The company has received the approval of Listing of 5,00,000 equity shares of Rs. 2/- each Resolution Plan approved by Hon''ble NCLT, Mumbai Bench vide order dated March 04, 2025. The approval ....
Awaiting price reaction for this filing.
KDJ Holidayscapes and Resorts has received BSE listing approval for 5,00,000 equity shares of Rs. 2 each (total face value Rs. 10 lakh) issued under a Resolution Plan approved by the NCLT Mumbai Bench on March 4, 2025. Of these, 25,000 shares were issued through a reduction of capital, while 4,75,000 shares were allotted on a preferential basis to the Successful Resolution Applicant (SRA) and its group of promoters. The company is now executing the corporate action with NSDL and CDSL and will shortly apply for trading approval. The company's ISIN (INE089E01025) and BSE scrip code (530701) remain the same.
This signals the formal listing of shares issued under the company's insolvency resolution plan, meaning the SRA and its promoters are now shareholders and the stock may see fresh supply once trading approval is granted. Shareholders should expect potential dilution and watch for the trading approval and any further disclosures from the new management.