KDJ Holidayscapes and Resorts Ltd

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.