Nirbhay Colours India Limited has successfully completed its corporate name change process, officially becoming Craftroot Retail Limited with effect from December 17, 2025. The company received formal approval from the Ministry of Corporate Affairs through a Certificate of Incorporation pursuant to change of name issued on the same date.

Official Name Change Details

The transformation marks a significant corporate milestone for the company, which was originally incorporated as Parth Industries Limited before becoming Nirbhay Colours India Limited. The Ministry of Corporate Affairs, through its Central Processing Centre in Manesar, Haryana, issued the official certificate confirming the name change.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements for the name change process. The Certificate of Incorporation was approved by Mitika Raja from the Central Processing Centre and digitally signed by the Registrar of Companies under the Companies (Registration Offices and Fees) Rules, 2014.

As part of the name change process, the company's Memorandum and Articles of Association have been altered to reflect the new corporate identity. The registered office address remains unchanged at 61/201, 2nd Floor, Prerak Apartment, Near Wagh Bakri Tea Depot, Gujarat College Road, Ahmedabad-380006, Gujarat.

Stock Exchange Procedures

Craftroot Retail Limited has informed BSE Limited about the name change through proper regulatory channels under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company plans to file the final application with BSE Limited for updating stock exchange records and enabling equity share trading under the new name.

Legal Obligations and Stakeholder Impact

The certificate clarifies that the name change does not affect the rights and liabilities of stakeholders. However, the company must display its old name alongside the new name for a period of two years at all locations where it is required to display its corporate name, as mandated under Section 12 of the Companies Act.

Stakeholders are advised to verify the company's latest status and view public documents on the Ministry of Corporate Affairs website at www.mca.gov.in/MCA21 . The name change represents a strategic corporate decision while maintaining continuity in business operations and stakeholder relationships.

Craftroof Retail Limited (formerly known as Nirbhay Colours India Limited) has received a copy of the Detailed Public Statement (DPS) published in newspapers on December 20, 2025, regarding the open offer made by seven acquirers. The company informed BSE Limited about receiving the newspaper advertisement copy under Regulation 30 disclosure requirements.

Open Offer Publication Details

The DPS was published in multiple newspapers including Financial Express (English - All editions) and Gujarat editions covering Ahmedabad and Mumbai markets. The publication follows the earlier revised DPS filing where Wealth Mine Networks Limited corrected the publication date from December 19 to December 20, 2025.

Acquirer Group and Offer Structure

Seven acquirers are collectively making the open offer: Mr. Dakshesh Rameshchandra Shah, Mr. Dhruvin Shah, Mrs. Sheetal Shah, Mrs. Anar Jayeshbhai Patel, Ms. Sanskruti Jayeshbhai Patel, Mr. Jayesh Patel, and M/s. Seher Retail Private Limited. The offer targets 42.38% of the emerging voting capital.

Triggering Transaction Details

The mandatory open offer was triggered following a Share Purchase Agreement executed on December 12, 2025, where the acquirer group purchased 6,74,300 equity shares representing 20.13% voting rights at ₹10.00 per share, totaling ₹67,43,000.00.

Company Information and Compliance

Craftroof Retail Limited is listed on BSE Limited with scrip code 526349 and ISIN INE218T01010. The company has total paid-up equity share capital of ₹3.35 crores comprising 33,50,000 equity shares of ₹10.00 each. The open offer is being conducted under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with Wealth Mine Networks Limited serving as the manager under SEBI registration number INM000013077.