Pursuant to Regulation 30 of SEBI LODR, 2015, we hereby inform you that the Board of Directors at their meeting held on Friday, June 06, 2025, has inter alia approved 1. Change in Designation ....
Awaiting price reaction for this filing.
KDJ Holidayscapes and Resorts informed BSE about key decisions taken at its board meeting held on June 06, 2025. Two existing Executive Directors — Mr. Ravikumar Patel and Mr. Nimeshkumar Ganpatbhai Patel — were redesignated as Non-Executive Non-Independent Directors with immediate effect. Mr. Nimeshkumar Patel was also appointed as Chairperson, subject to shareholder approval. Mr. Akash Parmar, currently the CFO, was redesignated from Non-Executive to Executive Director, also subject to member approval. The board also constituted three mandatory committees — Audit, Nomination & Remuneration, and Stakeholders Relationship — each chaired by Independent Director Mr. Nandish Shaileshbhai Jani.
These are internal board reshuffles rather than new appointments or exits, so shareholder impact is minimal. However, the shift of operational responsibilities from the Patel directors to Mr. Akash Parmar (as Executive Director and CFO) signals a change in day-to-day management leadership. Investors should watch for shareholder approval results and any subsequent strategic announcements.