The Board of Directors of 7NR Retail Limited, at its meeting held today i.e., on 24th June, 2022, at the Registered Office of the Company, which commenced at 5:30 P.M. and concluded at 6:15 P.M., has allotted 1,19,50,000 fully paid-up Equity Shares of Re. 1/- each, at an issue price of Rs. 2.03/- per share (including premium of Rs. 1.03/- per share) on preferential basis to Vax Fashion Private Limited.
Consequent to the aforesaid allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs. 11,66,95,000/- (Rupees Eleven Crores Sixty Six Lakhs Ninety Five Thousand Only) divided into 11,66,95,000 (Eleven Crores Sixty Six Lakhs Ninety Five Thousand) Equity Shares of face value of Re. 1/- (Rupee One Only) each. The new equity shares issued shall rank pari-passu with the existing equity shares.