The outcome of the meeting of the board of directors have been attached herewith.
Awaiting price reaction for this filing.
KDJ Holidayscapes' board approved both standalone and consolidated audited financial results for Q4 and FY ended March 31, 2025, along with unaudited results for Q1FY26 (quarter ended June 30, 2025). The company reported a standalone net loss of Rs 42.22 lakhs for FY25 (worse than Rs 14.21 lakhs loss in FY24) and a consolidated net loss of Rs 73.69 lakhs (vs Rs 47.86 lakhs). The auditor issued a Disclaimer of Opinion due to insufficient evidence, citing non-availability of confirmations/reconciliations across receivables, payables, borrowings, and fixed assets. The board also appointed two additional non-executive independent directors - Ms. Heena Prajapati and Mr. Vinit Sinha - and reconstituted the Audit, Nomination & Remuneration, and Stakeholder Relationship committees. The filing was made a day late (August 27 instead of within 24 hours), with the company citing technical difficulties.
Shareholders should note the disclaimer of opinion from auditors signals serious concerns about financial record-keeping, likely linked to the company's recent exit from CIRP. The wider losses and asset write-offs (Rs 1,932 lakhs in assets, Rs 1,920 lakhs in liabilities) per NCLT order reflect the resolution plan's aftermath. The board reconstitution and new director appointments suggest a fresh start under new management, but the stock (BSE: 530701) remains a high-risk micro-cap.