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Dish TV India Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008

The Company has posted a net loss of Rs 1150.64 million for the quarter ended March 31, 2008 as compared to net loss of Rs 1001.78 million for the quarter ended March 31, 2007. Total Income has increased from Rs 666.35 million for the quarter ended March 31, 2007 to Rs 1363.60 million for the quarter ended March 31, 2008.

The results for the Year ended March 31, 2008

The Company has posted a net loss of Rs 4132.04 million for the year ended March 31, 2008 as compared to net loss of Rs 2518.82 million for the year ended March 31, 2007. Total Income has increased from Rs 1943.13 million for the year ended March 31, 2007 to Rs 4157.17 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Audited consolidated results for the Year ended March 31, 2008

The Group has posted a net loss of Rs 4141.28 million for the year ended March 31, 2008 as compared to net loss of Rs 2400.71 million for the year ended March 31, 2007. Total Income has increased from Rs 1962.44 million for the year ended March 31, 2007 to Rs 4161.76 million for the year ended March 31, 2008.

Dish TV India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 18, 2008, inter alia, to transact the following:

1. Consider, approve and take on record the audited financial results of the Company for the fourth quarter and financial year ended March 31, 2008, and

2. Consider the matter relating to voluntary delisting of the Equity Shares of the Company from the Calcutta Stock Exchange Association Ltd (CSE) in terms of the provision of the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003.

Dish TV India Ltd on April 29, 2008 has announced the departure of its CEO Mr. Arun Kumar Kapoor, who has decided to move on for enhanced career opportunity, after a short stint of 18 months with the organization.

During his tenure, the organization consolidated its position of the country’s largest DTH platform, which today carries 185 channels and enjoys over 3 million subscribers on its platform. Under his able leadership, it also evolved from being a monopoly market set-up to one that is highly competitive, ready to brace a multi-player environment.

Dishtv today not only enjoys a lead market share of 59% of DTH users in the country, but is also poised to lead from the front as the market expands.

Dish TV India Ltd has informed BSE that the Remuneration Committee of the Board of Directors of the Company at its meeting held on April 24, 2008, have approved the grant of 184,500 options convertible into 184,500 equity shares of Re 1/- each to 2 (two) employees of the Company at an exercise price of Rs 63.95 being the closing price at the highest traded Exchange (NSE) on April 23, 2008, pursuant to the SEBI (ESOP) Guidelines 2000.

Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 24, 2008, inter alia, have approved the issue of shares on Rights Basis to the Shareholders of the Company, upto Rs 1200 Crores.

The aforesaid Rights Issue would, subject to approval of the regulatory authorities, inter-alia be in compliance of SEBI (Disclosure and Investor Protection) Guidelines 2000.

The Board of Directors has also 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 announced the following Media Release :

“Dish TV India Ltd, on February 22, 2008, informed the Stock Exchanges that the process of issue and allotment of equity shares and warrants to Indivision India Partners (IIP) on a preferential basis stands withdrawn and cancelled.

The Board of Dish TV had earlier approved a preferential allotment of equity shares and warrants to IIP. IIP was to subscribe to 12,500,000 equity shares of Re 1/- each at a price of Rs 100 per equity share and 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. The Company had obtained all requisite approvals for the said issue.

“Due to recent volatility in the Indian markets, IIP wanted to drop taking the warrants and the Board of Dish TV felt that since the promoters are fully backing as well as the growth of customer acquisition is robust, we should not accept the change in deal structure, hence the Company declined the change” said Mr. Jawahar Goel, Managing Director of the Company. The Company has a complete plan for required funding.

Mr. Subhash Chandra, Chairman said “We reiterate our commitment toward dishtv business and are confident of its growth prospects ahead. The promoters have in the past infused finds into the business as and when required, and would continue to support in the near future.

Dish TV Ltd is continuously expanding its subscriber base at a rapid pace in order to grow and sustain the leadership position in the pay DTH market. During the period from April 2007 ? January 2008, Company has added more than 856,000 subscribers. During January 2008, despite the advent of a new DTH player ? Sun Direct in the four southern states, dishtv has added 101,047 new subscribers and continued to show robust growth in the southern market due to a combination of superior regional languages offering and focused marketing initiatives. This lead to number of subscribers going up from 2.7 million as on December 31, 2007 to 2.8 million as on January 31, 2008.”

Dish TV India Ltd has informed BSE about the cancellation and withdrawal of the Company’s proposal for issue of the following securities in one or more tranches on a Preferential basis to M/s. Indivision India Partners,

- 12,500,000 Equity Shares of Re 1 each for cash at a price of Rs 100/-per share; and

- 9,615,385 equity warrants which would entitle to seek and convert these warrants in to equity shares of Re 1 each for cash at a price of Rs 130/- per share

The Company had obtained all requisite approvals for the said issue, including regulatory approvals:

- Board of Directors on December 05, 2007,

- Shareholders by means of Special Resolution on January 04, 2008

- Ministry of Information and Broadcasting, Government of India (MIB) vide dated January 02, 2008

- Foreign Investment Promotion Board (FIPB) vide dated January 31, 2008

Further the Company has informed that, even though the time limit of 15 days specified under Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 applicable for Preferential Issues Guidelines has expired on February 21, 2008, the Company has not been able to complete the process of allotment of these securities within the specified time limit in the absence of any remittance from the Investor towards subscription to these securities. Under the circumstances, the proposal for issue of the securities on a Preferential Basis to the Investor stands withdrawn and cancelled.