The revised Annual Report for the Financial Year 2024-25 has been attached herewith.
Awaiting price reaction for this filing.
KDJ Holidayscapes and Resorts Ltd has filed a revised 32nd Annual Report for FY 2024-25, correcting an omission where the Statutory Auditor certificate under SEBI Regulation 45 was not included in the original filing dated April 23, 2026. The annual report reveals major proposed changes: the company plans to change its name from KDJ Holidayscapes & Resorts Limited to Avenique Limited, shift its registered office from Maharashtra to Gujarat, and completely overhaul its object clause to diversify into agriculture, agro-processing, renewable energy, and chemicals manufacturing. The company is also seeking shareholder approval for borrowing limits up to ₹5,000 crore and director loans up to ₹100 crore with equity conversion option. Significant board changes include new appointments of Managing Director and multiple Independent Directors.
This filing signals a complete business transformation from a hospitality company to a diversified conglomerate. Shareholders should carefully evaluate the proposed name change, registered office relocation, and massive business diversification into unrelated sectors like agriculture, energy, and chemicals. The ₹5,000 crore borrowing limit request is unusually large relative to typical small-cap companies.