JHS Svendgaard Retail Ventures Ltd

JHS Svendgaard Retail Ventures Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition and Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut for all insiders, including designated persons and their immediate relatives, from July 1st, 2026. It will reopen 48 hours after the declaration of the un-audited financial results for the quarter ended June 30th, 2026. The specific date of the board meeting to consider these results will be communicated later.

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.

JHS Svendgaard Retail Ventures Limited has filed its Statement of Deviation or Variation for the quarter ended March 31, 2026, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, approved by the Board on May 28, 2026, confirms no deviation or variation in the utilization of funds raised through two preferential issues. The first issue on September 27, 2024, raised ₹38.85 crores, allocated for working capital, capital expenditure, operational enhancement, and general corporate purposes. The second issue on March 05, 2025, raised ₹13.14 crores, earmarked for acquisition/strategic investment, business expansion, and general corporate purpose. The company reported full compliance with the stated objects for both fundraises.

JHS Svendgaard Retail Ventures Limited's Board of Directors, in a meeting held on May 28, 2026, approved the Audited Financial Results for the quarter and year ended March 31, 2026. The company informed that its Statutory Auditors issued an Audit Report with an unmodified opinion on both the standalone and consolidated financial results. The filing includes the audited financial results, the auditor's report, and a declaration regarding the unmodified opinion. The auditor's report highlighted an 'Emphasis of Matter' concerning the evaluation of implications from the New Labour Code, with estimated exposure disclosed as a contingent liability, though this did not modify the audit opinion.

JHS Svendgaard Retail Ventures Limited's Board of Directors met on May 28, 2026, and approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The company's Statutory Auditors issued an unmodified opinion on these financial results. The filing includes the detailed Auditor's Report. An 'Emphasis of Matter' was noted regarding the evaluation of implications from the New Labour Code and its detailed implementation framework, with the estimated exposure presently assessed as a contingent liability. However, the auditor's opinion on the financial statements remains unmodified.

JHS Svendgaard Retail Ventures Ltd issued a corrigendum to the EGM notice dated May 30, 2026, regarding changes in the Explanatory Statement. The corrigendum, sent to shareholders on May 6, 2026, amends Item No. 1 concerning the 'Objects of the Preferential Issue.' It provides additional details in compliance with SEBI regulations and is available on the company's website and stock exchange platforms. The EGM will be held via video conference.

JHS Svendgaard Retail Ventures Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The trading window for dealing in the company's securities has been closed from April 1, 2026, and will remain closed until 48 hours after the declaration of the audited financial results.

JHS Svendgaard Retail Ventures Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for May 30, 2026, to be held via video conference. The EGM includes an agenda to approve the issuance of 33,05,000 fully convertible equity warrants to non-promoter category individuals on a preferential basis. The e-voting period is set from May 27 to May 29, 2026, and the cut-off date to determine e-voting eligibility is May 23, 2026. Detailed procedures for e-voting and attending the EGM are available on the company's website and NSDL's e-voting platform.

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.

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.