Corrigendum to the 50th Annual Report 2024-2025
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Dynavision Limited has issued a corrigendum to its 50th Annual Report for FY 2024-2025, which was originally submitted on 30th August 2025 ahead of the AGM scheduled for 23rd September 2025. Two inadvertent errors were identified and corrected. First, in the AGM Notice (Item 4 on material related party transactions with Apollo Hospital Enterprises), the wording incorrectly restricted the transaction approval to FY 2025-26; the corrected text removes this year-specific reference, leaving the scope open-ended as per the explanatory statement. Second, in the Directors' Report under consolidated performance, the phrase wrongly said net profit 'increased to Rs. 489.87 lakhs' — the corrigendum corrects it to say it 'stood at Rs. 489.87 lakhs,' since this figure is actually a decline from Rs. 645.63 lakhs in the previous year. The corrected version has been uploaded to the company's website.
This is a routine disclosure correction, not a material event. Shareholders should note that consolidated net profit actually fell by about 24% year-on-year (from Rs. 645.63 lakhs to Rs. 489.87 lakhs). The RPT wording change broadens the approved transaction scope rather than narrowing it. No action is required from shareholders, and the AGM voting process remains unchanged.