The outcome of the meeting has been attached herewith.
Awaiting price reaction for this filing.
The board of KDJ Holidayscapes approved standalone and consolidated un-audited financial results for Q3 FY26 (quarter and nine months ended December 31, 2025). The company recently emerged from the Corporate Insolvency Resolution Process (CIRP) under IBC 2016, with NCLT approving the Resolution Plan on March 4, 2025, and new management taking charge. As part of the resolution, 5.46 crore old equity shares were cancelled and 25,000 new shares allotted to existing public shareholders at a ratio of 1:998, drastically reducing shareholdings. Standalone results show total income of just ₹1.37 lakhs and a net loss of ₹2.68 lakhs for the quarter (9M loss of ₹25.91 lakhs). On a consolidated basis, the net loss was ₹10.08 lakhs for the quarter (9M loss of ₹48.11 lakhs), with total assets of ₹6,633.89 lakhs and net worth of ₹512.33 lakhs. The statutory auditor (M/s DD Shah Patel & Co.) issued a 'Disclaimer of Opinion' on both standalone and consolidated results, stating they could not verify pre-Resolution Plan transactions due to non-availability of records.
Existing public shareholders have been severely diluted by the 1:998 share cancellation as part of the IBC resolution, and the company continues to post losses with negligible revenue. The auditor's disclaimer of opinion signals significant uncertainty about the financial statements, making this a high-risk situation for retail investors despite the company having technically completed its resolution process.