By: Vinod Kumar, Long-Term Investor
Published at: news.krantikari.org
Background
I am a long-term investor in Indian listed companies with over seven years of experience, currently invested in more than 250 companies. On 11 April 2025, I filed a complaint through the SEBI SCORES portal (Complaint No: SEBIE/PB25/PATI/010263/1) against 7NR Retail Ltd., concerning the company’s failure to respond meaningfully to my queries and investor communications.
I raised 15 clear questions and demands to the company, expecting transparent, point-by-point responses as per the standards expected from a listed entity.
My Concerns
While the company did eventually send printed annual reports and offered repeated generic apologies, none of the 15 questions or demands were answered directly. The replies were copy-paste in nature, lacking accountability, sincerity, or engagement. This, in my view, indicates a failure in investor grievance redressal.
I respectfully flagged five key roles in the company who, based on my experience, appeared to have failed in their duties:
-
Company Secretary – No statutory disclosures were provided on time.
-
Compliance Officer – Did not fulfill regulatory oversight.
-
Investor Relations Officer – No engagement despite follow-ups.
-
Email Handler (info7nrretailltd.in) – Replied repeatedly with generic text.
-
SEBI/BSE Correspondence Officer – Replies lacked seriousness and clarity.
SEBI Case Closure
Despite my detailed clarification submitted through SCORES, the case was marked as "Disposed Off" on 29 April 2025. The reason provided was that "necessary information has been provided" and the company stated it remains compliant.
I did not receive any communication that addressed my specific concerns or mentioned accountability of the responsible officers.
Feedback Provided
At the time of closure, I provided my feedback in the SCORES portal, expressing dissatisfaction and concern about the quality of resolution and lack of transparency.
I also suggested that SEBI direct the company to pay Rs. 10 lakh as compensation for time, energy, and emotional stress, as a voluntary donation to SEBI's Investor Protection or Awareness Fund — not for personal benefit, but to strengthen systems for all small investors.
Why I Am Going Public
I believe the right to speak publicly is protected under the Indian Constitution (Article 19). My goal is not defamation, but to present the facts in a transparent, non-violent, and legally safe manner.
I hope this publication serves:
-
As a record of my experience.
-
As a warning to other investors to demand accountability.
-
As a reminder to listed companies and regulatory bodies to take investor concerns seriously.
Conclusion
Transparency is the backbone of trust in capital markets. If companies or exchanges fail to respond meaningfully, and grievances are closed without resolution, the small investor loses faith.
I invite media, honest officers, and fellow investors to read this and form their own conclusions. If you’ve faced similar issues, I encourage you to share your story at news.krantikari.org.
Sincerely,
Vinod Kumar
Long-Term Retail Investor
Complainant — SEBI SCORES
29 April 2025
Follow Krantikari News on WhatsApp Channel
Reviews