Craftroot Retail Limited (formerly known as Nirbhay Colours India Limited) has issued an important clarification regarding its Limited Review Report for the quarter ended December 31, 2025. The company's statutory auditors, A.L. Thakkar & Co. Chartered Accountants, identified and corrected a clerical error in the original report that had incorrectly stated the reporting period.

Error Details and Correction

The auditors discovered that due to an inadvertent clerical/typographical error, the reporting period was incorrectly mentioned as "Quarter ended March 31, 2026" in the Limited Review Report instead of the correct period "Quarter ended December 31, 2025." This error was identified in the report issued pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Confirmations

A.L. Thakkar & Co. provided comprehensive clarifications regarding the review process and the nature of the error. The auditors confirmed that the limited review procedures were duly carried out for the quarter ended December 31, 2025, in accordance with the applicable Standards on Review Engagements (SRE 2410) issued by the Institute of Chartered Accountants of India.

Key confirmations from the auditors include:

• The review was conducted exclusively for the quarter ended December 31, 2025
• Financial information considered pertains only to the December 31, 2025 period
• The error is purely clerical and does not affect review procedures performed
• No impact on the conclusion expressed in the Limited Review Report
• No changes to the financial results

UDIN and Revised Report

The auditors clarified that the Unique Document Identification Number (UDIN) mentioned in the original Limited Review Report was correctly generated for the quarter ended December 31, 2025. Since the UDIN already corresponds to the correct reporting period, no fresh UDIN is required for the revised Limited Review Report.

Regulatory Compliance

The clarification was addressed to the Board of Directors of Craftroot Retail Limited and copied to the Listing Compliance Department of BSE Limited. The company is issuing a revised Limited Review Report with the correct reporting period to rectify the clerical error, which should be read in substitution of the earlier report.

The auditors expressed regret for the inadvertent error and any inconvenience caused, emphasizing that the mistake was purely administrative and did not compromise the integrity of the review process or the accuracy of the financial results for the quarter ended December 31, 2025.

Source: None/Company/INE218T01010/06ce8750-012b-463b-9a53-592c0562cae2.pdf

Nirbhay colours India Limited (formerly Parth Industries Limited) conducted its mandatory independent directors meeting on March 16, 2026, fulfilling regulatory requirements under SEBI LODR Regulations. The meeting was held at the company's registered office in Ahmedabad as part of governance obligations for Financial Year 2025-26.

Meeting Details and Compliance

The independent directors meeting was conducted in accordance with Regulation 25(3) of the Securities and Exchange Board of India (LODR) Regulations, 2015, read with Schedule IV of the Companies Act, 2013. The meeting commenced at 12:00 P.M. and concluded at 12:30 P.M., spanning a duration of 30 minutes.

Key Agenda Items Reviewed

The independent directors present at the meeting transacted several critical governance matters as mandated by regulatory requirements. The comprehensive review process covered multiple aspects of board effectiveness and organizational governance.

The meeting agenda included:

• Review of performance of non-independent directors and the board of directors as a whole
• Assessment of the chairperson's performance, incorporating feedback from both executive and non-executive directors
• Evaluation of information flow quality, quantity, and timeliness between management and the board of directors

Governance and Information Flow Assessment

A significant focus of the meeting was assessing the adequacy of information flow between the company's management and the board of directors. This evaluation ensures that board members receive necessary information to effectively and reasonably perform their duties, maintaining high standards of corporate governance.

Company Information

Nirbhay Colours India Limited operates from its registered office at 201, 4th Floor, Moon light Shopping Centre, drive-In Road, Memnagar, Ahmedabad-380052. The company, incorporated with CIN L24100GJ1993PLC017863, trades on BSE with scrip code 526349. The meeting outcome was communicated to BSE Limited by Director Raghvendra Gopalrao Kulkarni (DIN: 06970323), ensuring compliance with disclosure requirements under Regulation 30 of SEBI LODR Regulations.