Outcome of Board Meeting

Dish TV India Limited

24 July 2024

 

July 24, 2024

London Stock Exchange plc.

10 Paternoster Square

London

EC4M 7LS

Ref.                        : Stock (Dish TV India) - GDR-MIC - XLOM

Sub.                       : Outcome of Board Meeting

Dear Sir/Madam,

This is to inform you that, the Board of Directors of Company, at their meeting held today, i.e. July 24, 2024, has inter-alia:

1.    considered and granted its In-Principal approval to explore and initiate the process of raising of funds through permissible means under applicable laws including but not limited to, by way of, issue of equity shares/ convertible bonds/ debentures/ warrants/ preference shares/ foreign currency convertible bond (FCCB) / any other equity linked securities and/ or any other securities including through preferential issue on a private placement basis, qualified institutional placement or any other methods or combinations thereof, listed or unlisted, for an amount not exceeding Rs. 1000 crores, in one or more tranches, subject to such approvals as may be required;

2.    considered and approved incorporation / establishing of a Wholly Owned Subsidiary of the Company in India with such name as may be approved by the concerned approving authority, inter-alia to undertake the business of distribution of products and services through a robust digital platform and also provide ancillary services; &

3.    considered and approved the Notice of Postal Ballot for seeking approval of the Shareholders for raising of funds as mentioned above.

We request you to take the above on record.

Thanking you,

Yours truly,

For Dish TV India Limited

Ranjit Singh

Company Secretary & Compliance Officer

Membership No. A15442

Contact No.:+ 91-120-504-7000

 

END