Investment30 Apr 2026, 05:53 pm
JHS Svendgaard Retail Ventures approves ₹8.26 Cr preferential warrant issue
AI Summary
JHS Svendgaard Retail Ventures Ltd's Board of Directors, in a meeting on April 30, 2026, approved the preferential issue of Fully Convertible Warrants to non-promoter entities. The issue aggregates up to ₹8,26,25,000 at an issue price of ₹25 per warrant. A total of 33,05,000 warrants will be issued, each convertible into one equity share within 18 months. This move aims to raise capital for the company. The issuance is subject to shareholder approval at an Extra Ordinary General Meeting scheduled for May 30, 2026.
Key Highlights
- Board approved preferential issue of 33.05 lakh fully convertible warrants.
- Warrants aggregate to ₹8.26 crore at an issue price of ₹25 each.
- Issued to non-promoter category investors for cash consideration.
- Each warrant is convertible into one equity share within 18 months.
- Shareholder approval is required at an EGM on May 30, 2026.
Price Impact
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