7NR Retail accepted the resignation of Pradeepsingh Shekhawat as Chief Financial Officer effective August 20, 2026. The departure follows his decision to pursue new career opportunities.

The company disclosed the change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Shekhawat confirmed there are no other material reasons for his resignation besides those provided in his letter.

Resignation Details

Mr. Shekhawat tendered his resignation with effect from the closure of business hours on August 20, 2026. He expressed gratitude to the Board of Directors for their support and guidance during his tenure.

Regulatory Compliance

The intimation was submitted to BSE Limited by Hit Shah, Managing Director of 7NR Retail Limited. The company affirmed that all necessary forms and intimations would be submitted to the Registrar of Companies and BSE.

7nr retail has issued a corrigendum to its Annual General Meeting (AGM) notice, clarifying details regarding a proposed preferential allotment of 9,00,00,000 equity shares to acquire a 100% stake in Cultureantique Jewellery Private Limited (CJPL). The transaction, valued at ₹90 crore, will be executed through a share swap arrangement rather than cash consideration. Shareholders will vote on this special resolution during the AGM scheduled for Friday, August 07, 2026, via Video Conferencing or Other Audio-Visual Means.

The primary objective of the issue is to discharge the purchase consideration for CJPL, a company engaged in the manufacturing and trading of gold and silver jewellery. According to the explanatory statement, the acquisition is a strategic initiative aimed at diversifying business operations and enhancing market position without impacting the company’s cash reserves. The Board of Directors believes the move aligns with growth strategies and unlocks shareholder wealth through new synergies.

Transaction Structure and Valuation

The valuation report, conducted by Navin Khandelwal, Chartered Accountant and Registered Valuer (Registration No. IBBI/RV/05/2019/10779), determined the total equity valuation of CJPL at ₹89,63,75,140. Based on this valuation, 7NR Retail will issue equity shares with a face value of ₹10 each to the proposed allottees. The swap ratio is set at 10 equity shares of 7NR Retail (₹10 face value) for every 1 share of CJPL (₹100 face value).

The issue price of ₹10 per equity share was determined in accordance with Regulation 164 read with Regulation 166A of the SEBI (ICDR) Regulations, 2018. The relevant date for price determination was July 08, 2026. The company confirms that its equity shares are frequently traded on BSE Limited, satisfying the eligibility criteria under SEBI ICDR Regulations.

Proposed Allottees and Shareholding Impact

The preferential allotment is proposed to 11 non-promoter allottees. A key amendment in the corrigendum replaces Umesh Mukundbhai Patel with Kokilaben Vinodchandra Patel as a proposed allottee. All allottees are categorized as non-promoters both pre- and post-issue. No change in management or control of 7NR Retail is expected following the transaction.

Regulatory Compliance and Timeline

The allotment must be completed within 15 days from the date of passing the special resolution, or within 15 days of receiving any pending regulatory approvals. The issued shares will rank pari passu with existing equity shares and be subject to lock-in periods as specified under Chapter V of the SEBI ICDR Regulations. The company has obtained a certificate from a Practicing Company Secretary confirming compliance with SEBI ICDR Regulations. None of the directors or key managerial personnel have an interest in this resolution.