
KDJ Holidayscapes Management & Auditor Shake-up
KDJ Holidayscapes and Resorts Ltd announced significant changes following a board meeting on July 15, 2026. The Stakeholders Relationship Committee was reconstituted due to a change in management. Key developments include the resignation of statutory auditors M/s. DD Shah Patel & Co. and the appointment of M/s. J M Patel & Bros. as new statutory auditors for a term of five financial years, subject to shareholder approval. The company also noted the resignations of Managing Director Mr. Hemantbhai Khodidasbhai Raval and Director & CFO Mr. Akash Parmar. Mr. Ravikumar Patel has been appointed as the new Managing Director, and Mr. Purvikkumar Bhagvanbhai Patel as Executive Director. Additionally, alterations to the company's Objects and Articles of Association were approved, pending shareholder consent.
Key Highlights
- Management and auditor changes implemented effective July 15, 2026.
- New statutory auditors appointed for a five-year term.
- Resignations of MD and CFO accepted; new MD appointed.
- Alterations to Memorandum and Articles of Association approved.
- Changes subject to shareholder approval in the upcoming general meeting.
Price Impact
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