7NR Retail Ltd — Updates, 16-05-2025: Company Update

7NR Retail Limited has announced a board meeting to discuss a proposed Rights Issue of fully paid-up equity shares. The company has received in-principle approval from BSE Limited to proceed with the Rights Issue and to use the exchange's name in its offer documents and related advertisements, subject to specified disclaimers. This move aims to raise capital, supporting the company’s growth plans. Shareholders will be given the option to subscribe, with shares available in dematerialized form. Completion of legal and statutory formalities will follow before the new shares are listed on the exchange.