BSECompany Update5 Nov 2026 · 5 Nov 2026, 03:27 pm
Statement of Deviation and Variation for the quarter ended 30th September, 2026
JHS Svendgaard Retail Ventures Ltd · 544197
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JHS Svendgaard Retail Ventures Ltd has filed a statement of deviation and variation in the utilization of funds raised through a preferential issue for the quarter ended September 30, 2026. The company has utilized 50% of the funds raised for working capital requirements, 81.51% for capital expenditure, and 0% for general corporate purposes. The statement is available on the company's website.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10
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JHS Svendgaard Retail Ventures Ltd - 544197 - Statement Of Deviation And Variation For The Quarter Ended 30Th September, 2026
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JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
To Date: November 05, 2026
The Listing Department The Listing Department
Bombay Stock Exchange Limited National Stock Exchange of India Limited
Department of Corporate Services Exchange Plaza, C-1, Block-G
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex
Dalal Street, Mumbai – 400001 Mumbai – 400051
Scrip Code: 544197 Trading Symbol: RETAIL
Subject: Statement of Deviation or Variation in utilization of funds raised under Regulation
32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for
the Quarter and Half Year ended September 30, 2026.
Dear Sir,
Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended, please find enclosed herewith the Statement of
Deviation or variation of utilization of funds raised through Preferential Issue by the
Company, for the Quarter and Half year ended September 30th, 2026 approved by Board
of Directors of the Company at its meeting held on November 05th, 2026.
This information is available on the website of the Company viz., www.jhsretail.com.
Kindly take the same on records.
Thanking You,
For JHS Svendgaard Retail Ventures Limited
Kuldeep Jangir
Company Secretary & 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: cs@jhsretail.com Contact No. 011-41422075
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
Statement of Deviation / Variation in utilization of Funds Raised
Particulars Details
Name of listed entity JHS Svendgaard Retail Ventures Limited
Mode of Fund Raising Preferential Issue
Date of Raising Funds 27th September 2024
Amount Raised Rs. 38.85 crores
Report filed for Quarter ended September 30, 2026
Monitoring Agency N.A.
Monitoring Agency Name, if
N.A.
applicable
Is there a Deviation / Variation in use
of funds raised
If yes, whether the same is pursuant to
change in terms of a contract or
N.A.
objects, which was approved by the
shareholders
If Yes, Date of shareholder Approval N.A.
Explanation for the Deviation /
Variation
Comments of the Audit Committee
after review
Comments of the auditors, if any NIL
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: cs@jhsretail.com Contact No. 011-41422075
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
(Rs.In Lakhs)
Amount of
Deviation/Variati
Modified Modified
Sr. Original Funds on for the quarter
Original Object Object, allocation,
No. Allocation Utilized according to
if any if any
applicable
object
1 To meet the Working Capital N.A. 582.85 0.00 50.00 0.00
requirements of the
Company.
2 To meet the Capital N.A. 388.56 0.00 81.51 0.00
expenditure needs of the
Company (including
development, refurbishment
and renovation expenses of
e xisting assets).
3 To meet fund requirements N.A. 2331.41 0.00 1310.4 0.00
for enhancement of 6
operational capabilities of
the Company (organic or
inorganic) either through
investments, acquisitions,
financing of business
opportunities, strategic
initiatives
4. General Corporate Purpose N.A. 582.85 0.00 166.95 0.00
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: cs@jhsretail.com Contact No. 011-41422075
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
Statement of Deviation / Variation in utilization of Funds Raised
Particulars Details
Name of listed entity JHS Svendgaard Retail Ventures Limited
Mode of Fund Raising Preferential Issue
Date of Raising Funds 05th March 2025
Amount Raised Rs. 13.14 crores
Report filed for Quarter ended September 30, 2026
Monitoring Agency N.A.
Monitoring Agency Name, if applicable N.A.
Is there a Deviation / Variation in use of
funds raised
If yes, whether the same is pursuant to
change in terms of a contract or
N.A.
objects, which was approved by the
shareholders
If Yes, Date of shareholder Approval N.A.
Explanation for the Deviation / Variation NIL
Comments of the Audit Committee after
review
Comments of the auditors, if any NIL
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: cs@jhsretail.com Contact No. 011-41422075
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
(In Lakhs)
Amount of
Deviation/Variat
Modified Modified ion for the
Original Original Funds
Sr. No. Object, if allocation, quarter
Object Allocation Utilized
any if any according to
applicable
object
Acquisition or
1 Strategic N.A. 657.00 0.00 250.00 0.00
Investment
Business
2 N.A. 328.50 0.00 55.00 0.00
Expansion
General
3 corporate N.A. 328.50 0.00 13.02 0.00
purpose
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: cs@jhsretail.com Contact No. 011-41422075
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
Statement of Deviation / Variation in utilization of Funds Raised
Particulars Details
Name of listed entity JHS Svendgaard Retail Ventures Limited
Mode of Fund Raising Preferential Issue
Date of Raising Funds 30th April 2026
Amount Raised Rs. 8.26 crores
Report filed for Quarter ended September 30, 2026
Monitoring Agency N.A.
Monitoring Agency Name, if
N.A.
applicable
Is there a Deviation / Variation in use
of funds raised
If yes, whether the same is pursuant to
change in terms of a contract or
N.A.
objects, which was approved by the
shareholders
If Yes, Date of shareholder Approval N.A.
Explanation for the Deviation /
Variation
Comments of the Audit Committee
after review
Comments of the auditors, if any NIL
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: cs@jhsretail.com Contact No. 011-41422075
JHS SVENDGAARD RETAIL VENTURES LIMITED
CIN: L52100HR2007PLC093324
(In Lakhs)
Amount of
Deviation/Variat
Modified Modified ion for the
Original Original Funds
Sr. No. Object, if allocation, quarter
Object Allocation Utilized
any if any according to
applicable
object
Business
N.A. 206.56 0.00 0.00 0.00
Expansion
Acquisition or
2 Strategic N.A. 413.13 0.00 0.00 0.00
Investment
General
3 corporate N.A. 206.56 0.00 0.00 0.00
purpose
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: cs@jhsretail.com Contact No. 011-41422075