JHS Svendgaard Retail Ventures Limited — Others, 11-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

JHS Svendgaard Retail Ventures Limited has announced a board meeting to review the Statement of Deviation or Variation in the utilization of funds raised through a Preferential Issue amounting to ₹38.86 crore. For the quarter ended December 31, 2024, there were no deviations in the usage of these funds, with amounts allocated for working capital and capital expenditure remaining consistent with original plans. This report, reviewed by the Audit Committee, indicates disciplined financial management, which could reflect positively on investor sentiment by reinforcing confidence in the company's operational strategies and governance practices.