KDJ Holidayscapes completed Corporate Insolvency Resolution Process with NCLT approval on March 4, 2025, resulting in complete financial and operational restructuring.
Company reported nil revenue and net loss of ₹73.69 lakhs for FY25 with liabilities of ₹1,920.30 lakhs written off and assets impaired worth ₹1,932.28 lakhs.
Share capital reduced from 5.47 crore to 50,000 shares with new promoters acquiring 95% ownership and complete board and management changes implemented.
AGM notice includes 14 resolutions covering financial adoption, director appointments, name change to Avenique Limited, and enhanced borrowing limits up to ₹5,000 crores.