7nr retail announced that Independent Director Mr. Pranav Manoj Vajani ceased to be a director of the company with effect from the close of business hours on July 3, 2026. This cessation follows the completion of his first term of five consecutive years on the board. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Pranav Manoj Vajani expressed his appreciation for the opportunity to serve on the Board of 7NR Retail Limited during his tenure. The company confirmed that the change was due solely to the completion of his term and not due to any other factors such as resignation or removal.

Details of the Change

The company provided specific details regarding the director's cessation in an annexure to the regulatory filing. The table below outlines the key particulars of the change:

The filing was signed by Chetan Kumar Ojha, Managing Director of 7NR Retail Limited, on July 9, 2026. The company requested the exchange to take the information on record.

7nr retail submitted an application to BSE Limited on July 9, 2026, to reclassify Mr. Umang Vijaykumar Trivedi from the 'promoter' category to the 'public' category. The filing was made by Chetan Kumar Ojha, Managing Director, pursuant to Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This reclassification follows a board approval process and a request submitted by Mr. Trivedi.

The Board verified that the reclassification does not require shareholder approval as Mr. Trivedi, along with persons related to him, holds not more than 1% of the total voting rights in the company. The company confirmed it meets the minimum public shareholding requirements under Regulation 38 of the SEBI LODR Regulations. Additionally, the company stated that its share trading is not suspended by BSE and there are no outstanding dues to SEBI, BSE, or depositories.

Mr. Trivedi confirmed he currently holds 0 equity shares, representing 0.00% of the paid-up share capital. He provided undertakings confirming that he and his immediate relatives do not hold more than 10% of the paid-up equity share capital or voting rights, nor do they exercise control over the company's affairs. He also verified that he holds no position on the Board of Directors or as Key Managerial Personnel and is not a wilful defaulter or fugitive economic offender.

The applicant agreed to comply with specific conditions of Regulation 31A(3) of the SEBI LODR Regulations. He undertook to maintain compliance with sub-clauses (i), (ii), and (iii) of clause (b) at all times following the reclassification. Furthermore, he committed to complying with sub-clauses (iv) and (v) for a period of not less than three years from the date of reclassification.

The shareholding details of the promoter group individual seeking reclassification are as follows:

Upon receiving BSE approval, the company will effect this reclassification in the statement of shareholding pattern for the immediate succeeding quarter under Regulation 31 of the SEBI LODR Regulations.