Outcome of the Board Meeting held on 21st August, 2025 has been attached herewith.
Awaiting price reaction for this filing.
The Board of Directors of KDJ Holidayscapes, held on August 21, 2025, accepted the resignation of M/s CSM & Co. LLP as Statutory Auditor (effective immediately, citing health reasons) — notably, this firm had not issued any audit reports for the company. In its place, the Board appointed M/s DD Shah Patel & Co (FRN: 153136W) as the new Statutory Auditor for two consecutive five-year terms covering FY 2019-20 to FY 2023-24 and FY 2024-25 to FY 2028-29, subject to shareholder approval. This change follows the conclusion of the company's Corporate Insolvency Resolution Process (CIRP) in March 2025 via an NCLT order, during which no financials were audited for several years. The appointments are designed to bring the company back into audit compliance for the full CIRP and post-CIRP period.
This is primarily a compliance-driven auditor change rather than an operational one, so there is limited direct impact on the stock price. However, getting the long-overdue statutory audits done is a necessary step for restoring financial transparency, and shareholders will need to approve the new auditor's appointment at the next general meeting.