JHS Svendgaard Retail Withdraws Woop Amusement Investment

JHS Svendgaard Retail Ventures Ltd announced that its Board of Directors has approved the withdrawal of a prior decision to invest ₹2,75,000 (Rupees Two Lakh Seventy-Five Thousand Only) for the acquisition of 27,500 equity shares (27.5%) in Woop Amusement Private Limited. The initial decision was made on January 24, 2025. The company cited current business priorities and a further review of the proposed investment as reasons for not proceeding with the acquisition. This withdrawal has no impact on the company's financials or operations. The proposed acquisition was previously disclosed as a related party transaction.