M/s DD Shah Patel & Co. has been appointed for a term of 5 years from FY 2019-20 and FY 2023-24 subject to approval of the shareholders. The details of the same has been attached herewith.
Awaiting price reaction for this filing.
On August 21, 2025, KDJ Holidayscapes informed the BSE that its recently appointed Statutory Auditor, M/s CSM & Co. LLP (appointed only on June 7, 2025), resigned with immediate effect citing health reasons. No audit or limited review report had been issued during their short tenure. The Board has appointed M/s DD Shah Patel & Co (FRN: 153136W) as the new Statutory Auditor for two consecutive five-year terms: FY 2019-20 to FY 2023-24 and FY 2024-25 to FY 2028-29, subject to shareholder approval. The clarification letter reveals the company recently exited Corporate Insolvency Resolution Process (CIRP) via an NCLT order dated March 4, 2025, during which its financials for FY 2019-20 to FY 2024-25 were never audited. The auditor change is part of catching up on these pending statutory audits.
Short-term negative optics from a quick auditor change, though the resignation was due to health reasons rather than any dispute. Investors should watch for the delayed audited financial results, as catching up on six years of audits will be critical for restoring transparency after the insolvency resolution process.