KDJ Holidayscapes & Resorts Limited has secured a significant milestone in its corporate restructuring journey, receiving listing approval from BSE Limited for 5,00,000 equity shares valued at ₹2.00 each. The approval, granted on January 20, 2026, marks a crucial step in the company's revival under the Insolvency and Bankruptcy Code framework.

NCLT Resolution Plan Implementation

The listing approval stems from a resolution plan approved by the Hon'ble NCLT Mumbai Bench through an order dated March 4, 2025. This comprehensive restructuring has enabled the company to move forward with its business operations under new ownership and management structure.

The share allotment structure reflects the resolution plan's implementation:

BSE Approval Process

BSE Limited granted the listing approval through letter reference DCS/AMAL/TL/R37-IBC/4018/2025-26 dated January 20, 2026. The exchange acknowledged the company's application for listing securities pursuant to the NCLT-approved resolution plan and provided formal consent for the 5,00,000 equity shares.

The approval specifically covers both components of the share allotment - the 25,000 shares resulting from capital reduction and the substantial 4,75,000 shares allocated to the Successful Resolution Applicant (SRA) and the SRA's group of promoters on a preferential basis.

Next Steps and Trading Approval

KDJ Holidayscapes & Resorts Limited is currently executing corporate actions with both NSDL and CDSL depositories to facilitate the seamless integration of the newly listed shares. The company has indicated it will apply for trading approval from BSE shortly, which will enable active trading of these securities.

BSE has outlined specific documentation requirements for the trading approval process, including:

• ISIN activation letters from depositories
• Auditor's certificate for book value determination
• Confirmation letters from CDSL and NSDL regarding share crediting
• Lock-in confirmation as per SEBI regulations
• Updated shareholding patterns in both PDF and XBRL formats

Corporate Structure and Compliance

The company operates with its registered office in Mumbai, Maharashtra, and corporate office in Ahmedabad, Gujarat. With CIN number L74900MH1993PLC071710, KDJ Holidayscapes & Resorts Limited trades under the BSE symbol KDJHRL with ISIN INE089E01025.

This listing approval represents a significant step in the company's post-insolvency revival, providing the foundation for renewed market participation and business growth under the restructured ownership framework established through the NCLT resolution process.

KDJ Holidayscapes & Resorts Limited has reappointed two key independent directors following the automatic cessation of their previous terms due to delays in conducting the company's Annual General Meeting (AGM). The board approved the reappointments during a meeting held on December 31, 2025, addressing a compliance gap that arose from exceptional circumstances.

Board Reappointments and Committee Roles

The company has reappointed both directors to maintain board continuity and governance standards:

Committee Responsibilities:

• Mr. Vinit Sinha: Member of Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee
• Ms. Heena Prajapati: Chairman of Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee

AGM Delays and Compliance Challenges

The reappointments became necessary after the directors' previous terms ceased automatically when the company could not hold its AGM by the extended deadline of December 31, 2025. The company faced corporate action restrictions that created practical and procedural constraints in completing AGM-related compliances.

Under the Companies Act, 2013, Additional Directors' tenure is valid only until the ensuing AGM. Without the AGM, the proposal for regularizing these Additional Directors as Independent Directors could not be presented to shareholders, resulting in automatic cessation of their terms.

Director Profiles and Qualifications

Mr. Vinit Sinha brings over four years of experience in corporate and legal advisory services as a practicing Company Secretary and Law Graduate (LLB). His expertise encompasses the Companies Act, 2013, SEBI regulations, and allied corporate laws, with experience managing compliance for private, public, and listed companies.

Ms. Heena Prajapati is an Associate Member of the Institute of Company Secretaries of India (ICSI), bringing expertise in corporate laws, governance, and regulatory compliance. Her qualifications include in-depth knowledge of the Companies Act, SEBI Regulations, FEMA, and various corporate and commercial laws.

Compliance Disclosure and Regulatory Adherence

The company acknowledged that the cessation and reappointment should have been intimated to the stock exchange within 24 hours under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay was attributed to exceptional circumstances and procedural oversight in correlating cessation timelines with disclosure requirements.

KDJ Holidayscapes emphasized that the delay was unintentional and procedural, with no intention to suppress material information. The company has made the necessary disclosures promptly upon identifying the lapse and remains committed to full compliance with applicable SEBI regulations. Both directors are confirmed as not being debarred from holding directorial positions by any SEBI order or regulatory authority.