Dish TV India Limited has informed the Exchange regarding 'Comments of the Board of Directors on Stock Exchanges Notices dated February 27, 2026 with respect to Non-Compliance of Regulations 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) for the quarter ended December 31, 2025.
DISHTV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NSE and BSE issued notices on February 27, 2026, fining Dish TV India Rs. 4.60 lakh each (Rs. 9.20 lakh total) for non-compliance with SEBI LODR Regulation 17(1) for the quarter ended December 31, 2025, as the company's Board strength fell below the minimum of 6 directors required. The Board explained that the shortfall is beyond its control — shareholders have repeatedly rejected director appointments (on December 12, 2024, and August 14, 2025), and the Ministry of Information and Broadcasting's Uplinking Guidelines restrict the Board from appointing more than 3 directors without prior MIB approval. New Independent Directors Arun Kumar Kapoor and Heena Naishadh Bhatt were appointed on August 14, 2025, but this only restores the Board to 3 members, still short of SEBI's requirement of 6.
The fine of about Rs. 9.2 lakh is small and not financially material for Dish TV. However, the unresolved Board composition issue is a recurring governance red flag — it signals ongoing shareholder-MIB friction that may keep the stock in regulatory trouble and dent investor confidence until a structural fix is found.