of Rs 10,000 each on the direct-to-home operator Dish TV for non-compliance with the composition of the board.

“BSE Ltd and NSE Ltd have issued correspondence dated 22nd May 2023 to the Company relating to non-compliance with requirements relating to the composition of the Board of Directors for the quarter ended 31st March 2023, pursuant to which the exchanges imposed a fine of Rs 10,000 (per exchange) (excluding tax),” Dish TV said. goods and services) of the company.

Dish TV currently has six people on its board including outgoing CEO Anil Dua, as per data available on the exchanges.

“After a successful tenure of 6 years, Anil Dua, Chief Executive Officer of Dish TV India Limited, has today submitted his application to move to the Board of Directors of the company,” said a statement from Dish TV.

In accordance with the transmission guidelines, Dish TV has requested prior approval from the Ministry of Information and Broadcasting (MIB) for said changes.

Dowa will be at the helm for a further three months to ensure a smooth transition to Dubal who will be CEO-designate until obtaining the required regulatory approval from MIB, for his appointment as CEO.

Last week, a group of Dish TV’s minority shareholders sent a notice to call the company’s Extraordinary General Meeting (EGM), raising concerns about corporate governance issues, and seeking to reconfigure the board and fire two independent directors whose independence was questioned.

(Only the title and image for this report may have been reworked by the Business Standard staff; the rest of the content is generated automatically from a shared feed.)