7NR Retail Limited issued a corrigendum dated August 01, 2026 to the notice of its 14th Annual General Meeting scheduled for August 07, 2026. The corrigendum provides amendments and clarifications to Resolution No. 6 regarding a preferential share issue for acquisition.

Acquisition Details

The company proposes to acquire 90,00,000 equity shares (100% stake) of Cultureantique Jewellery Private Limited (CJPL) through a share swap arrangement. CJPL is engaged in manufacturing and trading of gold and silver jewellery with registered office at 4th F. 413, Ten-11, Nr. Union Bank, C.G. Road, Navrangpura, Ahmedabad - 380009.

Valuation and Consideration

Navin Khandelwal, Chartered Accountant and Registered Valuer (IBBI/RV/05/2019/10779), valued CJPL at ₹89,63,75,140 (Rupees Eighty-Nine Crore Sixty-Three Lakhs Seventy-Five Thousand One Hundred Only). The purchase consideration of ₹90,00,00,000 will be discharged by issuing 9,00,00,000 equity shares of ₹10 face value each.

Share Swap Ratio

The swap ratio is 10:1 - proposed allottees will receive 10 equity shares of ₹10 each of 7NR Retail for every 1 share of ₹100 face value of CJPL.

Preferential Allotment Details

The company will issue 9,00,00,000 equity shares at ₹10 per share (determined under SEBI ICDR Regulations) to 11 allottees. The relevant date for price determination is July 08, 2026.

Allottee Changes

One allottee name was corrected: Kokilaben Vinodchandra Patel (Individual) replaces Umesh Mukundbhai Patel (Individual) at Serial No. 8.

Shareholding Pattern Impact

Pre-issue share capital: 2,80,06,800 shares (100%)

Post-issue share capital: 11,80,06,800 shares (100%)

Promoter holding remains at 0% both pre and post-issue.

Non-promoter individual holding changes from 94.06% (2,63,43,708 shares) to 42.32% (4,99,41,708 shares)

Non-promoter body corporate holding changes from 1.75% (4,90,511 shares) to 56.69% (6,68,92,511 shares)

Rationale

The acquisition aims to expand business operations, diversify existing business without impacting cash reserves, and unlock shareholder wealth through new growth synergies.