JHS Svendgaard Retail Ventures Reports Q1 FY26 Loss, Appoints New Director and Auditors

JHS Svendgaard Retail Ventures Limited , a retail business operator, has reported a net loss for the first quarter of fiscal year 2026 and announced several key corporate changes, including the appointment of a new independent director and secretarial auditors.

Financial Performance

The company reported a consolidated net loss of Rs 7.34 lakh for the quarter ended June 30, 2025. This marks a significant shift from the standalone net profit of Rs 9.69 lakh recorded in the same quarter of the previous year. The consolidated revenue from operations stood at Rs 330.67 lakh, compared to the standalone revenue of Rs 346.52 lakh in Q1 FY25.

On a standalone basis, JHS Svendgaard Retail Ventures posted a net loss of Rs 2.64 lakh for Q1 FY26, with revenue from operations at Rs 327.67 lakh.

Key Corporate Actions

The Board of Directors, in their meeting held on August 13, 2025, approved several significant changes:

1. Appointment of Independent Director: Dr. Deepali Bhardwaj has been appointed as an Independent Women Director for a term of five years, subject to shareholder approval. Dr. Bhardwaj brings over 15 years of experience in the healthcare and wellness industry, with expertise in managing retail-facing health and skincare ventures.

2. New Secretarial Auditors: M/s. Dahiya & Associates, a firm of Practicing Company Secretaries, has been appointed as Secretarial Auditors for a period of five consecutive financial years from 2025-26 to 2029-30.

3. Audit Committee Reconstitution: Following the resignation of Mrs. Sushma Nanda from directorship, the Audit Committee has been reconstituted. The new composition includes Mr. Sanjay Sital Sangtani as Chairperson, with Mr. Nikhil Nanda, Mr. Ankur Garg, and Dr. Deepali Bhardwaj as members.

Strategic Developments

During the quarter, JHS Svendgaard Retail Ventures made a strategic move by acquiring a 50.01% stake in PJHS Entertainment Private Limited for Rs 11.70 lakh, making it a subsidiary of the company. This acquisition marks the company's first consolidated financial statements.

Capital Structure Changes

The company has seen significant changes in its capital structure:

• The authorized share capital increased from Rs 16 crore to Rs 20 crore.
• The paid-up share capital as of June 30, 2025, stands at Rs 7.40 crore, divided into 74,04,600 equity shares of Rs 10 face value each.
• A preferential allotment of warrants convertible into equity shares, approved in October 2024, has partially been converted, with 9,00,000 equity shares allotted under the Promoter category.
• Another preferential allotment of 29,20,000 warrants was approved in April 2025, with the company receiving Rs 328.50 lakh as 25% of the total consideration.

These developments reflect JHS Svendgaard Retail Ventures' efforts to strengthen its corporate governance, expand its business operations, and adjust its capital structure amidst challenging financial performance in the first quarter of FY26.