JHS Svendgaard Retail Ventures appointed Richa Sood and Mukul Pathak as additional non-executive independent directors on August 13, 2026. The board of directors approved the appointments based on the recommendation of the Nomination and Remuneration Committee, with both individuals serving five-year terms subject to shareholder approval at the ensuing general meeting.

The company confirmed that both appointees meet the independence criteria prescribed under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profiles

Richa Sood brings 25 years of experience in the aviation industry as a commercial pilot. She holds a Bachelor's degree in Science from St. Bede's College, Shimla. The filing highlights her leadership capabilities and disciplined approach developed through her long-standing career in aviation.

Mukul Pathak possesses approximately 28 years of experience in teaching and finance. He has been associated with reputed institutions over the years, contributing wide-ranging knowledge in finance to the board.

Committee Reconstitution

Consequent to these appointments, the board reconstituted the Nomination and Remuneration Committee effective August 13, 2026. The committee composition is as follows:

The board meeting commenced at 12:00 noon and concluded at 2:34 pm on August 13, 2026. The disclosures were made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

JHS Svendgaard Retail Ventures reported a significant turnaround in profitability for the first quarter of FY27, posting a standalone net profit of ₹24.06 lakh for the quarter ended June 30, 2026. This marks a sharp improvement from a net loss of ₹3.64 lakh in the corresponding quarter of FY26 and a loss of ₹5.74 lakh in the immediately preceding quarter (Q4FY26).

Revenue from operations rose to ₹401.73 lakh in Q1FY27, compared to ₹327.67 lakh in Q1FY25. However, revenue declined slightly quarter-on-quarter from ₹429.79 lakh in Q4FY26. The company’s total income was driven largely by other income, which stood at ₹166.88 lakh, constituting nearly 29% of total income.

Financial Performance

The following table outlines the key standalone financial metrics for the quarter:

On a consolidated basis, the group reported a net profit of ₹13.46 lakh for Q1FY27, compared to a net loss of ₹7.34 lakh in Q1FY26. Consolidated revenue from operations remained stable at ₹401.73 lakh, identical to the standalone figure.

What the Numbers Show

A notable divergence exists between operating performance and bottom-line results. While the company recorded a slim operating profit before tax of ₹1.61 lakh on a standalone basis, the final net profit of ₹24.06 lakh was significantly boosted by a tax benefit of ₹22.45 lakh (deferred tax income). This indicates that the profitability for the quarter was heavily influenced by tax adjustments rather than core operational margins, which remained thin with total expenses at ₹567.01 lakh against total income of ₹568.61 lakh.

Board Approvals and Rectifications

During its meeting on August 13, 2026, the Board of Directors approved several key matters beyond the financial results:

• Financial Rectifications: The board approved rectifications in the consolidated financial results for the quarter and half-year ended September 30, 2025, as well as the quarter and year ended March 31, 2026. These revisions were made to eliminate certain inter-company balances and transactions that were inadvertently not eliminated during earlier consolidation processes. The changes do not impact standalone financials.
• Director Appointments: Mrs. Richa Sood and Mr. Mukul Pathak were appointed as Additional Non-Executive Independent Directors for a term of five years, subject to shareholder approval.
• Investment: The board approved the subscription of 50 lakh Optionally Convertible Debentures (OCDs) at ₹10 each, carrying a 7% interest rate, issued by Purple Rock Infra Private Limited. This strategic investment aims to strengthen long-term business relations in the infrastructure sector.

The statutory auditors, PSMG & Associates, issued limited review reports on the unaudited standalone and consolidated financial results, confirming no material misstatements were identified.