Quantum Digital Vision sets Aug 21 AGM, approves ₹75 crore capital hike

Quantum Digital Vision (India) Ltd has scheduled its Annual General Meeting (AGM) for August 21, 2026, following a board meeting on July 25, 2026, where directors approved a significant increase in authorized share capital from ₹25 crore to ₹100 crore. The Mumbai-based company also finalized the appointment of M/s. Arvind Baid & Associates as statutory auditors for five years and approved the re-appointment of Himalay Panna Dassani as Managing Director. These resolutions, along with proposals to alter the company’s main objects and change its name, are subject to shareholder approval at the upcoming AGM.

The Board of Directors convened at the registered office in Vile Parle West, Mumbai, from 10:00 A.M. to 1:30 P.M. on July 25, 2026, to transact business pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to financial and governance approvals, the board expanded the scope of corporate powers, including borrowing limits and investment thresholds under Sections 180(1)(c) and 186 of the Companies Act, 2013. These structural changes aim to provide greater flexibility for future growth initiatives, subsidiary formations, and strategic investments.

Key Board Resolutions

The board approved several critical governance and operational matters during the meeting. The most notable decision was the enhancement of authorized share capital by ₹75 crore, requiring member approval at the AGM. Other key approvals included:

Resolution	Details
AGM Date	Friday, August 21, 2026, at 10:00 A.M.
Statutory Auditor	M/s. Arvind Baid & Associates (Firm Reg. No. 137526W) for five years
Managing Director	Re-appointment of Himalay Panna Dassani for three years from September 23, 2026
Woman Director	Appointment of Priyanka Pradyumna Tiwari as Additional Director (Non-Executive)
Capital Hike	Increase authorized capital from ₹25 crore to ₹100 crore

Priyanka Pradyumna Tiwari, who holds post-graduate qualifications in Finance and Data Science, was appointed as an Additional Non-Executive Woman Director effective July 25, 2026. Her appointment complies with Section 149 of the Companies Act, 2013, and is subject to ratification by shareholders. Siddhi Singhania (nee Dhandharia), a practicing Company Secretary, was appointed as the Scrutinizer for the ensuing AGM.

Strategic Expansions and Corporate Powers

The board also sought shareholder consent to expand the company’s Main Object Clause in the Memorandum of Association, enabling it to undertake additional business activities. Furthermore, the directors approved proposals to form or invest in subsidiaries, associate companies, joint ventures, and special purpose vehicles. To support these expansions, the board authorized the creation of security charges over movable and immovable assets and proposed borrowing powers exceeding limits specified under Section 180(1)(c) of the Companies Act, 2013. Additionally, the board approved making investments and granting loans beyond Section 186 limits, all pending member approval.

A proposal to change the company’s name and alter Clause I of the Memorandum of Association was also placed before the board for approval. This change requires regulatory clearance and shareholder consent. The comprehensive agenda reflects a strategic push to broaden operational capabilities and financial flexibility for Quantum Digital Vision (India) Ltd.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.85%	+15.31%	+29.35%	+43.72%	+13.64%	+636.39%

Quantum Digital Vision (India) Ltd reported a net loss of ₹44.99 lakh for the financial year ended March 31, 2026, a significant decline from the profit of ₹62.84 lakh recorded in the previous year. The company's board approved the audited standalone financial results for the fourth quarter and the full year during a meeting held on May 26, 2026. The statutory auditors, M/s. Arvind Baid & Associates, issued an unmodified opinion on the results.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹19.07 lakh. Revenue from operations for the year stood at ₹234.99 lakh, while total income reached ₹279.26 lakh. Total expenses for the year increased to ₹308.11 lakh, up from ₹30.13 lakh in the prior year, primarily driven by purchases of stock-in-trade and employee benefit expenses.

Financial Performance

The company's financial statements reveal a shift in profitability and asset composition. Key metrics for the year ended March 31, 2026, compared to the previous year are outlined below:

Particulars	Year Ended March 31, 2026 (₹ in lacs)	Year Ended March 31, 2025 (₹ in lacs)
Revenue from Operations	234.99	-
Total Income	279.26	97.46
Total Expenses	308.11	30.13
Net Profit/(Loss) for the period	(44.99)	62.84
Earnings Per Share (Basic)	(1.48)	2.07

The balance sheet as of March 31, 2026, shows total assets of ₹199.72 lakh, an increase from ₹130.17 lakh in the previous year. Equity share capital remained constant at ₹699.50 lakh, while other equity decreased to a negative balance of ₹1,089.55 lakh. Borrowings stood at ₹206.96 lakh, comprising both non-current and current liabilities.

Board Changes

Simultaneously, the company disclosed the resignation of three non-executive independent directors from its board. Mrs. Shakuntla Panna Dassani, Mr. Rajkishan Shamboonarayan Singh, and Mrs. Rajeshwari Kiran Kulkarni resigned effective May 26, 2026. The resignations were attributed to the directors' inability to devote sufficient time to their roles due to other preoccupations and time-bound responsibilities.

The resignations were disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there were no other material reasons for the resignations beyond those stated in the letters submitted by the directors.