Dynavision has received an approval for the purchase of immovable properties of 4 flats in an Apartment project named 'RADIANCE MANDARIN' each measuring 1780 Square feet in Chennai, at the cost of Rs 530.00 lakh only, exclusive of registration charges, as an investment in property, from Shuka Consultancy services, Chennai, an unrelated company as per Section 184 read with Section 188 of the Companies Act 2013, and entered into sale agreement with the above referred seller party.
The Board of Directors at their meeting held on November 18, 2019, approved the same.
Dynavision is primarily engaged in the manufacturing and distribution of television sets.
