Nirbhay Colours India Limited has announced a mandatory open offer by a group of seven acquirers seeking to purchase equity shares from public shareholders. The company disclosed receipt of the public announcement dated December 12, 2025, regarding this significant corporate development.

Open Offer Details

The acquirers are making an offer to purchase up to 14,19,700 fully paid-up equity shares of face value ₹10.00 each from public shareholders. This represents 42.38% of the emerging voting capital of the target company.

Acquirer Group

The open offer is being made by seven acquirers acting collectively:

• Mr. Dakshesh Rameshchandra Shah (Acquirer 1)
• Mr. Dhruvin Shah (Acquirer 2)
• Mrs. Sheetal Shah (Acquirer 3)
• Mrs. Anar Jayeshbhai Patel (Acquirer 4)
• Ms. Sanskruti Jayeshbhai Patel (Acquirer 5)
• Mr. Jayesh Patel (Acquirer 6)
• M/s. Seher Retail Private Limited (Acquirer 7)

Triggering Transaction

The open offer has been triggered following the execution of a Share Purchase Agreement on December 12, 2025. Through this agreement, the acquirers acquired 6,74,300 equity shares carrying voting rights representing 20.13% of the emerging voting capital from existing shareholders.

Regulatory Compliance

The open offer is being conducted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Wealth Mine Networks Limited is acting as the manager to the offer under regulation 12(1) of the takeover regulations.

The detailed public statement will be published in newspapers within five working days of the public announcement, on or before December 19, 2025. This statement will contain comprehensive details including offer price justification, acquirer information, target company details, and terms and conditions applicable to the offer.

Company Information

Nirbhay Colours India Limited, formerly known as Parth Industries Limited, is listed on BSE Limited with scrip code 526349 and ISIN INE218T01010. The company has a total paid-up equity share capital of ₹3.35 crores divided into 33,50,000 equity shares of ₹10.00 each.

The acquirers have confirmed adequate financial resources to meet their obligations under the offer and do not intend to delist the target company following completion of the open offer.

Nirbhay Colours has announced its unaudited financial results for the quarter ended June 30, 2025, showing a return to profitability compared to the previous quarter.

Financial Highlights

The company reported a profit of Rs 1.38 crore for the quarter, marking a significant improvement from the loss of Rs 0.35 crore in the previous quarter. However, this profit is lower than the Rs 2.40 crore reported in the same quarter last year.

Revenue and Expenses

For the quarter ended June 30, 2025, Nirbhay Colours reported:

• Total income of Rs 10.58 crore, showing a significant increase from Rs 40.01 crore in the previous quarter.
• Total expenses stood at Rs 9.20 crore, down from Rs 42.49 crore in the previous quarter.

Other Key Metrics

• The company's paid-up equity share capital remained unchanged at Rs 335 crore.
• Earnings per share (EPS) for the quarter stood at Rs 0.04, compared to Rs (0.01) in the previous quarter and Rs 0.07 in the same quarter last year.

Board Meeting Details

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 7, 2025. The board meeting commenced at 1:00 PM and concluded at 2:00 PM.

Auditor's Review

A.L. Thakkar & Co., Chartered Accountants, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial statements are not prepared in accordance with applicable accounting standards and generally accepted accounting principles in India.

Nirbhay Colours, formerly known as Parth Industries Limited, is listed on the BSE. The company's financial results are available on its website and the BSE website for investors and stakeholders to review.