Pursuant to Regulation 30 read with Regulation 42 of SEBI (LODR) Regulations, 2015, in the BM held on 18th April, 2025, the Board has fixed 30th April, 2025 as the record date for ascertaining ....
Awaiting price reaction for this filing.
KDJ Holidayscapes and Resorts has fixed 30th April 2025 as the record date to determine shareholders eligible for its capital restructuring, as ordered by the NCLT Mumbai Bench on 4th March 2025. The company will cancel all 5,46,56,000 existing equity shares of Rs. 2 each and replace them with a new, much smaller capital of 5,00,000 equity shares of Rs. 2 each. Public shareholders, who collectively hold 2,49,69,000 shares, will receive only 25,000 new shares in proportion to their existing holdings — roughly a 99% reduction in their share count. The successful resolution applicant will be allotted 4,75,000 new shares, meaning the new owner/promoter will control 95% of the restructured company. No cash will be paid for fractional shares.
Existing public shareholders will see a massive dilution of their stake — their collective holding shrinks from about 45.7% of the old share base to roughly 5% of the new capital. This is a near-total wipeout of public equity value, typical of an IBC resolution plan, and the stock is likely to trade very differently post-restructuring. Investors should expect extreme volatility around the record date and restructuring.