Board of KDJ Holidayscapes & Resorts approves sub-division of shares

At meeting held on 31 August 2015

KDJ Holidayscapes & Resorts announced that the Board of Directors of the Company at its meeting held on 31 August 2015, inter alia, have considered the following:

1. Ratification of appointment of M/s. ASL & Company, Chartered Accountants, Mumbai as Statutory Auditors of the Company, subject to approval of Shareholders at the forthcoming Annual General Meeting;

2. Regularization of appointment of Madhukar Katragadda as an Additional Director of the Company;

3. Sub-division of each Equity Share of Nominal Value of Rs. 2/- (Rupees Two only) of the Company into 2 (Two) Equity Shares of Nominal Value of Rs. 1/- (Rupee One only) each and subsequent alteration of Memorandum of Association of the Company subject to approval of Shareholders at the forthcoming Annual General Meeting;

4. Adoption of new Articles of Association; and

5. Approval of the Members to be obtained through Postal Ballot as prescribed under Section 110 of the Companies Act, 2013 for raising the Borrowing limits as per Section 180 (1) (c) of the Companies Act, 2013 upto Rs. 100 crore and the investment, loans, etc. limits as per Section 186 of the Companies Act, 2013 upto Rs. 100 Crore.

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