7NR Retail Limited has scheduled an Extraordinary General Meeting (EGM) for July 11, 2026, at 3:00 PM IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to seek shareholder approval for the appointment of Mr. Dilipbhai Vitthaladas Patel as a Non-Executive and Non-Independent Director.

The Board of Directors approved the decision to convene the EGM during a meeting held on June 18, 2026. Mr. Dilipbhai Vitthaladas Patel was initially appointed as an Additional Director on April 14, 2026, and his term expires at this General Meeting. The resolution proposes his appointment as a Non-Executive and Non-Independent Director, liable to retire by rotation, pursuant to Sections 152, 160, and 161 of the Companies Act, 2013.

Key Meeting Details

The company has appointed National Securities Depository Limited (NSDL) as the agency to facilitate remote e-voting. Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of July 3, 2026, are eligible to vote. The facility for appointing proxies is not available due to the VC/OAVM mode of the meeting.

Mr. Gaurav Bachani, Proprietor of M/s. Gaurav Bachani & Associates, Company Secretaries, has been appointed as the Scrutinizer to ensure the voting process is conducted fairly. The regulatory disclosure was made pursuant to Regulation 30 of the SEBI (LODR) Regulation, 2015, and was signed by Chetan Kumar Ojha, Managing Director of 7NR Retail Limited.

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.