In continuation to the outcome of the meeting of the Board of Directors held on Wednesday, 05th March 2025, wherein the Board of Directors of the Company has approved the issuance of Fully Convertible Warrants (Warrants) carrying right exercisable by the Warrant holder to subscribe to one Equity Share of face value of Rs 10 (Rupees Ten Only) to the persons belonging to the Promoter & Promoter Group and Non-Promoter Category on preferential basis, aggregating upto Rs 17,20,00,000 (Rupees Seventeen Crores Twenty Lakhs Only) in this regard, JHS Svendgaard Retail Ventures has informed that the Preferential Issue Committee of the Board of Directors of the Company, at their meeting held today, Monday, March 10, 2025, has considered and approved the issuance of up to 34,40,000 Fully Convertible Warrants, at an issue price of Rs 45 (Rupees Forty-Five only) per warrant for an aggregate amount of up to Rs 15,48,00,000 (Rupees Fifteen Crores Forty-Eight Lakhs Only) to the allottees as details enclosed.
The above information is a part of company’s filings submitted to BSE.
