JHS Svendgaard Retail Ventures Limited (RETAIL) — Board Meeting | 13 August 2026 (3 announcements)

JHS Svendgaard Retail Ventures announced the subscription of 5 million 7% Optionally Convertible Debentures in Purple Rock Infra Private Limited, a related-party infrastructure investment. The board approved the transaction during a meeting held on August 13, 2026, which involves a cash consideration of ₹5 crore at face value. The investment is not classified as an acquisition yet, with potential future shareholding if debentures convert. The filing references Schedule III compliance and confirms arm's-length terms.

The board appointed Mrs. Richa Sood and Mr. Mukul Pathak as additional non-executive independent directors effective August 13, 2026, for five-year terms subject to shareholder approval at the upcoming general meeting, and reconstituted the Nomination and Remuneration Committee to include them.

The board approved unaudited Q1 FY2026 financials showing a net loss of ₹12.80 lakhs, approved two new independent directors for five-year terms pending shareholder vote, and invested ₹50 lakh in Purple Rock Infra via convertible debentures. The audit confirmed no material misstatements but highlighted contingent liability risks under new labour laws. Cash balance stood at ₹61.07 lakhs with significant investing outflows.