JHS Svendgaard Laboratories Limited (BSE:532771) announced the spin off of JHS Svendgaard Retail Ventures Private Limited to the shareholders of JHS Svendgaard Laboratories Limited on October 9, 2020. The ratio of 1 Equity Share for every 10 Equity Share each held by them in the JHS Svendgaard Laboratories Limited. On completion, JHS Svendgaard Retail Ventures would be listed on BSE Limited and National Stock Exchange of India Limited.

JHS Svendgaard Retail Ventures generated turnover of INR 26.4 million with the net worth of INR 59.4 million for the year ended March 31, 2020. As on December 14, 2022, National Company Law Tribunal, Chandigarh Bench heard the case and he next date of hearing for obtaining sanction of Composite Scheme of Arrangement for Demerger and Amalgamation is on Wednesday, March 1, 2023.The transaction is subject to the approval of National Company Law Tribunal (NCLT) of relevant jurisdiction, Securities Exchange Board of India (SEBI), Stock Exchange, Shareholders and Creditors of all the Companies. The board of JHS Svendgaard Laboratories approved the transaction on October 9, 2020.

As of August 10, 2023, NCLT has approved the transaction. As of August 28, 2023, The record date has been set at September 7, 2023. As of September 8, 2023, the record date is September 11, 2023.