Quantum Digital Vision (India) Limited , a Mumbai-based company, has announced significant changes in its auditing arrangements and financial reporting. The company's board of directors convened on November 11, 2025, to address several key matters, including the appointment of a new statutory auditor and the approval of financial results.

Auditor Transition

The board has approved the appointment of M/s Arvind Baid Associates as the new statutory auditors of the company. This decision comes in the wake of the resignation of the previous auditors, M/s Shah Khandelwal Jain Associates. The outgoing auditors cited pre-occupation and other commitments as reasons for their immediate resignation.

In a letter dated November 11, 2025, Ashish Khandelwal, Partner of M/s Shah Khandelwal Jain & Associates, formally tendered the firm's resignation. The resignation is effective from the close of business hours of the board meeting held on the same date.

The appointment of M/s Arvind Baid Associates is subject to approval by the company's members. This change aims to fill the casual vacancy created by the resignation of the previous auditors.

Financial Results Approval

During the same board meeting, Quantum Digital Vision also considered and approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2025. These results were reviewed by the Audit Committee before being taken on record by the Board.

Key Financial Highlights

The company's financial statement reveals some notable figures:

The cash flow statement indicates a slight decrease in cash and cash equivalents, from 18.52 lakhs at the beginning of the period to 27.97 lakhs at the end of the period ended September 30, 2025.

Corporate Governance

The company has adhered to regulatory requirements by promptly disclosing these developments to the BSE Ltd., in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quantum Digital Vision's board has demonstrated its commitment to transparency and corporate governance through these timely disclosures and the swift action taken to appoint new auditors following the resignation of the previous firm.

As the company moves forward with these changes, shareholders and market observers will likely be keen to see how these developments impact Quantum Digital Vision's financial reporting and overall performance in the coming quarters.

Quantum Digital Vision (India) Limited has released its standalone unaudited financial results for the quarter ended June 30, revealing an intriguing financial scenario marked by zero revenue but significant profit growth.

Financial Highlights

• Total Income from Operations: Rs. 0.00 lakhs (unchanged from the previous year)
• Net Profit Before Tax: Rs. 2.80 lakhs (up from Rs. 0.18 lakhs, a 1455% increase)
• Net Profit After Tax: Rs. 4.33 lakhs (up from Rs. 1.35 lakhs, a 221% increase)

Unusual Profit Growth Despite Zero Revenue

In an unusual turn of events, Quantum Digital Vision has reported a substantial increase in profitability despite generating no revenue from operations. The company's total income from operations remained at Rs. 0.00 lakhs, mirroring the figure from the same quarter in the previous year.

Significant Profit Margins

Despite the absence of operational revenue, the company managed to achieve remarkable growth in its profit figures:

• The net profit before tax surged to Rs. 2.80 lakhs, marking a 1455% year-on-year increase from the previous year's Rs. 0.18 lakhs.
• Net profit after tax also saw a significant boost, rising to Rs. 4.33 lakhs from Rs. 1.35 lakhs in the previous year, representing a 221% increase.

Financial Table

The financial results present a puzzling scenario where Quantum Digital Vision has managed to significantly improve its profitability without generating any revenue from its core operations. This unusual financial performance raises questions about the sources of the company's profits and the sustainability of this model.

Investors and analysts may be keen to understand the factors contributing to this profit growth in the absence of operational revenue. It would be crucial for the company to provide clarity on the sources of its income and the strategies employed to achieve such remarkable profit figures despite the lack of sales.

As the financial world digests these unconventional results, all eyes will be on Quantum Digital Vision's future reports and any explanations the company might offer regarding its business model and financial strategies.