The Audited (Standalone & Consolidated) Financial Results for the quarter and year ended March 31, 2026 has been attached herewith.
Awaiting price reaction for this filing.
KDJ Holidayscapes and Resorts Ltd has filed its FY2025-26 results with a critical disclaimer from auditors M/s DD Shah Patel & Co. The auditors were unable to express an opinion on the financial statements due to non-availability of supporting documentation for Non-Current Investments of Rs. 892.96 Lakhs and Deferred Tax Assets of Rs. 52.09 Lakhs (standalone). The company emerged from NCLT insolvency proceedings in March 2025, and the audit is restricted to the post-resolution plan period. Standalone net loss improved to Rs. 35.10 Lakhs from Rs. 42.22 Lakhs, while consolidated net loss reduced to Rs. 64.69 Lakhs from Rs. 73.69 Lakhs. Revenue remains minimal at Rs. 1.37 Lakhs. Consolidated Other Equity stands at negative Rs. 887.87 Lakhs, indicating severe capital erosion. Cash position deteriorated with consolidated cash at negative Rs. 12.63 Lakhs.
The disclaimer of opinion, negative equity, and inability to verify major assets represent significant red flags. Investors should exercise extreme caution as the financial statements lack audit validation, and the company continues to incur losses post-restructuring.