Submission of Voting results of EGM held on 20th June, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
7NR Retail Limited held an Extra-Ordinary General Meeting on June 20, 2025 via video conferencing, where two ordinary resolutions were passed. Resolution 1 approved an increase in Authorised Share Capital and alteration of the Capital clause in the Memorandum of Association. Resolution 2 approved the appointment of Statutory Auditors. Both resolutions passed with overwhelming support — 99.99% of votes polled were in favour, with only 70 votes against out of 13,43,545 votes cast. However, shareholder participation was very low, with only 4.80% of outstanding shares (28,006,800 total) being voted. A total of 36,829 shareholders were on the record date, but only 2 promoter group members and 30 public shareholders attended via VC.
Both resolutions were approved comfortably, clearing the way for the company to raise its authorised share capital and formally appoint its statutory auditors. The extremely low voting turnout (~4.8%) means these outcomes were driven by the promoter group, though no resolution was defeated. Shareholders should monitor any further announcements regarding the actual issuance of new shares under the expanded authorised capital.