In a communication dated December 30, 2025, the MIB directed Dish TV to pay the fee, including interest, up to the fiscal year ended March 31, 2025. The ministry noted that the amount is subject to reconciliation based on the outcome of a Comptroller and Auditor General audit and cases pending before TDSAT, the Jammu and Kashmir and Ladakh High Court and the Supreme Court.
Dish TV said it has disputed the demand. Despite this, the company has recognised interest of Rs. 4,804 crore as at December 31, 2025, compared with Rs. 4,613 crore as at March 31, 2025, in line with accounting standards.
As of December 31, 2025, accumulated losses exceeded equity share capital, resulting in a negative net worth. Dish TV said it continues to prepare its accounts on a going concern basis, citing the absence of debt, cash generation capability and legal advice that its position has merit.
The licence fee dispute has been a persistent overhang for the DTH sector, with operators challenging the scope of revenues used for fee computation and the levy of interest. Proceedings relating to a CAG audit remain stayed by court order.
Dish TV also disclosed significant impairments at subsidiary Dish Infra Services following valuation-led assessments of investments in new-age technologies, including Watcho. Impairments included Rs. 798 crore in intangible assets under development, Rs. 202 crore in capital advances, Rs. 120 crore in other advances during FY25 and an additional Rs. 70 crore in the December quarter.
The group also recorded impairments on assets acquired from Videocon d2h, including Rs. 2364 crore on goodwill, Rs. 70 crore on customer and distribution relationships and Rs. 401 crore on property, plant and equipment in Dish Infra’s books.In Dish TV’s standalone books, impairments included Rs. 3,911 crore on goodwill, Rs. 1,029 crore on trademark and brand, Rs. 498 crore on customer and distribution relationships and Rs. 28 crore on property, plant and equipment.
As a result, the recoverable value of Dish Infra’s equity investment in Dish TV was impaired by Rs. 4,589 crore as at March 31, 2025, compared with Rs. 4,391 crore a year earlier.
Dish TV said it was fined Rs 4,60,000 each by NSE and BSE for non-compliance with SEBI board composition norms in the September 2025 quarter. The company said shareholder rejections and mandatory MIB approvals prevented it from appointing the minimum six directors required under Regulation 17(1).
