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JHS SVENDGAARD RETAIL VENTURES LIMITED — Proxy Solicitation & Information Statement 2026
May 25, 2026
62833_rns_2026-05-25_c6b85ed7-7018-4d0e-bad4-38a0c39e5974.pdf
Proxy Solicitation & Information Statement
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JHS
SVENDGAARD RETAIL VENTURES LIMITED
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
To,
Date: 25 May, 2026
| The Listing Department Bombay Stock Exchange Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street Mumbai – 400001
Scrip Code: 544197 | The Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G Bandra Kurla Complex Mumbai – 400051
Trading Symbol: RETAIL |
| --- | --- |
Sub: Corrigendum in continuation to the Notice of Extra-Ordinary General Meeting to be held on Saturday, 30th May, 2026.
Dear Sir,
This is with regard to our intimation dated 06th May, 2026, wherein JHS Svendgaard Retail Ventures Limited (“the Company”) has informed about the Extra-ordinary General Meeting (“EGM”) of the shareholders to be held on Saturday, 30th May, 2026 at 12:00 Noon (IST) through Video Conference (“VC”) / Other Audio Visual Means (“OAVM”).
The EGM Notice was sent to the shareholders of the Company on 06th May, 2026 in due compliance with the provisions of the Companies Act, 2013, and rules made thereunder, read with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.
A copy of detailed corrigendum is enclosed herewith. This Corrigendum to the Notice of the EGM regarding changes in the Explanatory Statement shall form an integral part of the Notice of EGM which has already been circulated to shareholders of Company and from the date hereof, the Notice of the EGM shall always be read in conjunction with this Corrigendum.
Except as detailed in the attached Corrigendum, all other items of the EGM Notice along with Explanatory Statement shall remain unchanged.
The aforesaid Corrigendum is made available on the Company's website at www.jhsretail.com.
You are requested to kindly take the same on record.
For JHS Svendgaard Retail Ventures Limited
KULDEEP Digitally signed by
KULDEEP JANGIR
JANGIR Date: 2026.05.25
16:06:07 +05'30'
Kuldeep Jangir
Company Secretary and Compliance Officer
Encl: A/a
Corporate Office: B-1/E-9, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi-110044.
Registered Office: Fifth Floor, Plot No. - 107, Sector-44, Institutional Area, Gurugram, Haryana-122001.
E-mail: [email protected]
Contact No. 011-40539487
JHS SVENDGAARD RETAIL VENTURES LIMITED
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
CORRIGENDUM TO THE NOTICE OF EXTRA ORDINARY GENERAL MEETING OF THE MEMBERS OF JHS SVENDGAARD RETAIL VENTURES LIMITED TO BE HELD ON SATURDAY, 30TH MAY, 2026
Dear Members,
We draw attention of all the Members of JHS Svendgaard Retail Ventures Limited (the "Company") to the Notice dated 06th May, 2026 for convening the Extra Ordinary General Meeting of the Company ("EGM") on Saturday, 30th May, 2026 at 12:00 Noon through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM"). The EGM Notice was dispatched/ emailed to all the members of the Company on 06th May, 2026 in due compliance with the provisions of the Companies Act, 2013 read with relevant rules thereunder.
Accordingly, this corrigendum is being issued to the members of the Company to amend/ provide additional details in terms of applicable provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
On and from the date hereof, the EGM Notice dated 06th May, 2026 shall always be read in conjunction with this Corrigendum which is also being uploaded on the website of the Company at www.jhsretail.com, on the website of National Securities Depository Services Limited at www.evoting.nsdl.com and on the website of the Stock Exchanges where the shares of the Company are listed (www.bseindia.com, www.nseindia.com).
In connection with the aforementioned notice, members are requested to take note of the following revisions in the Item No. 1 of the Explanatory Statement:
- Point No. I appearing on Page No. 14 under the heading 'Objects of the Preferential Issue' shall now be read as follows.
The Company intends to utilize the proceeds raised through the issue of Fully Convertible Warrants ("Issue Proceeds") towards the following objects. Further, as the funds to be received against the issue of allotment of Warrants and conversion of Warrants into Equity Shares, will be in tranches and the quantum of funds required on different dates may vary therefore, the intended use of the Issue Proceeds of the Issue is as under:
- Business Expansion
To establish new business segment in the retail and B2B business, across diversified product / service categories, including apparels, FMCG, entertainment, media and other allied complimentary and related businesses.
- Strategic Investments and Acquisitions
To acquire businesses, assets, brands, intellectual property and/or undertakings, whether directly and/or through investments in group companies, in form of loans, advances, intercorporate deposits, equity or any other form of financial instruments, in compliance with applicable laws, for undertaking capital expenditure and/or upgrading of assets and business facilities of the Company.
- General Corporate Purpose
In addition to the specific objects as set forth, our Company intends to deploy balance left
Corporate Office: B-1/E-9, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi-110044. Registered Office: Fifth Floor, Plot No. - 107, Sector-44, Institutional Area, Gurugram, Haryana-122001. E-mail: [email protected] Contact No. 011-42541201
JHS
SVENDGAARD RETAIL VENTURES LIMITED
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
out of the Net Proceeds towards general corporate purposes, as approved by our management, from time to time, subject to such utilization for general corporate purposes not exceeding 25% of the amount raised by our Company.
| 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.
Except for the modifications mentioned herein, the remaining details of Point No. I on Page No. 15 under the 'Note' section shall remain unchanged.
- Point No V, page No. 17 under the heading "Notes" appearing below the Shareholding Pattern table, Point No. 2 shall be read as under:
"The post-shareholding structure includes 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."
Accordingly, the words "pre-shareholding structure" appearing in Point No. 2 shall stand substituted with the words "post-shareholding structure".
Except for the above correction, all other contents of the Notice of EGM dated May 06, 2026 shall remain unchanged.
This Corrigendum shall form an integral part of the Notice of the EGM dated May 06, 2026 and the same shall also be made available on the website of the Company and the Stock Exchanges.
All other contents of the EGM Notice, save and except as amended / clarified by this Corrigendum, shall remain unchanged.
For & on Behalf of
JHS Svendgaard Retail Ventures Limited
KULDEEP
JANGIR
Digitally signed by
KULDEEP JANGIR
Date: 2026.05.25
16:06:36 +05'30'
Kuldeep Jangir
Company Secretary & Compliance Officer
Date: 25 May, 2026
Place: New Delhi
Corporate Office: B-1/E-9, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi-110044.
Registered Office: Fifth Floor, Plot No. - 107, Sector-44, Institutional Area, Gurugram, Haryana-122001.
E-mail: [email protected]
Contact No. 011-42541201