Date: 13th August, 2026
Board Meeting Outcome
The Board of Directors of JHS Svendgaard Retail Ventures Limited met on 13th August, 2026. The meeting commenced at 12:00 Noon and concluded at 02:34 P.M.
The Board approved the subscription of 50,00,000, 7%, Optionally Convertible Debentures (OCD) of ₹10 each of Purple Rock Infra Private Limited. The total value of the debentures subscribed is ₹5,00,00,000 (Five Crore Rupees).
Investment Details
Target Entity: Purple Rock Infra Private Limited
Industry: Infrastructure
Object of Investment: Strategic investment in the infrastructure sector and to strengthen long-term business relations.
Consideration: Cash consideration by way of remittance through normal banking channel.
Cost of Acquisition: The 7% Optionally Convertible Debentures were subscribed at face value of ₹10 per unit.
Shareholding/Control: The percentage of shareholding depends upon the conversion of existing 85,00,000 OCD, if exercised in the future. Currently, JHS Svendgaard does not hold any shareholding in Purple Rock Infra Private Limited.
Related Party Transaction: The investment falls under the purview of a transaction with related parties under Section 177 of the Companies Act, 2013. The Company's promoter holds an equity stake in the target company. The transaction is stated to be conducted at arm's length.
Background on Target: Purple Rock Infra Private Limited is in the business of infrastructure projects. It was incorporated on 10th March, 2024, and has its registered office at B-1/E-14, Mohan Co-Operative Industrial Area, Mathura Road, New Delhi, 110044. Its authorized share capital is ₹10,00,000 and paid-up capital is ₹10,00,000. Its turnover for FY 2024-25 was Nil. Financial statements for the Financial Year ended 31st March 2026 (FY 2025-26) were not finalized as of the date of this disclosure.
Governmental/Regulatory Approvals: Not Applicable (N.A.)
Time Period for Completion: Within 60 days.