Craftroot Retail Limited Publishes Q3FY26 Financial Results Under SEBI Regulations

1 min read     Updated on 15 Feb 2026, 09:05 AM
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Overview

Craftroot Retail Limited (formerly Nirb Colours India Limited) published its Q3FY26 unaudited financial results for the quarter ended December 2025, complying with SEBI Regulation 33. The results were published in Business Standard and Jai Hind newspapers, with Managing Director Raghvendra Kul formally communicating the publication to BSE Limited on February 14, 2026.

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Craftroot Retail Limited, formerly known as Nirb Colours India Limited, has formally published its quarterly financial results for the third quarter of fiscal year 2026. The company communicated this development to BSE Limited through an official letter dated February 14, 2026.

Regulatory Compliance and Publication

The company published its unaudited financial results for the quarter ended December 2025 in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were made available to the public through publication in designated newspapers.

Publication Details: Information
English Newspaper: Business Standard
Regional Newspaper: Jai Hind (Gujarati)
Quarter Ended: December 2025
Fiscal Year: Q3FY26
Regulation: SEBI Regulation 33

Company Information

Craftroot Retail Limited operates from its registered office located at Gujarat College Road, Ahmedabad-380006, Gujarat. The company maintains its corporate website at www.nirbhaycolours.com and can be contacted at 9825021447. The firm was previously known as Nirb Colours India Limited before its name change.

Stock Exchange Communication

The formal communication to BSE Limited was signed by Managing Director Raghvendra Kul, who holds DIN: 06970323. The letter was addressed to BSE Limited at Ground Floor, P.J. Tower, Dalal Street, Kala Ghoda, Mumbai - 400001, referencing the company's scrip code 526349.

Corporate Details: Information
Managing Director: Raghvendra Kul
DIN Number: 06970323
BSE Scrip Code: 526349
Registered Office: Ahmedabad, Gujarat
Contact Number: 9825021447

Regulatory Framework

The publication of quarterly results represents the company's adherence to mandatory disclosure requirements under SEBI regulations. These regulations ensure transparency and provide stakeholders with timely access to financial information. The company has fulfilled its obligation by publishing the results in both English and regional language newspapers, ensuring broader accessibility for investors and other stakeholders.

The enclosed copy of the published results was submitted to BSE Limited for record-keeping purposes, completing the regulatory compliance process for the Q3FY26 reporting period.

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Wealth Mine Networks Submits Corrigendum and Revised Schedule for Nirbhay Colours Open Offer

2 min read     Updated on 10 Feb 2026, 11:58 AM
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Reviewed by
Radhika SScanX News Team
Overview

Wealth Mine Networks Limited has submitted a corrigendum to the Letter of Offer for Nirbhay Colours India Limited's open offer, revising the schedule due to operational delays. The offer opening date has been postponed from February 12 to February 16, 2026, with the closing date extended to March 2, 2026. To compensate for the four-day delay, acquirers will pay 10% annual interest to participating shareholders as per SEBI regulations. The Independent Directors Committee has recommended the offer as fair and reasonable, confirming compliance with regulatory requirements.

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Wealth Mine Networks Limited has submitted a corrigendum to the Letter of Offer and revised schedule for the open offer acquisition of Nirbhay Colours India Limited equity shares, addressing delays in the commencement of the offer period and implementing interest compensation measures.

Corrigendum Submission and Regulatory Compliance

Wealth Mine Networks Limited formally submitted the corrigendum to multiple regulatory authorities and stakeholders. The submission was addressed to Nirbhay Colours India Limited, the Securities and Exchange Board of India (SEBI), and BSE Limited, informing them of the revised schedule due to delays in the offer commencement.

Submission Details Information
Date of Submission February 12, 2026
Regulatory Bodies SEBI, BSE Limited
Target Company Nirbhay Colours India Limited
Manager to Offer Wealth Mine Networks Limited

The corrigendum was published in multiple newspapers including Jansatta (Hindi), Financial Express (English and Gujarati), and Navshakti (Marathi) to ensure comprehensive public disclosure.

Revised Schedule of Activities

The corrigendum introduces significant changes to the original timeline, with the most notable being the delay in the offer opening date. The revised schedule maintains regulatory compliance while accommodating operational requirements.

Activity Original Date Revised Date
Offer Opening Date February 12, 2026 February 16, 2026
Offer Closing Date February 26, 2026 March 2, 2026
IDC Recommendation February 10, 2026 February 12, 2026
Letter of Offer Dispatch February 5, 2026 February 7, 2026

The public announcement date of December 12, 2025, and the detailed public statement publication date of December 19, 2025, remain unchanged from the original schedule.

Interest Compensation Mechanism

Due to the four-day delay in the offer opening, the acquirers have committed to paying interest compensation to participating shareholders. This compensation mechanism ensures fairness and regulatory compliance under SEBI regulations.

Compensation Parameter Details
Interest Rate 10% per annum
Delay Period 4 days
Applicable Regulation SEBI (SAST) Regulations 18(11)
Beneficiaries Shareholders accepting the offer

Independent Directors Committee Recommendation

The Committee of Independent Directors, chaired by Ms. Sonal Gandhi, has provided its recommendation on the open offer. The committee comprises three members who have evaluated the offer's fairness and reasonableness.

IDC Details Information
Chairperson Ms. Sonal Gandhi
Members Mr. Vipul Jana, Mr. Divyakant Gandhi
Recommendation Date February 11, 2026
Offer Assessment Fair and reasonable

The committee confirmed that the offer price of ₹10 per equity share complies with SEBI (SAST) Regulations 8(1) and 8(2), and recommended that shareholders independently evaluate the offer based on their individual circumstances.

Regulatory Framework and Compliance

The corrigendum ensures full compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. The revised schedule accommodates regulatory requirements while maintaining transparency and investor protection standards.

Wealth Mine Networks Limited, serving as the manager to the offer with SEBI registration number INM000013077, has confirmed that all statutory requirements and escrow arrangements remain in place to fulfill the acquirers' obligations under the revised timeline.

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