JHS Svendgaard Retail Ventures: 60.7 Lakh Warrants Lapse, ₹27.5 Cr Forfeited

JHS Svendgaard Retail Ventures Ltd announced the lapse of 60,71,357 Fully Convertible Warrants, originally allotted on December 3, 2024. These warrants, issued at ₹50 each on a preferential basis, lapsed on June 2, 2026, as the holders failed to pay the remaining 75% of the issue price within the stipulated 18-month period. Consequently, the company has forfeited the upfront 25% subscription amount paid for these warrants, totaling ₹27,58,91,962.50. The lapse means warrant holders forfeit all rights, and the warrants are cancelled and extinguished.