The outcome of the Board Meeting held on Wednesday, April 22, 2026, is as follows: The Board noted the resignation of M/s. Vinay Terse & Associates as Secretarial Auditor and approved the ....
Awaiting price reaction for this filing.
KDJ Holidayscapes board meeting on April 22, 2026 approved multiple significant changes. Mr. Nimeshkumar Patel resigned as Chairman and Non-Executive Non-Independent Director citing personal commitments. Ms. Neha Kanwar Bhati was appointed as Additional Independent Director and joins Audit and NRC committees. Mr. Ravikumar Patel (existing Director) appointed as new Chairman. Secretarial auditor changed from Vinay Terse & Associates to Avni & Associates. The company also approved changing its name from KDJ Holidayscapes & Resorts Limited to Avenique Limited and relocating registered office from Mumbai to Ahmedabad, Gujarat. The Object Clause of MOA was substantially amended to expand business activities beyond hospitality to include agriculture, agro-processing, renewable energy, and chemicals. Borrowing and investment limits authorized up to Rs. 5,000 Crores each. The 32nd AGM is scheduled for May 21, 2026.
This is a major corporate overhaul with leadership changes, business model diversification from hospitality to agriculture/energy/chemicals, and name change to Avenique Limited. The resignation of the Chairman and appointment of new independent directors signals potential governance changes. Shareholders face multiple resolutions at the upcoming AGM including name change, MOA adoption, and expanded borrowing powers.