**Quantum Digital Vision (India) Limited (BSE: 530281)** is an Indian public limited company currently undergoing a radical strategic pivot. Originally incorporated in **1980**, the company is transitioning from a period of operational dormancy and financial restructuring toward a diversified, multi-sector business model. This transformation involves a shift from traditional manufacturing into high-growth verticals including **Electric Vehicles (EVs)**, **Renewable Energy (EPC)**, and **Modern Hospitality**. --- ### **Corporate Structure and Capital Framework** The company’s capital structure is composed of both equity and preference shares, reflecting a complex financial history and recent efforts to expand its authorized base. | Category | Details | | :--- | :--- | | **BSE Scrip Code** | **530281** | | **Total Paid-up Capital** | **Rs. 6,99,50,000** (as of March 31, 2025) | | **Equity Share Capital** | **30,35,000 Shares** of Rs. 10/- each (**Rs. 3,03,50,000**) | | **Preference Share Capital** | **39,60,000 @ 0% Redeemable Non-Cumulative** of Rs. 10/- each (**Rs. 3,96,00,000**) | | **Authorized Capital Status** | Updated to **Rs. 25 Crores** (following **Form SH-7** rectification) | | **Registered Office** | **406, SV Road, Vile Parle West, Mumbai - 400056** (Relocated Aug 2025) | **Governance & Leadership:** The management is led by the **Dassani family**. **Mr. Himalay Pannalal Dassani** serves as the Managing Director (re-appointed for a 3-year term in Sept 2023), supported by **Pannalal Dassani (CFO)** and **Shakuntla Panna Dassani (Director)**. Oversight is provided by an Audit Committee chaired by Independent Director **Mr. Md. Saddam Hussain**. --- ### **Strategic Pivot: The Four Pillars of Growth** Following a significant amendment to its **Memorandum of Association (MoA)** in **January 2026**, the company has authorized a mandate to operate across four primary high-growth sectors: #### **1. Electric Vehicle (EV) Ecosystem & Sustainable Mobility** The company is establishing a comprehensive vertical for the **manufacturing, R&D, and distribution** of electric mobility: * **Vehicle Portfolio:** Assembly and trading of **Electric Cars, Rickshaws, Carts, Vans, Cycles, Scooters, and Buses**. * **Technology & Infrastructure:** Development of **Battery Assembly Units**, **Battery Management Systems (BMS)**, and **Powertrain architectures**. * **Charging Networks:** Establishment of public and private **EV Charging Stations** and **Battery Energy Storage Systems (BSS)**. * **Retail:** Operating a network of showrooms, franchise outlets, and service centers. #### **2. Infrastructure & Energy (EPC Contracts)** Quantum Digital Vision is positioning itself as an **Engineering, Procurement, and Construction (EPC)** provider for large-scale industrial and utility projects: * **Renewable Energy:** Development of **Solar Photovoltaic**, **Hydroelectric**, and **Thermal Power Plants**. * **Oil & Gas:** Construction of **LNG Plants**, **Regasification terminals**, and **Compressor stations**. * **Civil Infrastructure:** Development of **Sea Ports, Terminals, Water Treatment Facilities**, and **Waste Recycling Plants**. #### **3. Hospitality and Tourism Development** The company has authorized the acquisition of land and management of premium hospitality assets: * **Properties:** Development and operation of **Hotels, Holiday Resorts, Villas, Motels, and Guest Houses**. * **Services:** Professional catering, management of **restaurants and cafes**, and the manufacturing of **confectionery and food products**. #### **4. Specialized Manpower & Security Services** A service-oriented vertical focused on human resource solutions: * **Recruitment:** Placement of **skilled, semi-skilled, and un-skilled** workers globally. * **Security:** Provision of **bodyguards, security guards**, and specialized training for security personnel. * **Facility Management:** Industrial and commercial cleaning, waste disposal, and office administration. --- ### **Legacy Operations and Industrial Assets** While the company pivots to new sectors, it maintains a foundation in traditional manufacturing and media: * **Manufacturing Facility:** Located at **170/2P, Silli Village, Silvassa (Dadra & Nagar Haveli)**. * **Core Products:** Production of **Spring Leaves** and assembly of **polymer bags**. * **Media & Healthcare:** Historical engagement in **TV Serial production** and trading of **medicinal items**. --- ### **Financial Performance and Transition Status** The company is currently in a "transitional phase." As of late **2025**, it reported no active business segments but maintained that it possesses "adequate resources" to fund its new mandates. **Comparative Financial Highlights:** | Metric (Rs. in Lacs) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Net Profit/(Loss)** | **62.84** | **286.01** | **1.79** | | **Trade Receivables** | — | **2.70** | **18.40** | | **Bank Balances** | — | **27.15** | **274.53** | **Key Milestones:** * **May 2025:** Board approval for the incorporation of a **Wholly Owned Subsidiary (WOS)** to house new business activities. * **February 5, 2026:** Scheduled **Extra-Ordinary General Meeting (EGM)** to formalize growth objectives and capital deployment. --- ### **Risk Factors and Mitigation Strategies** Investors should note that the company faces significant headwinds as it attempts this turnaround: * **Going Concern & Net Worth:** Despite recent profits, the company’s **net worth remains fully eroded** due to historical losses. It operates under a **"Material Uncertainty Related to Going Concern"** status. * **Regulatory Non-Compliance:** The company is currently **suspended from the Calcutta Stock Exchange (CSE)** due to non-payment of listing fees and failure to file quarterly/annual compliances. Management intends to address these only at the time of seeking a revocation of suspension. * **Auditor Instability:** The statutory auditors, **M/s. Shah Khandelwal and Associates**, resigned in **November 2025**, citing pre-occupation. * **Capital Reporting:** There has been a history of systemic delays in filing **Form SH-7** with the MCA, leading to discrepancies between actual and reported Authorized Capital in past financial statements. * **Operational Execution:** The shift from zero operational segments to capital-intensive industries like **EV manufacturing** and **EPC contracting** introduces significant execution risk and high CAPEX requirements. **Management Response:** The Board is actively monitoring liquidity and credit risks. The pivot into **Green Energy** and **Infrastructure** is intended to leverage the company's "adequate resources" to generate sustainable cash flows and restore the net worth of the entity.