JHS Svendgaard Retail Ventures Limited has informed the Exchange regarding Notice of 1st Extraordinary General Meeting for the FY 2026-27 to be held on May 30, 2026
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The company has called an EGM on May 30, 2026 to seek shareholder approval for six agenda items. The most significant is Item 1 - a Special Resolution to issue 33,05,000 Fully Convertible Equity Warrants to 8 non-promoter allottees at Rs. 25 per warrant, raising approximately Rs. 8.26 crore. Allottees include Amit Sadh (10 lakh), Purnima Sharma (10 lakh), Sunny Bakshi (5 lakh), and others. Warrants can be converted into equity shares within 18 months. Items 2-6 seek Ordinary Resolution approvals for material related party transactions: Rs. 13 crore each with JHS Svendgaard Laboratories Limited, PJHS Entertainment Private Limited (subsidiary), and Purple Rock Infra Private Limited; and Rs. 10 crore each with Magna Waves Buildtech Private Limited and Nikhil Nanda Motion Pictures LLP. All RPT approvals are valid for 1 year and must be at arm's length.
Shareholders should note the potential equity dilution of approximately 33 lakh shares upon warrant conversion. The five related party transactions totaling up to Rs. 59 crore require scrutiny as they involve subsidiaries and entities potentially connected to promoters. The warrant pricing at Rs. 25 (face value Rs. 10 + premium Rs. 15) sets a reference for valuation.