The 32nd Annual Report of the company for FY 2024-25 has been attached herewith.
Awaiting price reaction for this filing.
KDJ Holidayscapes & Resorts Ltd has submitted its 32nd Annual Report for FY 2024-25. The company is calling an AGM on 21st May 2026 to seek shareholder approval for several major changes: renaming the company to 'Avenique Limited', shifting its registered office from Maharashtra to Gujarat, and completely overhauling its business objects to enter agriculture, agro-processing, renewable energy (solar, wind, hydro), and chemicals manufacturing. The company also proposes a massive increase in borrowing and investment limits to Rs 5,000 crore. New leadership includes Mr. Hemantbhai Raval as Managing Director (appointed April 2025) and three new Independent Directors. Director Mr. Akash Parmar is also appointed as CFO.
This filing signals a major strategic transformation. The name change, relocation, and expansion of business objects indicate the company is pivoting away from its holiday resorts focus toward agriculture, energy, and chemicals sectors. The Rs 5,000 crore borrowing limit approval suggests significant future fundraising or investment plans. Shareholders should carefully evaluate the resolutions at the AGM.