7NR Retail Limited has announced a significant board resolution to change its company name to Culture Group Limited. This decision was made during a board meeting held on November 6, 2026. Additionally, the company has approved the appointment of two new Additional Non-Executive and Independent Directors, Mr. Hetul Dineshbhai Patel and Ms. Varsha Vilasbhai Bhagat, effective the same date. The board also reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.
Company Name Change and Board Appointments
In a significant move for 7NR Retail Limited, the Board of Directors has resolved to change the company’s name to Culture Group Limited. This proposed name change is subject to the availability of the new name and approval from the Ministry of Corporate Affairs or any other competent authority. The decision was finalized during a board meeting on Friday, November 6, 2026.
New Directors Appointed
Further strengthening its board, the company announced the appointment of Mr. Hetul Dineshbhai Patel (DIN: 11801068) and Ms. Varsha Vilasbhai Bhagat (DIN: 11994265) as Additional Non-Executive and Independent Directors. Both appointments are effective from November 6, 2026. Brief profiles indicate Mr. Patel has extensive experience in import-export consultancy and trade regulations, while Ms. Bhagat brings 14 years of experience in order and accounts management.
Committee Reconstitutions
Following these appointments, the company also reconstituted its key committees, effective November 6, 2026:
Audit Committee (AC)
- Chairperson: Mr. Hetul Dineshbhai Patel (Non-Executive and Independent Director)
- Member: Ms. Varsha Vilasbhai Bhagat (Non-Executive and Independent Director)
- Member: Mr. Hit Shah (Executive Director)
Nomination and Remuneration Committee (NRC)
- Chairperson: Mr. Hetul Dineshbhai Patel (Non-Executive and Independent Director)
- Member: Ms. Varsha Vilasbhai Bhagat (Non-Executive and Independent Director)
- Member: Mr. Dilipbhai Vithhaldas Patel (Non-Executive Director)
Stakeholder Relationship Committee (SRC)
- Chairperson: Mr. Dilipbhai Vithhaldas Patel (Non-Executive and Independent Director)
- Member: Ms. Varsha Vilasbhai Bhagat (Non-Executive and Independent Director)
- Member: Mr. Hit Shah (Executive Director)
Related Party Transactions and EGM Announcement
The board also considered and recommended material related party transactions with M/s. Culture Antique Jewellery Private Limited, M/s. Culture Diamond Jewels, and M/s. Umiya Jewellers for shareholder approval at the upcoming Extra Ordinary General Meeting (EGM). The company has scheduled this EGM for Monday, November 30, 2026, at 2:00 P.M. IST, which will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
Source: BSE
