JHS Svendgaard Retail Ventures Limited has informed the Exchange about the issue of warrants through Preferential issue.
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JHS Svendgaard Retail Ventures Limited's board has approved issuing 33,05,000 fully convertible warrants to 8 non-promoter allottees for Rs. 8.26 crore at Rs. 25 per warrant. The warrants carry a face value of Rs. 10 with Rs. 15 premium. Each warrant entitles the holder to subscribe to one equity share within 18 months from allotment date. Allottees include individuals like Amit Sadh, Purnima Sharma, Sunny Bakshi and Fresh Impact Labs Private Limited. The company will seek shareholder approval at an EGM on May 30, 2026.
This preferential warrant issue to non-promoters will lead to potential dilution of approximately 33 lakh equity shares if fully converted. The capital raise appears intended for general corporate purposes, though specific use of funds has not been disclosed.