7NR Retail reported a 54.4% decline in net profit to ₹14.93 crore for the fiscal year ended March 31, 2026, compared to ₹32.77 crore in the previous year. Revenue from operations fell 41.1% to ₹1,264.02 crore from ₹2,146.91 crore in FY25. The company’s board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published a newspaper advertisement of the audited financial results on May 28, 2026, in the Financial Express and a regional Gujarati newspaper.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹31.77 crore, contrasting with a net profit of ₹130.10 crore in the same period last year. Revenue from operations for the quarter stood at ₹(40.00) lakh, a significant drop from ₹1,492.18 lakh in Q4FY25. Total income for the quarter was ₹72.27 lakh, down from ₹1,535.84 lakh in the prior year quarter.

The board reviewed the audit report issued by the statutory auditor, S S R V & Associates. The financial results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was convened in compliance with Regulation 29 of the SEBI regulations.

Financial Performance

The company’s total expenses for FY26 decreased to ₹1,372.50 crore from ₹2,113.20 crore in the previous year. Profit before tax for the year stood at ₹4.92 crore, a sharp decline from ₹42.66 crore in FY25. Basic and diluted earnings per share (EPS) for the year dropped to ₹0.05 from ₹0.12 in the prior year.

Balance Sheet and Cash Flow

As of March 31, 2026, the company’s total assets stood at ₹4,034.69 crore, slightly lower than ₹4,056.33 crore in the previous year. Total equity increased to ₹2,918.34 crore from ₹2,903.41 crore. Cash and cash equivalents improved to ₹54.16 crore from ₹45.01 crore.

Net cash generated from operating activities was negative at ₹(181.83) crore for FY26, compared to a positive ₹355.09 crore in the previous year. The company reported a net increase in cash and cash equivalents of ₹10.39 crore during the year.

7nr retail Limited held a board meeting on April 14, 2026, at its registered office, announcing key changes in its directorship structure. The meeting addressed several important corporate governance matters in compliance with SEBI regulations, with detailed filings submitted to BSE Limited under Regulation 30.

Director Appointment and Profile

The board approved the appointment of Mr. Dilipbhai Vitthaldas Patel (DIN: 11661239) as Additional Non-Executive and Non-Independent Director, effective April 14, 2026. This appointment was recommended by the Nomination and Remuneration Committee and is subject to regularization by company members in the upcoming General Meeting.

Director Resignation

Simultaneously, the board accepted the resignation of Mr. Avantinath Anilkumar Raval (DIN: 07686783) from his position as Non-Executive and Non-Independent Director, effective from the closure of working hours on April 14, 2026. Mr. Raval cited pre-occupation and other professional commitments as the basis for his resignation.

Committee Reconstitution

The board approved the reconstitution of two key committees effective April 15, 2026. The Nomination and Remuneration Committee will be chaired by Ms. Krishna Hareshbhai Bhatt, with Ms. Hiral Vinodbhai Patel and Mr. Dilipbhai Vitthaldas Patel serving as members.

The Stakeholder Relationship Committee will be headed by Mr. Dilipbhai Vitthaldas Patel as Chairman, with Ms. Krishna Hareshbhai Bhatt and Mr. Chetan Kumar Ojha as members. These changes ensure continued compliance with corporate governance requirements while maintaining operational efficiency.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed annexures containing complete information about both the appointment and resignation have been submitted to BSE Limited, ensuring transparency and regulatory compliance throughout the transition process. The filing was digitally signed by Chairman & Managing Director Chetan Kumar Ojha (DIN: 09706197).