Dish TV India Settles SEBI Proceedings with Payment of Rs11.72 Lakh

Dish TV India Ltd has settled adjudication proceedings initiated by the market regulator Securities and Exchange Board of India (SEBI) by paying a settlement amount of Rs11.72 lakh. The settlement brings closure to a regulatory action concerning the company’s alleged violation of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. SEBI had initiated adjudication under Section 15-I of the SEBI Act, 1992, over allegations that Dish TV India failed to obtain prior shareholder approval for the continuation of Jawahar Lal Goel as a non-executive director between 25 June 2022 and 19 September 2022. His proposal for reappointment as managing director (MD) had been rejected by a majority of shareholders, making continued directorship contingent on shareholder approval und