The Notice of 32nd Annual General Meeting of the company for FY 2025-26 will be held on Thursday, May 21, 2026. The detailed Notice has been attached herewith.
Awaiting price reaction for this filing.
KDJ Holidayscapes & Resorts Limited has called its 32nd AGM on May 21, 2026 via video conferencing. The meeting covers adoption of FY 2024-25 financial statements and re-appointment of Mr. Akash Parmar as director. Key special business includes appointment of 3 new Independent Directors (Ms. Heena Prajapati, Mr. Vinit Sinha, Ms. Neha Bhati) and a new Managing Director (Mr. Hemantbhai Raval). The company proposes a major rebranding from 'KDJ Holidayscapes & Resorts Limited' to 'Avenique Limited' and relocation of registered office from Maharashtra to Gujarat. Most significantly, the company seeks shareholder approval to fundamentally expand its object clause to include agriculture, agro-processing, renewable energy, and chemicals manufacturing—representing a major business diversification beyond hospitality. The company also seeks approval to increase borrowing limits to ₹5,000 crore and allow director loans up to ₹100 crore with equity conversion option.
This AGM proposes transformative changes: the name change to 'Avenique Limited' signals a strategic rebranding, while the expansion of business objects to agriculture, renewable energy, and chemicals indicates a major diversification away from the hospitality sector. The massive borrowing limit increase to ₹5,000 crore and director loan with equity conversion option suggest significant fundraising or acquisition plans may be underway.