JHS Svendgaard Retail Ventures Limited (RETAIL) — Board Meeting

JHS Svendgaard Retail Ventures Limited announced an EGM on May 30, 2026, to seek shareholder approval for a preferential issue of 33,05,000 fully convertible warrants at ₹25 each (including ₹15 premium) to non-promoter investors and key management personnel. The [amount not verified] issue will fund operations ([amount not verified]), strategic investments (₹4.13 crore), expansion ([amount not verified]), and general corporate needs ([amount not verified]) within 36 months. Shareholding will rise from 55.48% to 68.66% public float post-issue, with non-promoter stakes increasing. The issue price exceeds the SEBI-determined floor price of ₹23.85, and warrants will have a one-year lock-in. The EGM will also approve material related party transactions with JHS Svendgaard Laboratories Limited, PJHS Entertainment Private Limited, Purple Rock Infra Private Limited, and Magna Waves Buildtech Private Limited, each up to ₹13 crores annually for one year, provided they are arm's length and in the ordinary course of business.

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