Corporate Action30 Apr 2026, 05:41 pm
JHS Svendgaard Retail to issue ₹8.26 Cr warrants via preferential issue
AI Summary
JHS Svendgaard Retail Ventures Limited's Board of Directors approved the issuance of Fully Convertible Warrants through a preferential issue. The company will issue warrants aggregating up to ₹8,26,25,000 at an issue price of ₹25 per warrant to non-promoter investors. A total of 33,05,000 warrants will be issued for cash, with each warrant convertible into one equity share (face value ₹10) within 18 months from the allotment date. This move is subject to shareholder approval, for which an Extra Ordinary General Meeting (EGM) is scheduled for Saturday, May 30, 2026.
Key Highlights
- Board approved preferential issue of fully convertible warrants.
- Warrants worth ₹8.26 crore to be issued at ₹25 each.
- Issued to non-promoter investors, subject to shareholder approval.
- Each warrant converts into one equity share within 18 months.
- EGM scheduled for May 30, 2026, to seek shareholder approval.
Price Impact
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