M/s DD Shah Patel & Co. has been reappointed for a second term of 5 years starting from FY 2024-25 to FY 2028-29 subject to approval of the shareholders. The details of reappointment has ....
Awaiting price reaction for this filing.
KDJ Holidayscapes and Resorts Ltd announced that its statutory auditor M/s. CSM & Co. LLP resigned with immediate effect on August 21, 2025, citing health reasons. CSM & Co. LLP had been appointed only on June 7, 2025, and had not issued any audit report during its short tenure. The Board has appointed M/s. DD Shah Patel & Co. (FRN: 153136W) as the new statutory auditor for two consecutive 5-year terms — FY 2019-20 to FY 2023-24 and FY 2024-25 to FY 2028-29, subject to shareholder approval. Contextually, the company recently emerged from the Corporate Insolvency Resolution Process (CIRP) via an NCLT order dated March 4, 2025, and its financial statements for FY 2019-20 to FY 2024-25 remained unaudited during the CIRP period.
The auditor change is administrative and not value-impacting in itself, but investors should note the company is catching up on years of pending audits after CIRP, which means upcoming financial disclosures may carry some uncertainty. Short stock-price reaction is likely muted.