JHS Svendgaard reports consolidated net loss of ₹38.55 lakh in FY26

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.44%	-12.18%	-10.89%	-35.14%	-53.39%	-52.67%

JHS Svendgaard Retail Ventures Limited has issued a corrigendum to the notice of its Extra-Ordinary General Meeting (EGM) scheduled for May 30, 2026. The meeting will be held via Video Conference and Other Audio Visual Means. The corrigendum revises the objects of the preferential issue of fully convertible warrants and corrects a specific detail in the explanatory statement.

The company has updated the intended use of the issue proceeds, which are expected to be raised through the allotment of warrants and their subsequent conversion into equity shares. The funds will be allocated across three main categories: business expansion, strategic investments and acquisitions, and general corporate purposes.

Utilization of Issue Proceeds

The revised allocation details the specific amounts earmarked for each objective. The company plans to utilize the funds to establish new business segments in retail and B2B sectors, acquire businesses or assets, and support general corporate needs.

Sr. No.	Particulars	Utilization of Issue Proceeds* (In Rs.)	Tentative timelines for utilization of net proceeds from the date of receipt of funds
1	Business Expansion	2,06,56,000	Within 36 months from receipt of funds (as set out herein)
2	Strategic Investments and Acquisitions	4,13,13,000
3	General corporate purpose	2,06,56,000

considering 100% conversion of Warrants into Equity Shares within the stipulated time.

Corrections to Shareholding Pattern

In addition to the financial revisions, the company corrected a typographical error in the notes appearing below the shareholding pattern table. The term "pre-shareholding structure" has been substituted with "post-shareholding structure". This note refers to the deemed conversion of 89,91,357 fully convertible warrants issued on September 27, 2024, and March 05, 2025, to Promoter and Non-Promoter Group categories.

The corrigendum confirms that all other items of the EGM Notice and the Explanatory Statement remain unchanged. The document is available on the company's website and the websites of the stock exchanges where the shares are listed.