Craftroot Retail Limited has reported a significant turnaround in profitability for FY26, with net profit after tax rising 204% year-on-year to ₹22.24 lakh from ₹7.32 lakh in the previous fiscal. The company, formerly known as Nirbhay Colours India Limited, also announced a change in its core business operations from chemicals to the handicraft sector during the year under review.

The Board of Directors approved the financial statements and recommended a final dividend of ₹0.05 per equity share of face value ₹10 each. This dividend represents 0.5% of the face value and is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The record date for determining dividend entitlement is set for September 17, 2026.

Financial Performance and Business Shift

The company's revenue from operations declined significantly to ₹52.81 lakh in FY26 compared to ₹276.09 lakh in FY25, reflecting the transition phase as it exited the chemical segment. Despite the lower top-line growth, the company managed to improve its bottom line through cost management and other income sources. Other income contributed ₹31.85 lakh to the total income of ₹84.66 lakh for the year.

The Directors' Report highlights that the company changed its nature of business to include manufacturing, designing, processing, trading, and marketing of handcrafted articles. This strategic pivot aims to leverage the growing demand for authentic, handmade products in both domestic and international markets.

AGM Agenda and Board Changes

The 34th AGM is scheduled for September 25, 2026, via video conferencing. Shareholders will vote on ordinary business items including the adoption of financial statements and special resolutions regarding board composition. A key focus of the meeting is the regularization of appointments following an open offer for change of control completed in May 2026.

Mrs. Anar Patel will be regularized as Executive Director and appointed as Managing Director for a five-year term with nil remuneration. Additionally, Mr. Dakshesh Shah, Ms. Sanskruti Patel, and Mr. Dhruvin Shah will be regularized as Executive Directors. Four new Independent Directors—Mr. Ashvin Trivedi, Mr. Sarjeevan Singh, Ms. Ritu Kapoor, and Mr. Dinesh Chauhan—will also be regularized for consecutive five-year terms.

Key Dates and Logistics

The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026. Remote e-voting will be facilitated by National Securities Depository Limited (NSDL), with the voting window open from September 22 to September 24, 2026. Mrs. Rupal Patel has been appointed as the Scrutinizer for the voting process.

Jayesh Patel acquired a 7.66% stake in Craftroot Retail Limited through the purchase of 2,56,600 equity shares. The transaction, which concluded on June 25, 2026, was executed pursuant to a Share Purchase Agreement entered on December 15, 2025, and an open offer dated February 07, 2026. Following the completion of the open offer, the acquirer became the promoter of the target company.

Details of Acquisition

The disclosure was submitted to BSE Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this acquisition, Jayesh Patel held 0 shares in the company. The shares were acquired through a combination of the Share Purchase Agreement and the open offer process.

Company Capital Structure

The equity share capital of Craftroot Retail Limited remains at ₹3,35,00,000, comprising 33,50,000 equity shares of ₹10 each. The total diluted share capital also stands at 33,50,000 shares. The company was formerly known as Nirbhay Colours India Limited.