7nr retail board approved the preferential allotment of 9 crore equity shares on September 10, 2026, to acquire Cultureantique Jewellery Private Limited (CJPL). The transaction discharges a total purchase consideration of ₹90 crore through a share swap mechanism, making CJPL a subsidiary.

The company completed the allotment to various non-promoter entities and individuals for consideration other than cash. Shree Nathji Cold Storage Private Limited emerged as the largest single allottee, acquiring 1.69 crore shares (14.40% stake). Arha Online Marketing Private Limited acquired 1.62 crore shares (13.73% stake). Kinjalben Maulik Patel also acquired 45 lakh shares, representing a 3.81% stake.

Transaction Details

The equity shares have a face value of ₹10 each. The allotment occurred on a preferential basis to non-promoters. The company acquired 100% of the paid-up equity share capital of CJPL.

The move complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hit Shah, Managing Director, signed the intimation letter.

Allottee Breakdown

Briny Digitalize Private Limited received 1.70 crore shares, representing a 14.41% stake in the post-issue capital. Shree Nathji Cold Storage Private Limited received 1.69 crore shares, representing a 14.40% stake. Arha Online Marketing Private Limited received 1.62 crore shares, representing a 13.73% stake. Varcas Decor Private Limited also received significant tranches of 16.2 million shares. Kinjalben Maulik Patel received 45 lakh shares, accounting for 3.81% of the post-issue capital.

Additionally, Chandrikaben Kanubhai Patel acquired 45 lakh shares, representing a 3.81% stake in the post-issue capital. This acquisition was part of the same preferential allotment for consideration other than cash.

Maulik Patel also acquired 45 lakh shares, representing a 3.81% stake in the post-issue capital. This acquisition was part of the same preferential allotment for consideration other than cash.

Regulatory Disclosure

Shree Nathji Cold Storage Private Limited filed a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, on September 11, 2026. The filing confirms the acquisition of 1,69,92,000 equity shares via preferential allotment for consideration other than cash. Prior to this acquisition, Shree Nathji held no shares in 7NR Retail. Post-acquisition, its holding stands at 14.40% of the total voting capital.

Arha Online Marketing Private Limited filed a separate disclosure under Regulation 29(1) on September 11, 2026. The filing confirms the acquisition of 1,62,00,000 equity shares via preferential allotment for consideration other than cash. Prior to this acquisition, Arha Online Marketing held no shares in 7NR Retail. Post-acquisition, its holding stands at 13.73% of the total voting capital.

Kinjalben Maulik Patel filed a disclosure under Regulation 29(2) on September 11, 2026. The filing confirms the acquisition of 45,00,000 equity shares via preferential allotment for consideration other than cash. Prior to this acquisition, Patel held no shares in 7NR Retail. Post-acquisition, her holding stands at 3.81% of the total voting capital.

Chandrikaben Kanubhai Patel filed a disclosure under Regulation 29(2) on September 11, 2026. The filing confirms the acquisition of 45,00,000 equity shares via preferential allotment for consideration other than cash. Prior to this acquisition, she held no shares in 7NR Retail. Post-acquisition, her holding stands at 3.81% of the total voting capital.

Maulik Patel filed a disclosure under Regulation 29(2) on September 11, 2026. The filing confirms the acquisition of 45,00,000 equity shares via preferential allotment for consideration other than cash. Prior to this acquisition, he held no shares in 7NR Retail. Post-acquisition, his holding stands at 3.81% of the total voting capital.

The paid-up capital of 7NR Retail increased from ₹28.01 crore (2,80,06,800 shares) to ₹118.01 crore (11,80,06,800 shares).

Strategic Rationale

CJPL operates in the manufacturing and trading of gold and silver jewellery. The acquisition aims to diversify 7NR Retail’s existing business and strengthen operations. The target entity reported a turnover of ₹94.95 crore in FY26, up from ₹40.83 crore in FY25 and ₹40.13 crore in FY24.

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.