JHS Svendgaard Laboratories Limited — Others, 23-05-2025: Shareholders meeting

JHS Svendgaard Laboratories has announced a Postal Ballot to seek shareholder approval for revising the use of ₹30 Cr raised through a preferential issue. The funds will now be deployed as ₹6 Cr for manufacturing equipment, ₹16.5 Cr for strategic investment in its group company JHS Svendgaard Retail Ventures Ltd to support expansion, and ₹7.5 Cr for general corporate purposes by December 2026. Shareholders are also asked to approve related party transactions and loans up to ₹12 Cr to JHS Retail. Additionally, the board proposes reappointing two Independent Directors for five years.