The proceedings of the 32nd Annual General Meeting held on Thursday, May 21, 2026 has been attached herewith.
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KDJ Holidayscapes held its 32nd AGM on May 21, 2026 via video conferencing, covering FY2025 (ended March 31, 2025). The meeting addressed that the company came out of Corporate Insolvency Resolution Process (CIRP) under IBC, 2016, with auditor qualifications attributed to the CIRP period. Key business included adoption of audited financial statements, re-appointment of Executive Director Mr. Akash Parmar, and appointment of 3 new Independent Directors (Heena Prajapati, Vinit Sinha, Neha Kanwar Bhati). Significant special resolutions were passed including change in company name, shifting registered office from Maharashtra to Gujarat, change in object clause, adoption of new MoA, and enhancement of borrowing limits. A notable resolution allows borrowing up to Rs. 100 crores unsecured loan from a Director with option to convert into equity shares.
The company is undergoing significant post-insolvency restructuring with name change, relocation to Gujarat, and expanded borrowing powers. The director loan with equity conversion option (up to Rs. 100 crores) could dilute existing shareholders if converted. New independent director appointments strengthen corporate governance post-CIRP.