JHS Svendgaard Retail Ventures Limited — Important, 21-02-2025: General Updates

The Preferential Issue Committee of JHS Svendgaard Retail Ventures Limited has approved the allotment of 3,00,000 Equity Shares at an issue price of ₹50 each, following the conversion of fully convertible warrants held by Mr. Nikhil Nanda, a promoter of the company. This move increases the paid-up equity share capital to ₹6.80 crore, divided into 68,04,600 Equity Shares of face value ₹10 each. This development strengthens the company's equity base, showcasing investor confidence and potential for future growth. Investors should view this as a positive signal regarding the company's capital structure and strategic positioning.