Un-Audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2024 has been attached herewith.
Awaiting price reaction for this filing.
KDJ Holidayscapes has filed its long-pending financial results after its resolution plan was approved by NCLT on March 4, 2025, following years under the Corporate Insolvency Resolution Process (CIRP) since September 2019. New management took over in March–April 2025 and the Implementation & Monitoring Committee approved the results on behalf of shareholders. The auditor (DD Shah Patel & Co.) issued a 'Disclaimer of Opinion' on the FY24 numbers because they could not obtain sufficient evidence on balances, assets, or transactions from before the resolution plan was approved. For FY24, standalone total income was Rs. 0 with a net loss of Rs. 14.22 lakhs, while the consolidated entity posted a net loss of Rs. 47.86 lakhs. As part of the resolution plan, all existing shares were cancelled and 25,000 new equity shares were allotted to existing public shareholders in a 1:998 ratio, with BSE listing approval still pending.
This is a near-defunct company emerging from insolvency with zero revenue, losses, a disclaimer audit opinion, and a drastic share restructuring — making it a very high-risk situation for shareholders. The stock is likely to remain illiquid and volatile until BSE grants final listing approval and the new promoter begins actual operations.