KDJ Holidayscapes Reappoints Independent Directors Following AGM Delays
KDJ Holidayscapes & Resorts Limited reappointed Vinit Sinha and Heena Prajapati as Additional Independent Directors effective December 31, 2025, following automatic cessation of their previous terms due to AGM delays. The company faced corporate action restrictions preventing timely AGM completion by the extended December 31, 2025 deadline, necessitating the reappointments to maintain board continuity and governance standards.
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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:
| Director Details: | Mr. Vinit Sinha | Ms. Heena Prajapati |
|---|---|---|
| DIN: | 11238423 | 11225588 |
| Designation: | Additional Independent Director | Additional Independent Director |
| Appointment Date: | December 31, 2025 | December 31, 2025 |
| Term: | Until ensuing General Meeting | Until ensuing General Meeting |
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.
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