7NR Retail Ltd — Important, 08-07-2026: Company Update

The company's board has approved a significant business expansion and capital restructuring. It will increase its authorized share capital from 28.01 Cr to 118.01 Cr, subject to shareholder approval. This move supports the acquisition of 100% equity in Cultureantique Jewellery Private Limited (CJPL) for 90 Cr, paid via a share swap of 9 Cr new equity shares. This acquisition diversifies the company into manufacturing and trading gold, silver, and jewellery, making CJPL a wholly-owned subsidiary. The board also approved expanding its core business activities in the Memorandum of Association and appointed a new Internal Auditor. The 14th Annual General Meeting will be held to approve these proposals.