JHS Svendgaard Retail Ventures Limited has subscribed to ₹5 crore worth of Optionally Convertible Debentures (OCDs) in Purple Rock Infra Private Limited. The board of directors approved the transaction during a meeting held on August 13, 2026, classifying it as a related-party deal conducted at arm’s length.

The investment involves the subscription of 50,00,000 OCDs at a face value of ₹10 each, carrying a coupon rate of 7%. The consideration was paid via cash remittance through normal banking channels. JHS Svendgaard Retail stated that the move aims to strengthen long-term business relations and represents a strategic entry into the infrastructure sector.

Transaction Details

Purple Rock Infra Private Limited, incorporated on March 10, 2024, operates in the infrastructure projects space. The target entity has an authorized share capital of ₹10 lakh and a paid-up capital of ₹10 lakh. As per disclosures, the company’s promoter holds an equity stake in Purple Rock Infra, necessitating the related-party transaction classification under Section 177 of the Companies Act, 2013.

Equity Implications

Currently, JHS Svendgaard Retail does not hold any equity shareholding in Purple Rock Infra. The eventual percentage of shareholding will depend on the conversion of existing 85,00,000 OCDs if exercised in the future. The transaction does not qualify as an acquisition under current regulations.

What the Numbers Show

The investment targets a newly incorporated entity with limited financial history. Purple Rock Infra reported nil turnover for FY24-25, as its incorporation date falls within this period. Financial statements for FY25-26 are not yet finalized. This suggests the investment is predicated on future project execution rather than established revenue streams, aligning with the company’s stated goal of strengthening long-term business relations in the infrastructure vertical.

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.