7NR Retail Ltd — Updates, 22-07-2025: Company Update

7NR Retail has announced that its board has cancelled the proposed Rights Issue. The company had planned to raise Rs. 28.01 Cr through this issue, but it did not receive the minimum required subscriptions. This decision means the company's earlier fund-raising plan will not proceed, impacting its capital allocation and potentially affecting future business initiatives that relied on these funds.