Dynavision Limited held its 51st Annual General Meeting on September 21, 2026, via video conference. The meeting concluded within 20 minutes after shareholders approved key resolutions.

The company secured approval for material related party transactions with its subsidiary, Dynavision Green Solutions Limited. This special business item was passed as an ordinary resolution alongside routine agenda items.

Meeting Proceedings

K. Skandan, Chairperson and Independent Director, occupied the chair for the proceedings. Suleelal V, Managing Director, introduced the board members and statutory auditors present. The meeting commenced at 3:00 pm and concluded at 3:20 pm.

A total of 64 members were present at the start of the meeting. This included two representatives from the promoter group and 62 public shareholders. One shareholder registered as a speaker and raised queries, which were addressed by the Chairperson.

Resolutions Passed

The following resolutions were put to vote through remote e-voting facilitated by National Securities Depository Limited (NSDL). The e-voting window ran from September 18 to September 20, 2026.

Mr. A. Sudheer Reddy retires by rotation and offered himself for re-appointment. He serves as a Non-executive Director and Chairperson of the Stakeholders Relationship Committee and CSR Committee.

Governance and Compliance

Mrs. N. Srividhya, Practicing Company Secretary, was appointed as the Scrutinizer for the e-voting process. The Directors' Report was taken as read, with no qualifications in the Auditors Report requiring discussion under Section 145 of the Companies Act, 2013.

Registers of Directors' Shareholdings, Key Managerial Personnel, and Contracts involving Directors were available for online inspection. No proxy voting was required as physical presence was not mandated for this virtual meeting.

Dynavision reported a ₹809.5 million consolidated net profit for FY26, up 38% from the previous year, driven by a significant tax benefit. The company will hold its 51st Annual General Meeting on September 21, 2026, seeking shareholder approval for a related-party loan facility of up to ₹30 crore for its subsidiary, Dynavision Green Solutions Limited (DGSL).

Financial Performance

Consolidated revenue from operations rose 2.8% to ₹1,354.1 million for the year ended March 31, 2026, compared to ₹1,317.4 million in FY25. Standalone revenue fell 9.7% to ₹882.9 million due to no EPC contract revenue in the current period.

*EBITDA calculated as Profit before Interest and Depreciation.

The consolidated net profit surge was primarily fueled by a tax pertaining to earlier years of ₹240.9 million, which reduced total tax expense to a credit of ₹25.2 million. In contrast, FY25 saw a tax expense of ₹242.5 million. Standalone net profit also climbed 38.5% to ₹858.4 million, aided by the same prior-period tax adjustment.

Related-Party Transaction Details

The proposed transaction is classified as material because its aggregate value exceeds 10% of the company's annual consolidated turnover. The consolidated turnover for FY26 stood at ₹15.69 crore (Note: Source discrepancy exists between ₹1,354.1 million revenue and ₹15.69 crore turnover cited for RPT calculation; likely referring to specific segment or standalone operational turnover used for regulatory threshold). Consequently, the ₹30 crore limit represents 191.20% of the listed entity's relevant turnover.

The funds are intended for project expansion and operational requirements by DGSL. The interest rate will be floating, calculated as the prevailing repo rate at disbursement plus a margin not exceeding 5%. This approval supersedes previous limits.

What the Numbers Show

The financial results highlight a divergence between operational performance and bottom-line profitability. While consolidated revenue growth was modest at 2.8%, the net profit margin expanded significantly due to non-operational tax benefits. The subsidiary, DGSL, reported a standalone turnover of ₹4.84 crore for FY26. The new ₹30 crore loan limit amounts to 619.83% of the subsidiary's annual turnover, indicating substantial headroom for future capital deployment relative to current revenue generation.

Board and Governance Updates

Mr. A. Sudheer Reddy, Non-Executive Director, retires by rotation and offers himself for re-appointment. He attended all four board meetings held during FY26. His remuneration last drawn was nil, with sitting fees fixed at ₹2.20 lakh.

Meeting Logistics

The AGM will be conducted via Video Conferencing or Other Audio-Visual Means on September 21, 2026, at 3:00 pm. Remote e-voting opens on September 18, 2026, at 9:00 am and closes on September 20, 2026, at 5:00 pm. The book closure period runs from September 15, 2026, to September 21, 2026. Shareholders holding shares as of the cut-off date, September 14, 2026, are eligible to vote.

Pursuant to Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015, the company has dispatched letters to shareholders whose email addresses are not registered with the Company, Registrar & Transfer Agent, or Depository Participants. These letters provide the web link to access the Notice for the 51st AGM and the Annual Report for FY26. The documents are available on the company website and the BSE Ltd website. Shareholders without registered emails are requested to update their details with their RTA or Depository Participant to ensure receipt of future communications.