Intimation of Approval Received for Re-classification.
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7NR Retail Ltd has received BSE approval to reclassify Mr. Agrawal Nikunj (holding 2,56,022 shares, 0.91%) from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Regulation 31A. Following this reclassification, the company's promoter holding will decrease from 10.96% (30,69,114 shares) to 10.05% (28,13,092 shares), while public holding will increase from 89.04% to 89.95%. The application for this reclassification was originally made on 13th January 2024, and the approval letter from BSE is dated 2nd September 2025.
This is a procedural reclassification with minimal impact on the stock — promoter holding reduces marginally by 0.91 percentage points to 10.05%, and the shareholder in question will now be treated as a public investor. Shareholders should note that promoters already hold a small stake in the company, and this move slightly further reduces that.