Board approves Rs 90 crore share swap to acquire Cultureantique Jewellery
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
7NR Retail board approved acquiring 100 percent of Cultureantique Jewellery Pvt Ltd for Rs 90 crore via share swap, issuing 9 crore equity shares at Rs 10 each. CJPL will become a wholly owned subsidiary. To enable this, authorized share capital raised from Rs 28 crore to Rs 118 crore. MOA amended to add jewellery manufacturing and trading as a main object. Board also approved the preferential allotment, appointed Soni and Patel as internal auditor for FY26-27, and set the 14th AGM for 7 August 2026 via video conferencing.
Massive share issuance dilutes existing holders sharply; diversification into jewellery adds new revenue stream but adds execution and integration risk in the near term.