TV VISION Notes to Accounts

1. Scheme of Arrangement

The Hon''''ble High Court of Bombay has, on21st November, 2015, approved the Composite Scheme of Amalgamation and Arrangement between Maiboli Broadcasting Private Limited (MBPL'''') and Sri Adhikari Brothers Assets Holding Private Limited (''''SAB Assets'''') and Sri Adhikari Brothers Television Network Limited (''''SABTNL'''') and TV Vision Limited (''''TVL'''' or ''''the Company'''') and HHP Broadcasting Services Private Limited (''''HHP'''') and MPCR Broadcasting Service Private Limited (''''MPCR'''') and UBJ Broadcasting Private Limited (''''UBJ'''') and SAB Events & Governance Now Media Limited (Formerly known as ''''Marvick Entertainment Private Limited'''') (''''SAB Events'''') and their respective shareholders (''''Composite Scheme'''') which became effective from 15th January, 2016 on filing of order with ROC. The salient features of the Scheme affecting the Company are as follows:

1 Demerger of Broadcasting business of SABTNL into the Company w.e.f. 15th January 2016;

2 Demerger of Broadcasting business of UBJ, HHP and MPCR into the company w.e.f. 15th January 2016; and Further ,pursuant to Scheme the existing share capital of the Company held by SABTNL has been cancelled and new equity shares of the Company was issued to the existing shareholders of the SABTNL as on record date 23rd March 2016 in the ratio of 1 share of TVL against 1 share of SABTNL

3 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

Company has not received any confirmation from its vendors that whether they are covered under the Micro, Small and Medium Enterprises Development Act, 2006, hence the amounts unpaid at the yearend together with interest paid / payable under this Act cannot be identified.

4 Previous Year Figures

The previous year figures have been regrouped/reclassified wherever considered necessary to correspond with current year classification/disclosure. The previous year figures are not comparable since the performance of broadcasting business takeover from various companies were not included in the previous year figures.

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.

Disclaimer: There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

Disclosure: We, Dynamic Equities Private Limited are also engaged in Proprietory Trading apart from Client Business. In case of any complaints/grievances, clients may write to us at

  • Download our Mobile App
  • Available on Google Play
  • Available on App Store
  • RSS