BSEKDJ Holidayscapes and Resorts LtdHighNeutral
Announced Fri, 29 Aug · 13:17 IST

Un-Audited Standalone & Consolidated Financial Reults for the quarter and Nine Months ended December 31, 2024 has been attached herewith.

Pat NegativeGoing ConcernResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

KDJ Holidayscapes filed its long-pending financial results, covering audited FY24 and unaudited Q1 and H1 FY25, approved by the Implementation & Monitoring Committee on August 26, 2025. The company underwent Corporate Insolvency Resolution Process (CIRP) since September 2019, and the NCLT approved a Resolution Plan by Mr. Ravikumar Gaurishankar Patel on March 4, 2025; a new Board took charge in April 2025 and existing shares are proposed to be cancelled with new shares allotted to public shareholders at a 1:998 ratio. On a standalone basis, the company reported zero revenue, total expenses of Rs 14.22 lakh, and a net loss of Rs 14.22 lakh for FY24 (vs Rs 10.36 lakh loss in FY23), with EPS of negative Rs 0.01. On a consolidated basis, expenses were Rs 47.86 lakh against zero revenue, leading to a net loss of Rs 47.86 lakh and EPS of negative Rs 0.04; consolidated net worth stood at Rs 789.59 lakh with negative other equity of Rs 748.99 lakh and total borrowings of about Rs 786 lakh. The statutory auditor, DD Shah Patel & Co., issued a Disclaimer of Opinion on both standalone and consolidated FY24 audited results, citing non-availability of confirmations/reconciliations across trade receivables, payables, borrowings, fixed assets, cash, and other balances, and an inability to physically verify fixed assets. A Disclaimer of Conclusion was also issued for the Q1 FY25 review.

Likely market impact

Shareholders should note that these results come from a company that emerged from CIRP, carries a disclaimer of audit opinion, and is undergoing a complete share restructuring (cancellation of old shares and fresh allotment at 1:998). Existing shareholders face extreme dilution, and the business shows no operating revenue, raising questions about the company's revival path under new management.