JHS Svendgaard Retail Ventures Limited — Board Meeting, 05-03-2025: Outcome of Board Meeting

The Board of Directors of JHS Svendgaard Retail Ventures Limited has announced a board meeting outcome, approving the issue of Fully Convertible Warrants (Warrants) worth up to ₹17.20 crore, to be allotted to both Promoter and Non-Promoter categories. The issue price will be determined by the Preferential Issue Committee. An Extraordinary General Meeting (EGM) is scheduled to seek shareholder approval for this preferential issuance. Notably, each warrant is convertible into one equity share within 18 months from allotment, enhancing potential equity participation for investors.