The Revised Unaudited Standalone & Consolidated Financial Results for the quarter and nine months ended December 31, 2024 has been attached herewith as the period in the Limited Review ....
Awaiting price reaction for this filing.
KDJ Holidayscapes has re-filed its unaudited Q3 and nine-months-ended December 31, 2024 results solely to correct a typographical error in the period date (was wrongly shown as September 30, 2024). The company underwent Corporate Insolvency Resolution Process (CIRP) under IBC, 2016, with NCLT admitting TJSB Sahakari Bank's petition in September 2019. A Resolution Plan by Mr. Ravikumar Gaurishankar Patel was approved unanimously, new management took over by March–April 2025, and the new Board was appointed. The auditor (DD Shah Patel & Co.) issued a Disclaimer of Conclusion on both standalone and consolidated results, as pre-CIRP records were unavailable. Standalone results show near-zero revenue (₹0.00 lakh) and a tiny net loss of ₹0.01 lakh for the quarter; consolidated results show a loss of ₹7.88 lakh for Q3 and ₹25.28 lakh for nine months, with consolidated net worth of ₹766.06 lakh.
This is a high-risk situation for shareholders. The auditor has disclaimed conclusion, meaning the financial statements cannot be relied upon, and the underlying business shows virtually no revenue-generating operations. The revised filing itself does not change substance, but it confirms the company is effectively a shell emerging from a long insolvency process, making valuation and risk assessment extremely difficult for retail investors.