Dish TV India Limited has informed stock exchanges about a significant legal development involving a Civil Appeal Petition filed by the Additional Director General (Adjudication), Directorate of Revenue Intelligence (DRI) before the Supreme Court of India on March 18, 2026.

Background of the Tax Dispute

The current legal proceedings stem from a longstanding tax dispute that began with DRI's order dated April 28, 2020. In this original order, DRI had confirmed a substantial demand against the company involving differential duty and associated penalties.

CESTAT Ruling and Company Victory

Following DRI's original order, Dish TV India filed an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Delhi, challenging the demand. The company achieved a significant victory when CESTAT ruled in its favor on September 23, 2025, allowing the company's appeal and setting aside the impugned order entirely.

Supreme Court Appeal Filing

Despite the favorable CESTAT ruling, DRI has now escalated the matter to the highest judicial authority in the country. The company was informed on March 18, 2026, at 12:22 PM about the filing of the Civil Appeal Petition before the Supreme Court of India.

Financial Implications

According to the company's disclosure, the financial impact of this litigation will be limited to the extent of the final order under the proceedings. The quantum of claims remains as detailed in the original dispute, involving the Rs. 56.47 crore differential duty demand along with applicable interest and equivalent penalty.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with the company's Policy for determining Material Events. The information was communicated to both NSE and BSE through proper regulatory channels, with Company Secretary & Compliance Officer Ranjit Singh signing the disclosure documents.

Dish TV India Limited has dispatched its postal ballot notice to shareholders for the appointment of three independent directors, following the board meeting held on March 13, 2026. The telecommunications and direct-to-home service provider has initiated the formal shareholder approval process through remote e-voting facility.

Postal Ballot Notice Dispatch

The company dispatched the postal ballot notice on March 18, 2026, electronically to members whose email addresses are registered with MUFG Intime India Private Limited (formerly Link Intime India Private Limited) or the depositories. The notice seeks shareholder approval for the appointment of three independent directors through special resolutions.

Independent Directors for Appointment

The postal ballot covers the appointment of three independent directors, each requiring special resolution approval from shareholders:

Director Profiles and Expertise

Mr. Arun Kumar Kapoor brings over 34 years of experience across FMCG, Telecom, BPO, and DTH sectors, having served with organizations like United Breweries, Gillette, Bharti Cellular, and Dish TV India Limited. He holds an MBA from Jamnalal Bajaj Institute and a Ph.D. from Chitkara University.

Ms. Heena Naishadh Bhatt contributes 34 years of banking and finance expertise, having worked with Bank of India, ICICI Bank, and IDBI Bank. She currently serves as Chief Operating Officer of Tripoli Management Pvt. Ltd. and holds a postgraduate degree in Finance.

Mr. Ashok Anant Paranjpe is an Advocate & Solicitor with an LL.M. from University of Mumbai. He was a Partner at Wadia Ghandy & Company for over two decades and currently serves as Managing Partner of MDP Associates, Advocates & Solicitors.

Appointment Terms and Regulatory Compliance

All three appointments are structured for five-year terms as Non-Executive Independent Directors, not liable to retire by rotation. The appointments comply with the Companies Act, 2013, and SEBI Listing Regulations.

For Mr. Kapoor and Ms. Bhatt, the Ministry of Information and Broadcasting approval was received on January 20, 2026. Mr. Paranjpe's appointment remains subject to similar regulatory approval.

E-voting Process and Shareholder Participation

Shareholders holding shares as of the cut-off date March 13, 2026, are eligible to participate in the remote e-voting process. The company has appointed Ms. Neelam Gupta of M/s. Neelam Gupta & Associates as the Scrutinizer for conducting the postal ballot process.

The postal ballot notice is available on the company's website at www.dishd2h.com and on stock exchange websites. Results will be announced within permissible timelines and communicated to stock exchanges and NSDL upon completion of the scrutiny process.