Board Meeting29 Aug 2026, 06:31 pm
JHS Svendgaard Retail Ventures Ltd: Board Approves Waiver of Interest
AI Summary
JHS Svendgaard Retail Ventures Ltd announced that its Board of Directors, in a meeting held on August 29, 2026, approved several key decisions. These include the waiver of accrued interest on Optionally Convertible Debentures issued by Purple Rock Infra Private Limited, subject to member approval. The principal amount of ₹13.50 crore remains payable. The board also reconstituted the Audit Committee and approved the allotment of fully convertible warrants on a preferential basis to non-promoter category individuals. The meeting commenced at 12:15 PM and concluded at 03:45 PM.
Key Highlights
- Board approved waiver of interest on OCDs from Purple Rock Infra.
- Principal amount of ₹13.50 crore remains payable.
- Audit Committee composition was reconstituted.
- Allotment of fully convertible warrants approved.
- Transaction classified as a Related Party Transaction.
Price Impact
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