Un-Audited Standalone & Consolidated Financial Results for the quarter and half year ended September 30, 2024 has been attached herewith.
Awaiting price reaction for this filing.
KDJ Holidayscapes filed its long-pending financial results after exiting the Corporate Insolvency Resolution Process (CIRP); NCLT approved the resolution plan submitted by Mr. Ravikumar Gaurishankar Patel on March 4, 2025, and management was handed over to the resolution applicant in March/April 2025. The company is a non-Banking Financial Company (hotel/resort business) that has effectively shown zero revenue from operations in FY24 — standalone total income and consolidated total income were both nil. Standalone reported a net loss of Rs 14.22 lakh on total expenses of Rs 14.22 lakh, while the consolidated entity posted a net loss of Rs 47.86 lakh on total expenses of Rs 47.86 lakh. Total assets stood at Rs 2,877 lakh standalone and Rs 7,174 lakh consolidated, with consolidated other equity turning negative (-Rs 749 lakh). The statutory auditor (DD Shah Patel & Co.) issued a Disclaimer of Opinion for both standalone and consolidated FY24 results, citing inability to verify receivables, payables, borrowings, fixed assets, bank balances and other items, as records from the pre-CIRP period were unavailable. Existing shares (5.46 crore) were cancelled and 25,000 new equity shares were allotted to existing public shareholders in a 1:998 ratio, pending BSE listing approval.
Existing public shareholders have been effectively wiped out via the 1:998 reverse split/cancellation — public holding shrunk from ~5.46 crore shares to just 25,000 shares, representing near-total dilution of pre-resolution-plan investors. Combined with a Disclaimer of Opinion, zero revenue and continued losses, the stock remains highly risky despite the successful resolution plan approval.