Dynavision

Tanishk_Ojha

Dynavision Ltd. was established in 1973 as a Joint Sector Public Limited Company with participation of M/s.Tamilnadu Industrial Development Corporation Ltd. (TIDCO) and the Private Promoter, Mr.P. Obul Reddy. It started commercial production of Black & White TVs in 1975 and Colour televisions in 1982 under “DYANORA” Brand Name. Since 1994 onwards, the Company was assembling Colour Television Sets (CTVs), Audios and Videos for M/s. Thomson Consumer Electronics India Limited on contract manufacturing basis.

M/s.Thomson Consumer Electronics India Limited wounded up their activities in India during 2004. Since the entire manufacturing capacity of the Company was lying idle, the entire factory premises have been leased out to M/s. Apollo Hospitals Enterprises Ltd, for establishing world class multi specialities Hospitals. Further, the company is planning to venture into other business activities.

Tanishk_Ojha

ANNUAL REPORT 1997-1998

Tanishk_Ojha

ANNUAL REPORT 1998-1999

Tanishk_Ojha

ANNUAL REPORT 1999-2000

Tanishk_Ojha

ANNUAL REPORT 2009-2010

The Company during the year continued to do job work to M/s MTL Instruments (P). Ltd. The Company expects that the quantum of work is likely to pick up in the near future. Further the Company is planning to venture into other activities.
However as per information derived from the website of Stock Exchange Mumbai the last price quoted on 09.07.2008 was Rs. 12.71 after that web site shows NIL transaction.
An aggregate sum of Rs.2414.19 lakhs (net of repayments) has been brought in so far as per directives of BIFR by the Promoter, as Interest Free Unsecured Loan as per the Declaration filed by the Company.
The Company has accumulated losses aggregating to Rs.3132.67 lakhs as at 31.3.2010, and is more than 50% of its Net Worth. The company has not incurred Cash Loss during the Current Year but has incurred cash loss in the immediately preceding Financial Year.

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ANNUAL REPORT 2010-2011

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ANNUAL REPORT 2011-12

An aggregate sum of Rs.2414.19 lakhs (net of repayments) has been brought in so far as per directives of BIFR by the Promoter, as Interest Free Unsecured Loan as per the Declaration filed by the Company.
The Company has not held any inventory, hence no comment is offered, in regard to physical verification of inventory, procedures of physical verification, and discrepancies noticed between book stock and physical inventory
The Company has accumulated losses aggregating to Rs.3190.75 lakhs as at 31.3.2011, and is more than 50% of its Net Worth.

Tanishk_Ojha

ANNUAL REPORT 2012-13

An aggregate sum of Rs.371.56 lakhs (net of repayments) has been brought in so far as per directives of BIFR by the Promoter, as Interest Free Unsecured Loan as per the Declaration filed with the Company.

Tanishk_Ojha

ANNUAL REPORT 2013-14

The Company has accumulated loss aggregating to Rs.3336.73 lakhs as at 31.3.2014, and is more than 50% of its Net Worth. The company has not incurred Cash Loss during the current year but has incurred cash loss in the immediately preceding Financial Year.

Tanishk_Ojha

ANNUAL REPORT 2014-15

Tanishk_Ojha

ANNUAL REPORT 2015-16

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ANNUAL REPORT 2016-17

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ANNUAL REPORT 2017-18

Tanishk_Ojha

ANNUAL REPORT 2018-19

Due to accumulated losses still remaining to be wiped off, the net worth of the company is negative and hence, your Board of Directors do not recommend any dividend to the Shareholders for the financial year ended 31.03.2019.

Tanishk_Ojha

ANNUAL REPORT 2019-20

The entire factory premises have been leased out to M/s Apollo Hospitals Enterprise Ltd for establishing world class multi specialties hospital. The company is at present having carry forward losses of Rs.817.18 lakhs as on 31 03.2020. Your Board is taking all the efforts to venture into operational activity and many initiatives have been taken towards that goal.

Tanishk_Ojha

ANNUAL REPORT 2020-21

During the Course of the year the company on the request received from the Apollo Hospitals Enterprise Limited, due to unprecedented financial crisis faced by them on account of COVID 19 pandemic, the company has granted waiver of 50% rent for the month of April & May, 2020 aggregating to Rs.50.80 lakhs and also deferred the escalation in lease rent applicable for the current year which is 14.5% on an annualised basis which caused reduction in revenue of the company for the year.