7NR Retail Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2025 ,inter alia, to consider and approve Pursuant to Regulation 29(1) of ....
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7NR Retail Ltd has called a Board meeting on 26th May 2025 at 3:00 PM to consider and approve a Rights Issue of equity shares. The Board will decide the issue price per share, the rights entitlement ratio, and the terms of payment. It will also fix a Record Date to identify shareholders eligible for the Rights Issue. The insider trading window has been closed from 21st May 2025 until 48 hours after the meeting concludes. No specific pricing, ratio, or issue size has been disclosed yet — these will be decided at the meeting.
This is a pre-announcement of a potential equity-raising event. If the Rights Issue is approved at a price below the current market value, existing shareholders may face dilution unless they subscribe to their entitlement. Investors should watch for the post-meeting announcement on 26th/27th May for the actual issue price and entitlement ratio, as these will determine the stock's near-term direction.