JHS Svendgaard EGM approves warrant issuance

JHS Svendgaard Retail Ventures Limited concluded its Extra-Ordinary General Meeting (EGM) on May 30, 2026, approving the issuance of 33,05,000 fully convertible equity warrants to persons belonging to the non-promoter category on a preferential basis. The meeting, conducted via video conference, also saw shareholders sanction five material related party transactions, expanding the company's financial and operational engagements with specific entities.

The EGM was held at 12:00 Noon IST and concluded at 12:21 P.M., with 94 members participating. Mr. Sanjay Sital Sangtani, Independent Director, chaired the meeting, which was deemed to be conducted at the company's registered office in Gurugram, Haryana. The proceedings adhered to relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Resolutions Approved

Shareholders voted on six items, including one special resolution and five ordinary resolutions. The special resolution concerned the preferential issuance of equity warrants, while the ordinary resolutions dealt with related party transactions.

Resolution Description	Type of Resolution
Issuance of 33,05,000 Fully Convertible Equity Warrants to Non-Promoters	Special
Material Related Party Transaction with JHS Svendgaard Laboratories Limited	Ordinary
Material Related Party Transaction with PJHS Entertainment Private Limited	Ordinary
Material Related Party Transaction with Purple Rock Infra Private Limited	Ordinary
Material Related Party Transaction with Magna Waves Buildtech Private Limited	Ordinary
Material Related Party Transaction with Nikhil Nanda Motion Pictures LLP	Ordinary

Meeting Proceedings

Mr. Kuldeep Jangir, Company Secretary and Compliance Officer, informed members that the company had engaged NSDL to facilitate remote e-voting. The remote e-voting period commenced at 09:00 A.M. on May 27, 2026, and concluded at 05:00 P.M. on May 29, 2026. Mr. Mohit Dahiya, proprietor of M/s Dahiya & Associates, was appointed as the scrutinizer to supervise the voting process.

The resolutions were deemed to be passed on May 30, 2026, subject to the receipt of the requisite number of votes. The voting results are scheduled to be announced within the required timeline and will be communicated to the BSE Limited and National Stock Exchange of India Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-14.33%	-11.80%	-7.25%	-38.34%	-53.46%	-52.46%

JHS Svendgaard Retail Ventures reported a consolidated net loss of ₹38.55 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹11.75 lakh recorded in the previous year. The company’s total income for the year increased to ₹2,211.36 lakh from ₹2,097.92 lakh in FY25, while total expenses rose to ₹2,231.08 lakh from ₹2,096.91 lakh. The statutory auditors issued an audit report with an unmodified opinion on the standalone and consolidated financial results approved by the Board on May 28, 2026.

Standalone Financial Performance

For the standalone entity, the company reported a net loss of ₹21.03 lakh for FY26, a decline from the net profit of ₹11.75 lakh in the prior year. Revenue from operations remained relatively flat at ₹1,618.50 lakh compared to ₹1,614.14 lakh in FY25. Total expenses for the year increased to ₹2,198.97 lakh from ₹2,096.91 lakh. The basic earnings per share (EPS) for the year stood at (₹0.29), compared to ₹0.18 in the previous year.

Consolidated Financial Results

The consolidated results include the financials of subsidiary PJHS Entertainment Private Limited, which the company acquired in April 2025. The subsidiary reported total assets of ₹3,714.43 lakh and total liabilities of ₹1,162.88 lakh as of March 31, 2026. On a consolidated basis, the net loss attributable to the owners of the company was ₹29.79 lakh for the year. Finance costs increased to ₹109.98 lakh in FY26 from ₹101.20 lakh in the previous year.

Key Financial Metrics

The following table summarizes the standalone financial performance for the year ended March 31, 2026:

Particulars	Year Ended 31 March 2026 (₹ in Lakhs)	Year Ended 31 March 2025 (₹ in Lakhs)
Revenue from operations	1,618.50	1,614.14
Total income	2,196.79	2,097.92
Total expenses	2,198.97	2,096.91
Net Profit/(Loss) for the period	(21.03)	11.75
Paid-up equity share capital	820.46	680.46

Capital Allocation and Investments

During the year, the company raised ₹1,608.92 lakh through the preferential issue of warrants. Funds were utilized for working capital requirements (₹50.00 lakh), advances to subsidiary (₹448.76 lakh), and investments in optionally convertible debentures of Purple Rock Infra Private Limited (₹861.70 lakh). The company also invested ₹223.54 lakh in fixed deposits. Additionally, the company acquired a 50.01% equity stake in PJHS Entertainment Private Limited for ₹11.70 lakh.

Auditor’s Emphasis of Matter

The statutory auditors, PSMG & Associates, drew attention to Note 11 regarding the evaluation of implications arising from the New Labour Code and the detailed implementation framework issued in May 2026. The company has disclosed the estimated exposure as a contingent liability pending final assessment and crystallization of any incremental liability. The auditors stated that their opinion is not modified in respect of this matter.