Dynavision Ltd to foray into Solar EPC business

A meeting of the Board of Directors of Dynavision Ltd is scheduled to be held on Wednesday, the 12th October, 2022 at the Registered Office of the Company, to consider the offer / invitation by our Subsidiary, M/s. Dynavision Green Solutions Limited (DGSL) for subscription of Equity upto Rs. 9 crores.

The board will consider entering into Solar EPC business and entering into contracts with DGSL as EPC contractors for Aruppukottai Solar Power Project 6MW at the Cost of Rs 31,79,99,657/- exclusive of Taxes and Duty.

The board will consider entering into Sub-contracts for the above on back to back basis with cost not exceeding the cost awarded by the subsidiary.

The board will consider proposal to appoint Mr. Sudheer Reddy as Additional Director (Executive Director), representative of the Subsidiary Company and consider the appointment of Company Secretary of the Holding Company to act as the Company Secretary of the Subsidiary.

The board will also consider the appointment of Chief Financial Officer of the Holding Company to act as the Chief Financial Officer of the Subsidiary.

Source : Equity Bulls

Keywords

Dynavision DynavisionGreenSolutions Investment SolarEPCBusiness SolarPowerProject