DISH TV INDIA LTD. - Outcome of Board Meeting
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| 26 Aug 2014 | |
| Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 26, 2014, inter alia, has considered and approved the following:<br/><br/>1. To transfer the Company's non-core business (including set top boxes, dish antenna, and related services) to its Wholly Owned Subsidiary - 'Xingmedia Distribution Private Limited', subject to the approval of the Shareholders' through Postal Ballot and as per the provisions of Section 180(1)(a) and other applicable provisions, if any, of the Companies Act, 2013 read with rules made thereto, and other necessary approvals, if any. Further, the Board authorized a Commit Directors to take all necessary actions/steps that may be required for the said transaction.<br/><br/>2. Postal Ballot Notice for seeking the approval of the members of the Company for the matter mentioned in Serial Number 1 above, under the applicable provisions of Companies Act 2013.<br/><br/>3. The issue and allotment of 14,760 fully paid equity shares of Re. 1/- each to 2 (Two) Employees of the Company, pursuant to the ESOP - 2007 Scheme of the Company read with Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended from time to time. | |
| View all announcements for DISH TV INDIA LTD. | Source: BSE India |
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