KDJ Holidayscapes and Resorts Ltd

Avenique Ltd trading window closed from October 01, 2026 till the 48 hours after the declaration of the Financial Results of the Company for the quarter and half year ended on September 30, 2026.

AGM outcomes

• AGM held on 10 August 2026 via video conferencing with remote e-voting.
• Record date for voting: 3 August 2026.
• Shareholders on record: 328; attendees via video conferencing: 11.
• Resolutions passed: 7; all approved by requisite majority.

AGM Details

• Date and time: 10 August 2026 at 11:00 IST
• Mode: VC/OAVM
• Record date: 10 August 2026
• Shareholders on record: 328
• Meeting held via videoconference/other audiovisual means

Key Resolutions

• Resolution 1 (Ordinary): Adoption of financial statements
• Resolution 2 (Ordinary): Re-appointment of Ravikumar Patel as Director (retiring by rotation)
• Resolution 3 (Ordinary): Appointment of Statutory Auditors for 5-year term
• Resolution 4 (Special): Alteration of Object Clause of MOA
• Resolution 5 (Special): Alteration of AoA removing Common Seal
• Resolution 6 (Special): Appointment of Ravikumar Patel as Managing Director
• Resolution 7 (Special): Appointment of Purvikkumar Bhagvanbhai Patel as Executive Director

Business Update

• Shifted main object from hospitality to trading/processing of agricultural commodities
• Revenue from new operations started in Q1 of the current financial year

Voting & Results

• Remote e-voting window: 07-09 August 2026
• Voting results to be submitted to Stock Exchange with Scrutinizer’s Report

Meeting Details

• Board meeting scheduled for July 22, 2026; time and venue not disclosed.

Key Agenda Items

• To approve and record unaudited standalone and consolidated financial results for quarter ended June 30, 2026.
• To consider any other matter with the chair's permission.

Other Notes

• Trading window closure began July 1, 2026, ending 48 hours after the unaudited results declaration.
• Company identified as AVENIQUE Limited, formerly KDJ Holidayscapes and Resorts Limited.

Financial highlights

• Standalone revenue from operations: nil; Consolidated revenue from operations: nil.
• Total revenue stands at 0 (standalone) and 1.37 Lakh (consolidated).
• Net loss: standalone Rs 35.10 Lakh; consolidated Rs 64.69 Lakh.
• EPS (basic/diluted): standalone -7.02; consolidated -12.94.
• Dividend for the year: not proposed.
• Auditors issued disclaimer on standalone and consolidated due to CIRP-era data gaps.
• Cash and cash equivalents: Rs 2.30 Lakh at year-end (standalone).
• Authorized capital Rs 16 crore; issued capital Rs 10 Lakh.
• No debt securities issued; credit rating not applicable.

CIRP revival & governance

• CIRP order dated 4 March 2025 revived the company.
• New board appointed 28 March 2025; governance transitioned by 18 April 2025.
• Name changed to AVENIQUE Limited; ROC certificate dated 10 July 2026.
• Altered MOA objects to renewable energy and clean fuels; ROC certificate dated 22 June 2026.
• Listing approval from BSE on 20 Jan 2026; trading approval awaited.
• Ravikumar Patel appointed Managing Director from 15 July 2026; Purvikkumar Patel appointed Exec Director & CFO from 15 July 2026.
• Shareholders approved name change and MOA amendments at May 21, 2026 AGM; ROC confirmations dated 2026.

Capital structure & shareholding

• Authorized capital Rs 16 crore; 8,00,00,000 equity shares.

• Post-resolution: 25,000 public; 4,75,000 promoter; paid-up capital Rs 10 Lakh.

• Promoter/promoter group holding ~95%; public ~5%.

• Trading suspended due to penalties; revocation application filed.

• No debt instruments issued; no fresh fundraising planned.

• NCLT-approved capital reduction and promoter allotment; listing approval granted January 2026.

• Subsidiaries: KDJ Hospitality Private Limited (100%); KDJ Hospitals Limited (51%).

• Form AOC-1 filed; reflects subsidiary ownerships and balances.

• FY2025-26 consolidated revenue was nil; subsidiaries reported losses.

• Consolidated figures affected by CIRP-era data; auditors relied on Resolution Professional data.

Audit & governance flags

• Statutory audit by DD Shah Patel & Co.; resultant reports carry disclaimer on data gaps.
• Secretarial audit initially by Avni & Associates; later appointment adjusted as per AGM approvals.
• Audit Committee, NRC, and SRC formed on 6 June 2025; independent director meeting on 5 Feb 2026.
• No material fraud reported; no penalties under SEBI LODR.
• Remuneration to directors comprises sitting fees; no major related-party payments.
• Familiarisation programs for independent directors; governance policies available on company site.

Strategy & risks

• Outlook: gradual revival of hospitality operations and diversification into agriculture/energy.
• Opportunities include partnerships, strategic collaborations, and renewable energy ventures.
• Risks include delays in recommencement, funding requirements, regulatory changes, and market uncertainty.
• Management emphasizes strengthening governance, internal controls, and prudent financial management.

AGM & investor information

• AGM scheduled for 10 Aug 2026, 11:00 AM via VC/OAVM.
• Notice and annual report available on company site; remote e-voting details provided.
• Register of Members closed 4–10 Aug 2026.
• RTA: Bigshare Services Pvt Ltd; investor helplines and e-voting portals described.

AGM Details

• AGM scheduled for 10 August 2026 at 11:00 IST via VC/OAVM.
• Register of Members closed from 4 to 10 August 2026 (inclusive).
• Notice and Explanatory Statement circulated; available on company website.

Ordinary Business

• Adoption of standalone financial statements for the year ended 31 March 2026.
• Adoption of consolidated financial statements for the year ended 31 March 2026.
• Re-appointment of Ravikumar Patel as Director retiring by rotation.
• Appointment of M/s J. M. Patel & Bros. as statutory auditors for five years.

Special Business

• Alter MOA main objects to include renewable energy and related activities.
• Alter Articles to remove Common Seal provisions.
• Appoint Ravikumar Patel as Managing Director for 3 years.
• Term: 15 July 2026 to 14 July 2029.
• Remuneration for MD to be decided by the Board; last drawn NIL.
• Appoint Purvikkumar Bhagvanbhai Patel as Executive Director.
• Remuneration for Executive Director to be decided by the Board.

Appointments/Resignations

• Resignation of Statutory Auditor DD Shah Patel & Co. effective 14 July 2026.
• Appointment of M/s. J M Patel & Bros. as Statutory Auditor in casual vacancy up to ensuing AGM.
• Resignation of Akash Parmar from Director and Chief Financial Officer, effective 15 July 2026.
• Ravikumar Patel appointed Managing Director; changed from Non-Executive Director, 3-year term starting 15 July 2026, subject to AGM.
• Purvikkumar Bhagvanbhai Patel appointed Executive Director from 15 July 2026, subject to AGM approval.
• Purvikkumar Bhagvanbhai Patel appointed Chief Financial Officer from 15 July 2026.
• Hemantbhai Khodidasbhai Raval resigned as Managing Director, effective 15 July 2026.

Corporate Actions & MOA/AoA changes

• MOA object clause amended to include CBG, Bio-CNG, Bio-LNG, hydrogen, renewable fuels.
• Articles of Association to remove common seal provisions, subject to approval.

AGM/Shareholder Meeting

• 33rd AGM scheduled for August 10, 2026; e-voting to proceed; Scrutinizer appointed.

Dematerialisation status

• Securities received for dematerialisation during the period were confirmed (accepted/rejected) to the depositories.
• Securities dematerialised have been listed on the stock exchange where the earlier issued securities are listed.
• Physical certificates dematerialised were mutilated and cancelled; depository name substituted as registered owner within 15 days.