7NR Retail Ltd — Others, 22-07-2025: Others

7NR Retail's board has approved the cancellation of its proposed Rights Issue. This strategic move was intended to raise Rs. 28.01 Cr by offering new equity shares to existing shareholders. However, the company faced a hurdle by not securing the minimum required subscription. As a result, the Rights Issue cannot proceed as planned. This development means the company's immediate capital raising efforts through this channel will not materialize, impacting its funding outlook. Investors should note this change in the company's financial strategy.