7NR Retail

7NR Retail scheduled a board meeting for September 10, 2026, to consider taking on record BSE’s in-principle approval for a preferential issue of 9 crore equity shares with a face value of ₹10 each. The shares were proposed to be allotted to members of Cultureantique Jewellery Private Limited through a non-cash share swap as consideration for the acquisition of CJPL.

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Aug 20 (Reuters) - 7NR Retail Ltd NRRE.BO:

• PRADEEPSINGH SHEKHAWAT RESIGNS AS CFO EFFECTIVE AUGUST 20, 2026

Source text: ID:nBSEbcwX4y

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July 16 (Reuters) - 7NR Retail Ltd NRRE.BO:

• 7NR RETAIL - CHETAN KUMAR OJHA RESIGNS AS MANAGING DIRECTOR CUM CHAIRPERSON EFFECTIVE JULY 16, 2026

Source text: ID:nBSE8htM8V

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7NR Retail’s board on Tuesday approved the acquisition of Cultureantique Jewellery Private Limited for ₹90 crore in a share swap deal, signaling a dramatic pivot into the jewellery business for the nano-cap textile trader. The company will issue 9 crore new equity shares to the target’s shareholders at a face value of ₹10 each as full payment, representing more than a 300% dilution of the current equity base of about 2.8 crore shares. To enable the transaction, the board also approved a ₹90 crore increase in authorised share capital to ₹118 crore and the alteration of the memorandum of association to permit jewellery manufacturing and trading. The acquisition, which is subject to shareholder and regulatory approvals, would make the target a wholly-owned subsidiary.

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7NR Retail plans to acquire 100% of Cultureantique Jewellery Private Limited via a share swap, according to a board meeting notice on Friday. The board will meet on July 8 to approve the acquisition price, issue equity shares as consideration, and call an extraordinary general meeting to ratify the transaction. No valuation figure was disclosed. The acquisition would mark a strategic move into the jewellery sector for the nano-cap textile trader.

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7NR Retail promoter Umang Trivedi sold another 6,00,000 equity shares, representing 2.14% of the company's paid-up capital, on June 19, 2026. The transaction, executed through the stock exchange, reduced his stake from 6.01% to 3.87%. This is the second sale by the promoter in three days, following a 2.61% stake sale on June 17 that took his holding down from 8.62%. The company has a market capitalisation of around ₹16 crores and 2.80 crore shares outstanding.

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7NR Retail promoter Umang Trivedi sold 7,30,230 equity shares, representing 2.61% of the company's total paid-up capital, in an off-market transaction on June 17, 2026. His stake fell from 8.62% to 6.01% following the sale. The company has a market capitalisation of around ₹16 crores and 2.80 crore shares outstanding.

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March 26 (Reuters) - 7NR Retail Ltd NRRE.BO:

• 7NR RETAIL - TO CONSIDER ISSUE OF SHARES ON RIGHTS BASIS

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July 17 (Reuters) - 7NR Retail Ltd NRRE.BO:

• ACQUIRES 8.62% STAKE IN M/S. MAGENTA LIFECARE

• WITH THE INVESTMENT, CO AIMS TO ENTER INTO BUSINESS OF HOME DECOR PRODUCTS

Source text for Eikon: ID:nBSE1gLd3l

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Adds details on stock manipulation, SEBI's caution and details of its past actions

BENGALURU, June 21 (Reuters) - India's markets regulator on Wednesday issued an interim restraining order on 135 entities accessing the securities market and fined them about 1.26 billion rupees ($15.36 million for making wrongful gains from alleged stock manipulation of small-cap companies through bulk messages.

In its investigation, the Securities and Exchange Board of India (SEBI) found a set of entities manipulating shares of five listed companies - Mauria Udyog MAUR.BO, 7NR Retail NRRE.BO, Darjeeling Ropeway Co DARJ.BO, GBL Industries GBLI.BO and Vishal Fabrics VIFA.NS.

The entities first pushed up stock prices by trading among themselves and followed it up by sending "buy" recommendations to the public through bulk messages via texts and websites, the regulator said.

As the stocks rose, the entities booked substantial gains which were transferred back through a web of entities, the SEBI added.

The regulator also issued a caution for the wider public.

"General public is cautioned to be aware of such fraudulent activities being carried out through SMS messages, various websites, social media like Telegram, Instagram, YouTube and are further advised to deal only with SEBI registered intermediaries," it said.

SEBI has already been cracking the whip on false stock recommendations through social media platforms, and had, in April, barred six individuals from the securities market for one to three years for passing false tips on Telegram.

The regulator also plans to strengthen its norms to prevent suspicious trading activities, typically associated with front running, insider trading and share price manipulation.

($1 = 82.0154 Indian rupees)

(Reporting by Ira Dugal in Mumbai and Sethuraman NR in Bengaluru; Editing by Sohini Goswami)

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