Dish TV India Limited has announced that the National Stock Exchange of India Limited and BSE Limited have imposed fines totaling ₹9.2 lakh on the company for non-compliance with Regulation 17(1) of the SEBI Listing Regulations concerning the composition of its Board of Directors for the quarter ended September 30, 2025. The company was fined ₹4,60,000 by NSE and ₹4,60,000 by BSE. The Board of Directors, in a meeting held on February 06, 2026, discussed these notices and provided their comments. The non-compliance was attributed to the reduction in the Board's strength below the minimum requirement. This was a result of the shareholders not approving the appointment of certain directors and the necessity of obtaining prior approval from the Ministry of Information and Broadcasting (MIB) for director appointments. The company explained that while they could appoint directors to maintain a minimum of three on the board (as per Companies Act, 2013 and MIB's Uplinking Guidelines), they could not meet the SEBI LODR Regulations' requirement of a minimum of six directors. Dish TV highlighted that the appointments of Mr. Mayank Talwar and Mr. Gurinder Singh (effective December 12, 2024) and subsequently Mr. Arun Kumar Kapoor and Ms. Heena Naishadh Bhatt (effective August 14, 2025) were made to maintain the board strength at three. However, the shareholders did not approve the appointments of Mr. Talwar and Mr. Singh on August 14, 2025. The company stated that it, its Board, and Management have taken all requisite steps for compliance, but the non-compliance arising from the reduction in director numbers is beyond their control due to factors like shareholder decisions and MIB approval requirements.
