Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the 13th Annual General Meeting ....
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7NR Retail Limited (BSE: 540615) filed its Annual Report for FY 2024-25 along with the Notice for its 13th AGM, scheduled for Wednesday, 10th September 2025 at 4:00 PM via video conferencing. The company's revenue from operations nearly doubled to Rs. 2,146.91 lakhs in FY25 from Rs. 1,162.16 lakhs in FY24, an increase of about 85%. It swung back to profitability with a profit before tax of Rs. 22.95 lakhs versus a loss of Rs. 88.57 lakhs in the previous year. AGM agenda includes re-appointment of Managing Director Chetan Kumar Ojha, appointment of SSRV & Associates as statutory auditor for 5 years, appointment of Jay Pandya & Associates as secretarial auditor, and regularization of independent director Krishna Hareshbhai Bhatt. Shareholders will also vote on cancelling a prior resolution to double authorised share capital, since the planned Rs. 28 crore rights issue failed to meet the 90% minimum subscription threshold and is not proceeding.
Strong revenue growth and a return to profit are positive signs for shareholders. However, the abandoned rights issue and withdrawal of the authorised capital hike indicate the company could not raise planned equity capital, which may limit expansion plans. Investors should watch the AGM voting outcomes, particularly the auditor appointments and director regularization.