Announced Thu, 25 Jun · 17:07 IST
Board approves reshuffle of preferential issue fund usage, seeks shareholder nod
Fund Raising View source PDF
JHS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹7.70
prior close
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After-mkt
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AI summary
JHS Svendgaard Labs board on June 25, 2026 approved reshuffling use of about Rs 30 crore raised via preferential issue. Old plan had Rs 6 crore for equipment, Rs 16.5 crore for group entity infusion, Rs 7.5 crore for general use. New plan is Rs 11.75 crore for capital expenditure, Rs 10.75 crore for strategic and growth moves, Rs 7.5 crore general. Deadline pushed to March 2027. Change is mostly clarificatory, needs shareholder approval.
Likely market impact
Neutral. Broadens use of about Rs 30 crore from specific equipment and group infusion to general growth moves. Subject to shareholder nod.