7NR Retail Ltd: Promoter Reclassification Approved by Board

7NR Retail Ltd's Board of Directors has approved the reclassification request of Mr. Umang Vijaykumar Trivedi from 'Promoter' to 'Public' category. This decision, made in compliance with SEBI Listing Regulations, is subject to BSE Limited's approval. The reclassification is permissible as the promoter and related parties hold less than 1% of the total voting rights and do not exercise control over the company's affairs. This move is not expected to impact other shareholders.