Intimation of In-principle approval received for Rights Issue of fully paid-up Equity Shares by the Company.
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7NR Retail Ltd has received in-principle approval from BSE Limited (dated 15th May 2025) for its proposed Rights Issue of fully paid-up Equity Shares. The approval was granted based on the company's application submitted on 29th March 2025. The filing does not mention key details such as the issue size, rights ratio, or issue price — these are expected to be disclosed later, at least 3 working days before the record date. The company is now required to complete further statutory and listing formalities, including getting the Basis of Allotment approved and finalizing the Letter of Offer. This is a procedural milestone and not the actual launch of the rights issue.
Existing shareholders may get an opportunity to buy additional shares in proportion to their current holdings, but the price, ratio, and size of the issue have not been announced yet. Investors should wait for further disclosures (Letter of Offer) before evaluating whether to participate.