KDJ Holidayscapes & Resorts Limited has issued an official notice for its 32nd Annual General Meeting scheduled for May 21, 2026, at 11:00 a.m. through video conferencing. The company, which recently emerged from Corporate Insolvency Resolution Process, has proposed several significant resolutions including a name change to Avenique Limited and registered office relocation from Maharashtra to Gujarat.

AGM Details and Key Resolutions

The Annual General Meeting will address both ordinary and special business items. The ordinary business includes adoption of audited financial statements for the year ended March 31, 2025, and re-appointment of Mr. Akash Parmar (DIN: 10130430) as Director who retires by rotation.

Director Appointments and Corporate Changes

The company seeks shareholder approval for multiple director appointments. Ms. Heena Prajapati (DIN: 11225588) and Mr. Vinit Narendrakumar Sinha (DIN: 11238423), who were appointed as Additional Directors on August 26, 2025, require confirmation as Independent Directors for five-year terms. Additionally, Ms. Neha Kanwar Bhati (DIN: 11671812) was appointed as Additional Director on April 22, 2026, and also seeks confirmation as Independent Director.

Mr. Hemantbhai Khodidasbhai Raval (DIN: 10146164) has been proposed for appointment as Managing Director for a five-year term from April 18, 2025, to April 17, 2030. The company also plans to appoint M/s. Avni & Associates as Secretarial Auditors for five financial years from 2025-26 to 2029-30.

Financial Performance and CIRP Background

For the financial year ended March 31, 2025, the company reported nil revenue from operations with a net loss of ₹42.22 lakh on standalone basis and ₹73.69 lakh on consolidated basis. The company was undergoing Corporate Insolvency Resolution Process initiated on September 23, 2019, which concluded with NCLT approval of the resolution plan on March 4, 2025.

Object Clause Amendment and Strategic Direction

The company proposes comprehensive changes to its object clause to enable pursuit of new business opportunities in agriculture, food processing, renewable energy, and chemical sectors. The proposed alteration reflects the company's strategic shift from its traditional hospitality business model to diversified operations across multiple sectors.

E-Voting and Participation Details

Shareholders can participate in remote e-voting from May 18, 2026, at 9:00 a.m. to May 20, 2026, at 5:00 p.m. The company has appointed M/s. Dharti Patel & Associates as scrutinizer for the e-voting process. The Register of Members will remain closed from May 15, 2026, to May 21, 2026.

The AGM notice is available on the company's website at https://avenique.co.in/investors/shareholders-meeting and has been sent electronically to shareholders whose email addresses are registered with the company.

Source: None/Company/INE089E01025/a68994ee-5921-4e7a-9e33-482bef9504ae.pdf

KDJ Holidayscapes & Resorts Limited has formally notified the Bombay Stock Exchange regarding its status under SEBI's Large Corporate framework for debt securities issuance. The company confirmed that it does not qualify as a "Large Corporate" as on March 31, 2026, according to the applicability criteria outlined in relevant SEBI regulations.

Regulatory Compliance Framework

The disclosure was made in reference to SEBI circular no. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. These regulations establish the framework for fundraising through debt securities issuance by large corporate entities and mandate specific disclosure requirements.

Company Financial Position

As part of the mandatory disclosure format, KDJ Holidayscapes & Resorts Limited provided key financial details regarding its borrowing status:

Corporate Information

The company operates under CIN L74900MH1993PLC071710 with its registered office located in Mumbai, Maharashtra, and corporate office in Ahmedabad, Gujarat. The disclosure was signed by Company Secretary & Compliance Officer Himanshu Zinzuwadia and Chief Financial Officer Akash Parmar.

Regulatory Significance

The confirmation ensures compliance with SEBI's transparency requirements for corporate borrowing and debt securities framework. Companies falling under the Large Corporate category face specific obligations regarding fundraising through debt securities, making this status determination crucial for regulatory compliance and operational planning.