Corrigendum to the Notice of EGM dated 30 May, 2026.
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JHS Svendgaard Retail Ventures has issued a corrigendum to its EGM notice scheduled for 30 May 2026. The filing amends the Explanatory Statement for Item No. 1, which pertains to a Preferential Issue of Fully Convertible Warrants. The company plans to raise approximately Rs. 8.26 crore (assuming 100% conversion), with funds earmarked for three purposes: Business Expansion (Rs. 2.07 crore) to set up new retail and B2B segments across apparel, FMCG, and entertainment; Strategic Investments and Acquisitions (Rs. 4.13 crore) to acquire businesses, brands, or assets; and General Corporate Purposes (Rs. 2.07 crore, capped at 25%). Additionally, the corrigendum corrects a reference regarding 89,91,357 fully convertible warrants issued on 27 September 2024 and 5 March 2025, changing 'pre-shareholding structure' to 'post-shareholding structure' in the explanatory note.
The preferential warrant issuance will dilute existing shareholding upon conversion. Shareholders should note the expanded use of proceeds — including business expansion and strategic acquisitions — and the timeline for fund utilisation within 36 months of receipt.