The Audit Committee and Nomination and Remuneration Committee of the company has been reconstituted with effect from April 22, 2026, pursuant to change in directorate. The re-constituted ....
Awaiting price reaction for this filing.
KDJ Holidayscapes and Resorts Ltd's board meeting on April 22, 2026 approved several significant changes. Mr. Nimeshkumar Ganpatbhai Patel resigned as Non-Executive Non-Independent Director and Chairman due to personal and professional commitments. Ms. Neha Kanwar Bhati was appointed as Additional Independent Director and joined the Audit Committee and NRC. Mr. Ravikumar Gaurishankar Patel (existing director) was appointed as the new Chairman. The company also changed its secretarial auditor from Vinay Terse & Associates to Avni & Associates. Most notably, the company proposes to change its name to 'Avenique Limited', shift its registered office from Mumbai to Ahmedabad, and completely overhaul its object clause to include agriculture, agro-processing, renewable energy, and chemicals businesses - signaling a major strategic pivot away from its original hospitality/resorts focus. Borrowing and investment limits were also authorized up to Rs. 5000 Crores.
The resignation of the Chairman and appointment of new independent directors represents significant board-level changes. More importantly, the proposed name change to 'Avenique Limited' and radical expansion of business objects from hospitality to agriculture, energy, and chemicals indicates a complete business transformation that could materially affect the company's risk profile and investment thesis. Shareholders should carefully evaluate these changes at the upcoming AGM on May 21, 2026.