Appointment of Ms. Heena Prajapati and Mr. Vinit SInha as Additional Non-Executive Independent Directors of the company.
Awaiting price reaction for this filing.
KDJ Holidayscapes and Resorts Ltd held a board meeting on August 26, 2025, and approved the audited standalone and consolidated financial results for Q4/FY25 (ended March 31, 2025) and unaudited results for Q1 FY26 (ended June 30, 2025). The company reported very low total income of Rs. 1.37 lakhs and a standalone net loss of Rs. 42.22 lakhs for FY25, with a consolidated net loss of Rs. 73.69 lakhs. The board also appointed Ms. Heena Prajapati (DIN: 11225588) and Mr. Vinit Sinha (DIN: 11238423) as Additional Non-Executive Independent Directors and reconstituted the Audit, Nomination & Remuneration, and Stakeholder Relationship Committees. The filing was submitted a day late, citing unforeseen technical difficulties.
The company recently emerged from a long Corporate Insolvency Resolution Process (CIRP) with NCLT approving its resolution plan on March 4, 2025, and is now under a newly appointed board. The auditor (DD Shah Patel & Co.) issued a Disclaimer of Opinion on FY25 results due to non-availability of balance confirmations and inability to verify assets physically, which is a significant red flag. The extremely low revenue and auditor's disclaimer suggest serious operational and financial reporting concerns that shareholders should monitor closely.