JHS Svendgaard Retail Ventures Limited has submitted its quarterly fund utilization statement to stock exchanges, confirming no deviation in the use of funds raised through preferential issues during the quarter ended December 31, 2025. The statement was approved by the Board of Directors on February 13, 2026, and filed under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company raised funds through two separate preferential issues during the reporting period. The combined fund raising activities totaled ₹52 crores across both transactions.

Fund Utilization from September 2024 Issue

From the ₹38.85 crores raised in September 2024, the company utilized ₹1,385.38 lakhs during the quarter across multiple business objectives. The utilization pattern demonstrates focused deployment toward operational enhancement and working capital management.

March 2025 Issue Status

The second preferential issue of ₹13.14 crores raised on March 5, 2025, remained completely unutilized during the quarter ended December 31, 2025. All allocated funds are preserved for their intended purposes without any modifications to the original objectives.

Compliance and Governance

The company maintained full compliance with regulatory requirements, with no comments from the Audit Committee or auditors regarding fund utilization. Company Secretary Kuldeep Jangir digitally signed the compliance document, confirming adherence to all applicable regulations. The detailed fund utilization information remains available on the company's website at www.jhsretail.com for stakeholder reference.

Mobile retail chain SS Retail has taken a significant step towards going public by filing draft papers with the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The company aims to raise ₹500.00 crore through this offering, which includes both fresh issue of shares and an offer for sale (OFS) by existing shareholders.

IPO Structure

The proposed IPO comprises two components designed to meet both company expansion needs and existing shareholder liquidity requirements:

Company Overview

SS Retail has established a strong presence in the mobile retail sector, operating a network of 347 stores across four states in India. This extensive retail footprint positions the company as a significant player in the mobile phone distribution landscape.

Financial Performance

While specific financial details are not available in the current update, the company is reported to have demonstrated strong financial growth. This growth trajectory likely played a crucial role in the decision to go public.

Market Implications

The IPO filing by SS Retail reflects the growing interest in India's burgeoning mobile retail sector. As smartphone penetration continues to increase across the country, companies like SS Retail are well-positioned to capitalize on this trend.

Next Steps

With the draft papers now filed with SEBI, the regulatory body will review the documents. Investors and market watchers will be keenly awaiting further details about the company's financials, growth strategy, and the timeline for the IPO launch.

As more information becomes available, potential investors will be able to assess the company's market position, financial health, and growth prospects to make informed decisions about participating in the IPO.

Note: Investors are advised to review the detailed IPO documents and consult financial advisors before making investment decisions.