7NR Retail board approves stock split

The Board of Directors of 7NR Retail Limited in their meeting held today i.e. 21st February, 2022 at the Registered Office of the Company which commenced at 5:00 P.M. and concluded at 6:00 P.M. has considered and approved the Split / Sub-division of Equity Shares of the Company from face value of Rs. 10/- each to face value of Rs. 1/- each subject to the approval of Members of the Company. The record date for the Split / Sub-division of Equity Shares will be announced in due course.

The board has considered and approved increase in Authorised Share Capital from Rs. 11,00,00,000/- (Rupees Eleven Crores Only) to Rs. 26,00,00,000/- (Rupees Twenty Six Crores Only).

The board also considered and approved alteration of object clause in the Memorandum of Association of the Company.

The board also considered and approved raising of funds upto Rs. 5.00 Crores by way of issue of new Equity Shares through Preferential allotment to Non-Promoters (Body Corporates).

The board also considered and approved alteration of object clause in the Memorandum of Association of the Company.

Shares of 7NR Retail Ltd was last trading in BSE at Rs. 17.55 as compared to the previous close of Rs. 17.85. The total number of shares traded during the day was 59186 in over 300 trades.

The stock hit an intraday high of Rs. 19.00 and intraday low of 17.30. The net turnover during the day was Rs. 1080050.00.

Source : Equity Bulls

Keywords

7NRRetail INE413X01019 StockSplit SubDivision FundRaising