JHS Svendgaard Retail Ventures Limited — Important, 24-01-2025: Disclosure of material issue

The Board of Directors of JHS Svendgaard Retail Ventures Limited has approved an investment in Woop Amusement Private Limited, acquiring 27,500 equity shares for a total amount of Rs. 2.75 lakh. Woop Amusement, incorporated in July 2024, is an emerging player in the entertainment industry, specifically focusing on Family Entertainment Centers and gaming zones. The company has a registered capital of Rs. 10 lakh but currently reports no turnover, as it was recently established. This acquisition, which will yield a 27.5% stake in Woop, is part of JHS’s strategy to diversify its business portfolio. It is noted that this transaction is classified as a related party transaction, conducted at arm’s length, as a promoter holds an equity stake in Woop. Completion of the acquisition is expected within one month. Positive growth potential may arise from this strategic tie-up, as it aligns with expanding leisure and entertainment offerings in the market.