JHS Svendgaard Retail Ventures Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on May 30, 2026
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JHS Svendgaard Retail Ventures Limited has issued a corrigendum to its EGM notice scheduled for May 30, 2026. The correction relates to a preferential issue of Fully Convertible Warrants. The company plans to raise Rs 8.26 crore (total of all allocations) through warrant conversion, with three stated uses: Business Expansion (Rs 2.07 crore for new retail and B2B segments including apparels, FMCG, entertainment, and media), Strategic Investments and Acquisitions (Rs 4.13 crore for acquiring businesses, assets, and brands), and General Corporate Purpose (Rs 2.07 crore, capped at 25% of total). The corrigendum also corrects the shareholding pattern note, replacing 'pre-shareholding structure' with 'post-shareholding structure' to reflect 89,91,357 warrants issued in September 2024 and March 2025.
The warrant issuance and potential equity conversion will dilute existing shareholder stakes. The fund raise supports expansion plans but shareholders face dilution risk from 89.9 lakh warrants converting to equity.