Pursuant to Reg 30 of SEBI LODR 2015, the Board at its meeting held on June 06, 2025, has inter alia approved 1. the change in designation of Mr. Ravikumar Patel from Executive Director ....
Awaiting price reaction for this filing.
At a board meeting held on June 6, 2025, KDJ Holidayscapes and Resorts reshuffled its director designations. Mr. Ravikumar Patel and Mr. Nimeshkumar Ganpatbhai Patel both stepped down from Executive Director roles and became Non-Executive Non-Independent Directors with immediate effect. Mr. Nimeshkumar Patel was additionally named Chairperson, pending shareholder approval. Mr. Akash Parmar, who serves as the company's CFO, was elevated from Non-Executive Non-Independent Director to Executive Director, also subject to shareholder approval. The board also formally constituted three committees — Audit, Nomination & Remuneration, and Stakeholders Relationship — with independent directors chairing the Audit and Nomination committees.
This is an internal reshuffle with no directors actually leaving the board. The CFO being elevated to Executive Director suggests operational continuity, while the formation of board committees reflects compliance with listing requirements. Shareholders will need to approve the Chairperson appointment and Mr. Parmar's executive designation at the next general meeting. No material impact on stock price is expected.