ITV

Tag: independent directors

  • Sun TV appoints three new independent directors

    Sun TV appoints three new independent directors

    MUMBAI: Leading south Indian TV network Sun TV  has made changes to its board of directors following the completion of terms by three previous members. As per an official release posted on the Bombay stock exchange, the company has announced the appointment of Mandalapu Harinarayanan Harshavardhan, Ravivenkatesh Pragadish Karthik, and Jagadeesan Gayathri as additional non-executive independent directors, effective 7 October 2024.

    Their engagements  are set for five-year terms, pending shareholder approval. Harshavardhan, a media entrepreneur, will contribute with his diverse background in the construction and hospitality sectors. Meanwhile, Karthik, with experience in mechanical engineering and stints at leading US companies like Tesla,  brings a technical edge to the board. Finally, Gayathri, an advocate by profession, completes the trio with her legal expertise.

    This restructuring also includes a reconstitution of several key committees, with these new directors playing pivotal roles across audit, remuneration, and stakeholder relations. 

    The new appointments are expected to enhance the company’s strategic vision as it builds on its continued financial success.
     

  • GTPL Hathway announces change in directorate

    GTPL Hathway announces change in directorate

    MUMBAI: There has been a change in the directorate at GTPL Hathway. The Anirudhsinh Jadeja-promoted network has accepted the stepping down of Falgun Shah and Kunal Chandra – as independent directors, having completed their second term from 27 September 2024.  It made this announcement to the Bombay stock exchange in end-September.

    The duo has been replaced by Dhiren Dalal and Sunil Sanghvi who came on board as independent directors from 28 September.

    It may be recalled that GTPL Hathway had disclosed in its annual report for the year ended 31 March 2024 that its rapid expansion in Andhra Pradesh , Telangana, Tamil Nadu, the north-east, Delhi, Harayana and Uttarkhand had led to an increase in its active subscribers by 550,000 to reach 9.5 million while its paying subscribers rose 600,000 to touch 8.8 million on a year on year basis. Its standalone revenue too rose to Rs 2028.52 crore and its net profit to Rs 76.24 crore. 

  • Dish TV Crisis: Shockingly four independent Directors were rejected by shareholders

    Dish TV Crisis: Shockingly four independent Directors were rejected by shareholders

    Mumbai – At extraordinary meetings of Dish TV shareholders, shockingly shareholders rejected the candidature of four independent candidates during the meeting. In recent developments, Dish TV India approved Sunil Khanna as an independent director and Ravi Bhushan Puri as an executive director.

    According to the mint report, due to the rejection of 4 independent directors, an Extraordinary General Meeting ( EGM) was called out on 3 March, and the resignation of Independent director Zohra Chatterjee effective from 2 June. The appointment of new directors Sunil Khanna, and Ravi Bhushan Puri became effective after Ministry of Information and Broadcasting (MIB) approval.

    According to Dish TV’s statement, Ravi Bhushan Puri will not be entitled to additional remuneration for an aforementioned appointment. He will continue with the designation of ‘ Corporate Head of Broadcasting’ in the company.

    Dish TV faced a board strength shortfall that is not aligned with the mandatory requirements of SEBI ( Security Exchange Board of India) for six directors. Now in contingency by the disapproval of four independent directors, the company stated to have taken compliance measures with listing regulations.

    According to exchange filings, the appointment of Rajesh Sahni, Virender Tagra, Aanchal David, and Shankar Agrawal was rejected by minority shareholders. Before this EGM meeting development of Dish TV 13 Directors was rejected by shareholders in 2021.

    Internal financial stability problems will be addressed by shareholders of the company in the upcoming days.
     

  • ixigo introduces six independent directors to the board panel

    ixigo introduces six independent directors to the board panel

    Mumbai: Online travel app ixigo on Monday announced the appointment of six independent members to its board of directors.

    The new independent members of the board are NASSCOM Foundation ex-chairman & trustee Arun Seth; IRCTC (Indian Railway Catering and Tourism Corporation Limited) ex-chairman & managing director Mahendra Pratap Mall; ICICI Ltd & ICICI Prudential Life ex-vice president Shubha Rao Mayya; Hopper Inc founder & CEO Frederic Lalonde; Hamstede Living MD & CEO and ex Lemon Tree Hotels, Ginger Hotels, Rahul Pandit and Innerchef co-founder Rajesh Sawhney.

    Taking to social media, ixigo’s Group CEO & co-founder, Aloke Bajpai tweeted: “We are thrilled to welcome 6 new independent board members bringing rich, diverse and relevant experience to our Board. Together, we will take our iconic travel-tech offerings to the next level!”

    Launched in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo is an AI-based travel app based in Gurugram and has a user base of more than 250 million. The travel firm has divided its apps based on user interest – the ixigo train app and the ixigo flight app. 

    Earlier this year, the company acquired Bengaluru-based online train discovery and booking platform Confirmtkt for an undisclosed amount. ixigo is the fourth Indian online travel company to go public after MakeMyTrip, Yatra, and  EaseMyTrip.