7NR Retail board approves shift of registered office to Ahmedabad

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Board approves moving registered office to Navrangpura, Ahmedabad
  • Change effective from September 16, 2026
  • Disclosure made under Regulation 30(6) of SEBI LODR Regulations
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The board of directors of 7NR Retail approved a change in the company’s registered office address during a meeting held on September 16, 2026. The new location is situated in Navrangpura, Ahmedabad.

The corporate action was disclosed pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 5:00 pm and concluded at 5:45 pm at the company’s existing registered office.

Address Change Details

The company will relocate its registered office from its current premises in Narol, Ahmedabad, to a new address within the local limits of the city. The change is effective from September 16, 2026.

Detail Information
Old Address Godown No-1, 234/1+234/2, FP-69/3, Sadashiv Kanto, B/h Bajaj Process, Narol Chokdi, Narol, Ahmedabad, Gujarat – 382 405
New Address 5th Floor, 509, TEN-11, Nr. Union Bank, C.G. Road, Navrangpura, Ahmedabad, Gujarat – 380 009
Effective Date September 16, 2026

Hit Shah, Managing Director of the company, signed the disclosure filed with BSE Limited.

Historical Stock Returns for 7NR Retail

1 Day5 Days1 Month6 Months1 Year5 Years
+4.26%+1.72%-0.70%+109.14%+52.80%+2.75%

Does the relocation to Navrangpura signal a strategic shift towards premium retail operations or corporate consolidation for 7NR Retail?

How might the move from Narol to a central Ahmedabad location impact the company's operational costs and logistics efficiency?

Are there any pending regulatory approvals or lease agreements associated with the new Navrangpura premises that could affect future timelines?

7NR Retail: Maulik Patel acquires 3.81% stake in Cultureantique deal

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Reviewed by
Riya DScanX News Team
Key Highlights
  • 7NR Retail allotted 9 crore shares for ₹90 crore to acquire Cultureantique Jewellery
  • Shree Nathji Cold Storage became largest allottee with 14.40% stake
  • Maulik Patel acquired 45 lakh shares, representing a 3.81% stake
  • Paid-up capital increased from ₹28.01 crore to ₹118.01 crore
  • Target CJPL reported FY26 turnover of ₹94.95 crore
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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.

Parameter Details
Issue Size 9 crore equity shares
Face Value ₹10 per share
Mode Preferential allotment (share swap)
Counterparty Cultureantique Jewellery Private Limited
Purchase Consideration ₹90 crore
Board Approval Date September 10, 2026

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.

Historical Stock Returns for 7NR Retail

1 Day5 Days1 Month6 Months1 Year5 Years
+4.26%+1.72%-0.70%+109.14%+52.80%+2.75%

How will the integration of Cultureantique Jewellery's operations impact 7NR Retail's consolidated revenue and profit margins in the upcoming fiscal year?

What is the expected timeline for regulatory approvals from SEBI and shareholders to finalize this preferential allotment?

Will the significant dilution of existing promoter stakes affect the company's voting control structure or future dividend policies?

More News on 7NR Retail

1 Year Returns:+52.80%