StockWatch
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Speciality Retail
AGM/EGM1 Aug 2026, 05:20 pm

7NR Retail Issues Corrigendum for AGM Notice, Clarifies Valuation and Swap Ratio

AI Summary

7NR Retail Limited has issued a corrigendum to its 14th Annual General Meeting (AGM) notice, originally dated July 16, 2026. The corrigendum clarifies amendments related to Resolution No. 6 and its Explanatory Statement. Key updates include the name and address of the valuer, Navin Khandelwal. The valuation of Cultureantique Jewellery Private Limited is set at ₹89,63,75,140. The company proposes to issue 9,00,00,000 equity shares of ₹10 face value each on a preferential basis to discharge the purchase consideration. The swap ratio is 10 equity shares of the acquirer for 1 share of the target company. The company also confirms its equity shares are frequently traded as per SEBI ICDR Regulations and provides updated information on the current and proposed status of allottees, along with a notice as per Regulation 163 of SEBI (ICDR), 2018. A change in the name of a proposed allottee, Kokilaben Vinodchandra Patel, is also noted.

Key Highlights

  • AGM notice amended to clarify valuation and swap ratio details.
  • Valuation of Cultureantique Jewellery at ₹89.64 Cr.
  • 9 Cr equity shares to be issued on preferential basis.
  • Swap ratio: 10 acquirer shares for 1 target share.
  • Name of a proposed allottee has been updated.