Dish TV India Ltd


BSE: 532839 | NSE: DISHTV | ISIN: INE836F01026 
Market Cap: [Rs.Cr.] 6,582 | Face Value: [Rs.] 1
Industry: Entertainment / Electronic Media Software

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Board Meet

22-Jul-14 
Dish TV India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 22, 2014, inter-alia, to consider, approve and take on record the Un-Audited Financial Results of the Company for the First Quarter (Q1) and three months period ended June 30, 2014 of the Financial Year 2014-15, duly reviewed (Limited Review) by the Statutory Auditors of the Company. In accordance with Dish TV's Code of Conduct for Prohibition of Insider Trading, pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, as amended from time to time, the 'Trading Window' for dealing / trading in the shares of the Company, shall remain closed for the purpose of declaration of Un-audited financial results of the Company for the first quarter ended June 30, 2014, from the close of working hours of July 11, 2014 till the completion of 24 hours after the declaration of Financial Results of the Company for the quarter ended June 30, 2014 i.e. close of working hours of July 23, 2014 (both days inclusive). 
22-Jul-14 
Dish TV India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 22, 2014, inter-alia, to consider, approve and take on record the Un-Audited Financial Results of the Company for the First Quarter (Q1) and three months period ended June 30, 2014 of the Financial Year 2014-15, duly reviewed (Limited Review) by the Statutory Auditors of the Company. In accordance with Dish TV's Code of Conduct for Prohibition of Insider Trading, pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, as amended from time to time, the 'Trading Window' for dealing / trading in the shares of the Company, shall remain closed for the purpose of declaration of Un-audited financial results of the Company for the first quarter ended June 30, 2014, from the close of working hours of July 11, 2014 till the completion of 24 hours after the declaration of Financial Results of the Company for the quarter ended June 30, 2014 i.e. close of working hours of July 23, 2014 (both days inclusive). Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2014, inter alia, has : 1. Approved the issue and allotment of 38,420 fully paid equity shares of Re. 1/- each to 3 (Three) 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. 2. Approved the Postal Ballot notice for seeking consent of the shareholders for the following matters: a. To re-authorise the Board of Directors, pursuant to new provisions of Companies Act, 2013, to borrow up to Rs. 3000 Crores over and above the paid-up share capital and free reserves; b. To re-authorise the Board of Directors, pursuant to new provisions of Companies Act, 2013, for creation of Charge / Mortgage on assets of the Company; c. To offer or invite for Subscription of Non-Convertible Debentures on private placement basis for an amount upto Rs. 500 Crores; d. To authorize the Board, pursuant to new provisions of Companies Act, 2013, to make loans, give any guarantee or provide security and acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, in one or more tranches, upto an amount not exceeding Rs. 500 Crore. (As Per BSE Announcement date on 22.07.2014) 
27-May-14 
Audited Results 
27-May-14 
Dish TV India Ltd. will hold a meeting of the Board of Directors of the Company on 27 May 2014 to consider, approve and take on record the Annual Audited Financial Results of the Company for the Financial Year ended 31 March 2014. 
14-Feb-14 
Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2014, inter alia, has approved the following matters: 1. making loans / investments or giving guarantee or providing any security under Section 372A and other applicable provisions of the Companies Act, 1956 and the notified provisions of the Companies Act 2013, for an additional amount of Indian Rupees 30 Crores only, the aggregate amount of loans / investments / guarantees not exceeding Indian Rupees 100 crores only, in Dish T V Lanka (Private) Limited, over and above the limits prescribed under the said section. 2. making an initial investment of upto Indian Rupees One Lakh only, under Section 372A and other applicable provisions of the Companies Act, 1956 and the notified provisions of the Companies Act 2013, for acquiring/investing through purchase / transfer, the entire share capital of Xingmedia Distribution Private Limited over and above the limits prescribed under the said Section. The Board has also approved the Postal Ballot Notice for seeking the approval of the members of the Company for the above mentioned matters under the applicable provisions of the Companies Act, 1956 and the notified provisions of the Companies Act 2013. 

AGM

23-Aug-13
AGM 23.08.2013 Dish TV India Ltd has informed BSE that the 25th Annual General Meeting (AGM) of the Company will be held on August 23, 2013. (As Per BSE Announcement Dated on 14.08.2013) Dish TV India Ltd has informed BSE that the 25th Annual General Meeting (AGM) of the Company was held on August 23, 2013. (As per BSE Announcement Dated on 23.08.2013) Dish TV India Ltd has informed BSE regarding the details of Voting results at the 25th Annual General Meeting of the Company held on August 23, 2013, under Clause 35A. (As per BSE Announcement Dated on 26.08.2013) Dish TV India Ltd has submitted to BSE a copy of the minutes of the 25th Annual General Meeting of the Company held on August 23, 2013. (As per BSE Announcement Dated on 24.09.2013) 
09-Aug-12
Dish TV India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 09, 2012 to July 11, 2012 (both days inclusive) for the purpose of 24th Annual General Meeting (AGM) of the Company to be held on August 09, 2012. Dish TV India Ltd has informed BSE that the 24th Annual General Meeting (AGM) of the Company will be held on August 09, 2012. (As per BSE Announcement Website Dated on 21/07/2012) Dish TV India Ltd has informed BSE that the 24th Annual General Meeting (AGM) of the Company was held on August 09, 2012. (For more details kindly refer Corporate Announcements on www.bseindia.com). (As Per BSE Announcement Dated on 09.08.2012) Dish TV India Ltd has informed BSE regarding Voting Results at the 24th Annual General Meeting (AGM) of the Company was held on August 09, 2012, under Clause 35A. (As Per BSE Announcement Dated on 14.08.2012) Dish TV India Ltd has informed BSE that the 24th Annual General Meeting (AGM) of the Company was held on August 09, 2012. (As per BSE Announcement Dated on 12.09.2012)  
30-Aug-11
Dish TV India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 11, 2011 to July 14, 2011 (both days inclusive) for the purpose of 23rd Annual General Meeting (AGM) of the Company to be held on August 30, 2011. Dish TV India Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on August 30, 2011, inter alia, have approved the following: 1. Adoption of Audited Balance Sheet as at March 31, 2011, the Profit & Loss Account of the Company for the Financial Year on that date on a stand-alone and consolidated basis and the Reports of the Auditors' and Directors' thereon. 2. Re-appointment of Mr. Ashok Mathai Kurien as Non Executive Director of the Company, liable to retire by rotation. 3. Re-appointment of Mr. Bhagwan Dass Narang as Non Executive Independent Director of the Company, liable to retire by rotation. 4. Appointment of M/s. B. S. R. & Co., Chartered Accountants, Gurgaon, as Statutory Auditors of the Company. 5. Appointment of Mr. Gaurav Goel, relative of a Director, to hold an office or place of profit in the Company. (As Per BSE Announcement Website dated on 30.08.2011) Dish TV India Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on August 30, 2011 inter alia, have transacted the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2011, the Profit and Loss Account of the Company for the financial year ended on that date on a Stand-alone and Consolidated basis and the Reports of the Board of Directors and Auditors thereon. 2. Re-appointment of Mr. Ashok Mathai Kurien & Mr. Bhagwan Dass Narang, as Directors of the Company, liable to retire by rotation. 3. Appointment of M/s. B. S. R. & Co., Chartered Accountants, New Delhi, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on remuneration, terms & conditions. 4. Appointment of Mr. Gaurav Goel, relative of Mr. Subhash Chandra, Chairman and Mr. Jawahar Lal Goel, Managing Director, of the Company, to hold an Office or Place of Profit as Zonal Head - Delhi Zone with effect from October 01, 2011, on remuneration, terms & conditions. (As Per BSE Announcement Website dated on 05.10.2011) 
16-Dec-10
Dish TV India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from November 08, 2010 to November 10, 2010 (both days inclusive) for the purpose of 22nd Annual General Meeting (AGM) of the Company to be held on December 16, 2010. Dish TV India Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on December 16, 2010, have approved the following: 1. Adoption of Audited Balance Sheet as at March 31, 2010, the Profit & Loss Account of the Company for the Financial Year on that date and the Reports of the Auditors' and Directors' thereon. 2. Re-appointment of Mr. Subhash Chandra as Non Executive Director of the Company, liable to retire by rotation. 3. Re-appointment of Mr. Eric Louis Zinterhofer as Non Executive Independent Director of the Company, liable to retire by rotation. 4. Appointment of M/s. BSR & Co., Chartered Accountants, New Delhi, as Statutory Auditors of the Company. 5. Appointment of Mr. Mintoo Bhandari, Nominee of Apollo India Private Equity II (Mauritius) Ltd. as a Non Executive Director of the Company, liable to retire by rotation. 6. Appointment of Mr. Lakshmi Chand as a Non Executive Independent Director of the Company, liable to retire by rotation. 7. Appointment of Mr. Gaurav Goel, relative of a Director, to hold an office or place of profit of or in M/s. Integrated Subscriber Management Services Limited, a wholly owned subsidiary of the Company. 8. Raising of Long Term Funds upto USD 200 Million, through issue of Securities including through the QIP route. 9. Granting the power to the Board of Directors of the Company to mortgage, hypothecate and/or charge all or any part of the assets of the Company. (As Per BSE Announcement Website dated on 16.12.2010) Dish TV India Ltd has submitted to BSE a copy of the minutes of the 22nd Annual General Meeting (AGM) of the Company held on December 16, 2010. (As Per BSE Announcement Dated on 12.01.2011) 
03-Aug-09
AGM 03/08/2009 Dish TV India Ltd has informed BSE that the shareholders at the 21st Annual General Meeting (AGM) of the Company held on August 03, 2009, inter alia, have approved to the following: 1. Adopted the Audited Balance Sheet as at March 31, 2009, the Profit & Loss Accounts of the Company for the Financial Year on that date, on a stand-alone and consolidated basis, and the Reports of the Auditors' and Directors' thereon. 2. Re-appointment of Dr. Pritam Singh as Non Executive Independent Director of the Company retiring by rotation. 3. Re-appointment Mr. Arun Duggal as Non Executive Independent Director of the Company retiring by rotation 4. Re-appointment of M/s. MGB & Co., Chartered Accountants, as the Statutory Auditors of the Company at a remuneration to be decided by the Board. 5. Re-appointment of and the remuneration payable to Mr. Jawahar Lal Goel as the Managing Director of the Company for a period of 3 years from January 06, 2010. 6. Increase of the borrowing powers of the Board of Directors of the Company up to Rs 3000 Crores. 7. Approved fund raising in the form of any security(ies), convertible into equity shares and / or equity linked securities, up to maximum of the equivalent of USD 200 Million. 8. Increase of the Authorised Share Capital of the Company to Rs 135 Crores and approved consequent modifications in the Memorandum of Association of the Company. 9. Approved alteration of Articles of Association of the Company by insertion of a new Article 3A to enable the Company to issue inter-alia any Depository Receipts. (As Per BSE Announcement Dated on 03/08/2009) 

EGM

11-Nov-10
Dish TV India Ltd has informed BSE that, by an Order dated October 08, 2010 in the Company Application (M) No. 135 of 2010, the Hon'ble High Court of Judicature at Delhi has directed that a meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of Dish TV India Limited, the De-merged Company will be held on November 11, 2010, for the purpose of considering and if thought fit, approving, with or without modification(s), the arrangement embodied in the Composite Scheme of Amalgamation and Arrangement between Dish TV India Limited (De-merged Company), Integrated Subscriber Management Services Limited (Resulting / Transferee Company) and Agrani Satellite Services Limited (Transferor Company) and their respective shareholders and creditors. Dish TV India Ltd has informed BSE that with respect to convening of meeting of the Equity Shareholders of the Company as directed by the Hon'ble High Court of Delhi on November 11, 2010 for approving the Composite Scheme of Amalgamation and Arrangement between Dish TV India Ltd. and Agrani Satellite Services Ltd. and Integrated Subscriber Management Services Ltd. and their respective shareholders and creditors. Mr. Aman Ahluwalia (Advocate), Chairman appointed for the meeting of the Equity Shareholders of the Company (Dish TV India Ltd.), conducted the meeting as per the directions of the Order of the Delhi High Court dated Octobers 08, 2010 on November 11, 2010. The Scheme of Arrangement ('Scheme') was approved by requisite majority of Equity Shareholders present either in person or by proxy or as authorized representatives, as per the Chairman's Report filed with the Hon'ble High Court of Delhi on November 24, 2010. The said Scheme shall now be presented for approval and consideration of the Hon'ble High Court of Delhi. (As Per BSE Announcement Dated on 24.11.2010) Dish TV India Ltd has informed BSE that with respect to convening of meeting of the Secured and Un-Secured Creditors of the Company as directed by the Hon'ble High Court of Delhi on November 11, 2010 for approving the Composite Scheme of Amalgamation and Arrangement between Dish TV India Ltd. and Agrani Satellite Services Ltd. and Integrated Subscriber Management Services Ltd. and their respective shareholders and creditors ('Scheme'). Mr. Yogesh Jagia (Advocate), Chairman appointed for the meeting of the Un-Secured Creditors of the Company (Dish TV India Ltd.), conducted the meeting as per the directions of the Order of the Hon'ble High Court of Delhi dated October 08, 2010 on November 11, 2010. The Scheme was approved by requisite majority of Un-Secured Creditors present either in person or by proxy or as authorized representatives, as per the Chairman's Report filed with the Hon'ble High Court of Delhi on November 25, 2010. Mr. Pragyan Pradip Sharma (Advocate), Chairman appointed for the meeting of the Secured Creditors of the Company (Dish TV India Ltd.), conducted the meeting as per the directions of the Order of the Hon'ble High Court of Delhi dated October 08, 2010 on November 11, 2010. The Scheme was approved by requisite majority of Secured Creditors present through authorized representatives, as per the Chairman's Report filed with the Hon'ble High Court of Delhi on November 24, 2010. The said Scheme shall now be presented for approval and consideration of the Hon'ble High Court of Delhi. (As Per BSE Announcement Dated on 25.11.2010) 
29-May-08
The Board of Directors has approved convening an Extra Ordinary General Meeting of the Members of the Company on May 29, 2008, inter-alia, to seek and obtain the approval of the Members for the following: - Increase of Authorised Capital from Rs 73 Crores to Rs 100 Crores by creation of additional 27,00,00,000 Nos. of Equity Shares of Re 1 each; and - Enhancement of borrowing limits from Rs 1000 Crores to Rs 2000 Crores under Section 293(1)(d) of the Companies Act 1956; and - Authorise the Board under Sec 293(1)(a) of the Companies Act, 1956 to mortgage the assets of the Company to secure the borrowings of the Company from time to time. Dish TV India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 29, 2008, inter alia, has approved the following: 1. Increase the authorized share Capital of the Company from Rs 73 Crores to Rs 100 Crores, and 2. Increase the limits of the borrowing by the Company from Rs 1000 Crores to Rs 2000 Crores. (As per BSE Announcement Website dated ion 29/05/2008) 
04-Jan-08
Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 05, 2007, has approved Preferential Allotment of Equity Shares and Warrants convertible into Equity Shares, aggregating Rs 2500 Million, as detailed below, to 'Indivision India Partners' ('Indivision') a Mauritius based Private Equity Fund, subject to requisite shareholder / regulatory and other approvals: 1. Indivision would be issued and allotted 12,500,000 Equity Shares of Re 1 each in the Company at a price of Rs 100/- each aggregating Rs 1250 Million. 2. Indivision would also subscribe to 9,615,385 Warrants, convertible in to 9,615,385 equity shares at a price of Rs 130/- per equity share aggregating to Rs 1250 Million, within a period of 18 months from the date of issue of the warrants. The aforesaid Preferential Issue would, subject to approval of the shareholders and other regulatory authorities, be inter alia in compliance of SEBI Guidelines for Preferential Issues. The 'relevant date' for the purpose would be December 05, 2007 and the pricing of the shares is at a premium to the average of weekly high and low of the closing prices during the last 26-weeks and two weeks preceding the Relevant Date. In this regard, the Board of Directors has also approved convening an Extra Ordinary General Meeting of the Members of the Company on January 04, 2008, inter alia, to seek and obtain the approval of the members for the Preferential Issue of Equity Shares and Warrants. In this regard the Company has issued the following press release: In a meeting held on December 05, 2007, the Board of the Company has approved a preferential allotment of equity shares and warrants to Indivision India Partners (IIP). Pursuant to this allotment, which is subject to regulatory approvals, the Company would raise equity funds of Rs 1,250 million in the first tranche and another Rs 1,250 million on conversion of the warrants. The Board of the Company has approved a preferential allotment of equity shares and warrants to Indivision. Indivision will subscribe to 12,500,000 equity shares of Re 1/- each at a price of Rs 100 per equity share. In addition, Indivision will also subscribe to 9,615,385 warrants, convertible Into 9,615,385 equity shares at a price of Rs 130 per equity share, within a period of 18 months from the date of issue of warrants. Mr. Subhash Chandra, Chairman of the Company said, "We are happy to announce the participation of Indivision India Partners in our effort to provide consumers with unparalleled quality of digital television services directly to their homes. We are confident that Dish TV would deliver long term value to all its stake holders." Dish TV India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 04, 2008, inter alia, to offer, issue and allot the following securities, in one or more tranches through a Preferential Allotment, to M/s. Indivision India Partners, a Mauritius based Private Equity Fund, (a) 12,500,000 (Twelve Million Five Hundred Thousand) Equity Shares of Re 1 each for cash at a price of Rs 100/- per equity share (including premium of Rs 99/- per equity share). (b) 9,615,385 (Nine Million Six Hundred Fifteen Thousand Three Hundred and Eighty five) equity warrants, entitling the warrant holder from time to time in one or more tranches at their option to convert the warrants into, and apply for, equal number of equity shares of Re 1/- each for cash at a price of Rs 130/- per equity share (including premium of Rs 129/- per equity share). in accordance with SEBI (Disclosure and Investor Protection) Guidelines on Preferential Issue, aggregating to Rs 2500.00 Million (Rupees Two Thousand Five Hundred Million) and that the Board be and is hereby authorized to finalise all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable Jaws, rules and regulations for the time being in farce in that behalf (As per BSE Announcement Website dated on 11/12/2007) Dish TV India Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 04, 2008, have accorded their consent to issue and allot following securities, in one or more tranches through a Preferential Allotment, to M/s. Indivision India Partners, a Mauritius-based Private Equity Fund: (a) 12,500,000 (Twelve Million Five Hundred thousand) Equity Shares of Re 1 each for cash at a price of Rs 100/- per equity share (including premium of Rs 99/- per equity share); and (b) 9,615,385 (Nine Million Six-hundred Fifteen Thousand Three Hundred and Eighty-five) equity warrants, entitling the warrant holder(s) from time to time, in one or more tranches, at their option, to convert the warrants into, and apply for, equal number of equity shares of Re 1/- each for cash at Rs 130/- per equity share (including premium of Rs 129/- per share) in accordance with Chapter XIII, relating to issue of Shares on Preferential basis, of SEBI (Disclosure and Investor Protection) Guidelines, 2000. (As per BSE Announcement Website dated on 04/01/2008) 
25-May-07
Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2007, has taken the following decisions: For seeking appropriate approvals, the Board has also decided to convene an Extra Ordinary General Meeting of the Members of the Company on May 25, 2007. 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Vatsa Music 127,897.35 0.00 245.00 0.00 0.0 0.0 0.00
Zee Entertainmen 28,768.78 39.36 14.74 21.32 28.8 32.1 0.00
Sun TV Network 16,108.02 22.98 5.08 10.50 24.7 36.7 0.00
Dish TV 6,581.70 0.00 -21.31 12.19 0.0 0.0 0.00
D B Corp 5,926.78 19.34 5.18 10.86 27.6 35.3 0.14
TV18 Broadcast 5,202.43 60.70 1.50 36.46 0.3 4.0 0.23
Hathway Cable 4,813.84 0.00 5.21 28.34 0.0 0.0 1.07
UTV Software 4,414.51 0.00 7.68 0.00 0.0 0.0 2.91
Jagran Prakashan 4,052.50 16.84 4.26 11.06 26.4 19.7 0.50
Den Networks 3,784.97 0.00 2.13 19.31 5.7 8.5 0.62
H T Media 2,802.29 18.00 1.99 25.55 11.4 12.6 0.26
PVR 2,685.29 53.77 6.86 13.73 12.0 9.3 0.62
Ent.Network 2,107.49 29.91 3.63 11.89 13.2 17.6 0.00
Eros Intl.Media 2,079.18 18.29 2.33 8.86 16.2 18.0 0.53
Siti Cable 1,799.64 0.00 22.37 28.76 0.0 0.0 0.00

Futures & Options Quote

 
Expiry Date
59.00 2.95  [4.8]%
Instrument: FUTSTK
Expiry Date: 31 Jul 2014
Open Price: 61.95
Average Price: 59.91
No. of Contracts Traded: 15,720,000
Open Interest: 29,320,000
Underlying: DISHTV
Market Lot: 8000
Previous Close: 59.00
Day’s High | Low: 62.15 | 58.05
Turnover (Cr.): 94.18
Open Int. Change: -3,896,000.00 ( [11.7]% )
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Key Information

Key Executives:

Subhash Chandra , Chairman  

Jawahar Lal Goel , Managing Director  

Ashok Kurien , Director  

Arun Duggal , Director  


Company Head Office / Quarters:
Essel House B-10 Lawrence Road,
Industrial Area,
New Delhi,
New Delhi-110035
Phone : 91-11-27156040/41/43
Fax : 91-11-27156042
E-mail : cs@dishtv.in
Web : http://www.dishtv.in
Registrars:
Sharepro Services India P Ltd
Samhita Complex
Plot No 13 AB
Saki Naka Andheri(E)
Mumbai-400072

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