7NR Retail News

7NR Retail Reports Loss in Q1, Appoints New Independent Director and Secretarial Auditor

7NR Retail Limited reported a net loss of ₹10.50 lakhs for the quarter ended June 30, 2025, compared to a loss of ₹50.64 lakhs in the same quarter last year. Revenue from operations increased to ₹495.31 lakhs from ₹404.72 lakhs year-over-year. The company's earnings per share stood at -₹0.037 for the quarter. The Board appointed Ms. Krishna Hareshbhai Bhatt as Additional Non-Executive and Independent Director for 5 years, effective August 6, 2025, subject to shareholder approval. She is a qualified Company Secretary with over 5 years of experience in corporate law and governance. Additionally, M/S Jay Pandya & Associates was appointed as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30, pending shareholder approval. The firm specializes in company law, securities laws, and corporate governance services.

7NR Retail Reports Q1 Loss, Appoints New Independent Director and Reconstitutes Board Committees

7NR Retail Limited reported a net loss of ₹10.50 lakhs for Q1 2025, compared to a loss of ₹50.64 lakhs in Q1 2024. Revenue from operations increased to ₹495.31 lakhs from ₹404.72 lakhs year-over-year. The company's board approved the quarterly results and appointed Ms. Krishna Hareshbhai Bhatt as Additional Non-Executive Independent Director for five years, subject to shareholder approval. The board reconstituted its Audit, Nomination and Remuneration, and Stakeholder Relationship committees with the new director taking chairman roles in key committees. The company scheduled its 13th Annual General Meeting for September 10, 2025, and appointed Jay Pandya & Associates as Secretarial Auditors for five years from FY 2025-26 to FY 2029-30, pending shareholder approval.

7NR Retail Limited Cancels Rights Issue Worth Rs. 2,800.68 Lakhs Due to Insufficient Subscription

7NR Retail Limited has cancelled its rights issue that was intended to raise Rs. 2,800.68 lakhs through equity shares offered to existing shareholders. The rights issue was originally approved by the board on March 29, 2025. The company cancelled the issue due to non-receipt of minimum subscription as required under SEBI regulations. The board meeting to approve the cancellation was held on July 22, 2025.