Craftroot Retail Submits Post Open Offer Report for 42.38% Stake Acquisition
M&A
● No Immediate Change
LOW RISK
📅 Filed on BSE: 25 Jun 2026, 06:40 PM IST · BSE ID: 154f66ad-7c2b-4802-9d20-1a270cb66fd1
View Original BSE Filing (PDF)
💡
In Simple Terms
The company completed the required report for the open offer where a group of acquirers sought to buy 42.38% of its shares.
🤖 AI Summary
- Craftroot Retail Limited submitted the Post Open Offer Report under Regulation 27(7) of SEBI (SAST) Regulations, 2011.
- Seven acquirers made an open offer to acquire 14,19,700 fully paid-up equity shares of Nirbhay Colours India Limited.
- The acquisition target represents 42.38% of the voting share capital of the company.
- The offer price was Rs. 10/- per share, valuing the open offer at Rs. 1,41,97,000/-.
- The tendering period for the open offer concluded on March 12, 2026, with payments to shareholders by March 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Shares in Open Offer
14,19,700 shares
Percentage of Voting Share Capital
42.38 %
Offer Price per Share
Rs. 10/-
Total Offer Size
Rs. 1,41,97,000/-
Market Price 1 day prior to PA (08.02.2026)
Rs. 1.00
🏢 How This Affects the Company
The completion of the open offer and submission of the report addresses regulatory compliance risks related to the substantial acquisition of shares.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders as the open offer's tendering period has concluded and payments have been made.
👤
Who Is Affected
Public shareholders who tendered their shares during the open offer received Rs. 10/- per share for their 14,19,700 shares. Other public shareholders' holdings remain unchanged.
🔍
Management Signal
The submission of this report indicates management's adherence to regulatory timelines and compliance requirements for substantial acquisition events.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next quarterly shareholding pattern — check changes in promoter and public holdings.
Board meeting outcomes — monitor for strategic decisions post-acquisition.
Any further corporate announcements — assess implications of new ownership structure.
LOW RISK
This filing confirms a regulatory compliance step for a past event, not introducing new risks.
💡 Investor Takeaway
Craftroot Retail Limited confirmed the submission of its Post Open Offer Report under SEBI (SAST) Regulations on June 25, 2026. This report details the open offer by seven acquirers for 14,19,700 shares, representing 42.38% of voting capital, at an offer price of Rs. 10/- per share, totaling Rs. 1,41,97,000/-.
⚖️ Strengths & Concerns
✅ Positives
- The company demonstrated compliance by submitting the Post Open Offer Report as per Regulation 27(7) of SEBI (SAST) Regulations, 2011.
- The open offer provided an exit opportunity for public shareholders at Rs. 10/- per share for 14,19,700 shares.
⚠️ Concerns
- The company's shares had no trading activity in the 12 calendar months prior to the public announcement on the Bombay Stock Exchange.
- The market price per share on the day prior to and on the date of public announcement was Rs. 1.00, significantly below the offer price of Rs. 10/-.
📅 Company Track Record
Previous filings indicated an open offer by seven acquirers for 42.38% of Nirbhay Colours India Limited's voting stake. The company's name was formerly Nirbhay Colours India Limited before being changed to Craftroot Retail Limited. The company has no trading in its shares in the 12 calendar months prior to the public announcement of the open offer.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the purpose of Craftroot Retail Limited's filing on June 25, 2026?
Craftroot Retail Limited submitted the Post Open Offer Report as required by Regulation 27(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Who were the acquirers in the open offer for Nirbhay Colours India Limited shares?
The acquirers were 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.
How many shares were targeted in the open offer for Nirbhay Colours India Limited?
The open offer was for 14,19,700 fully paid-up equity shares of Nirbhay Colours India Limited, representing 42.38% of the voting share capital.
What was the offer price per share in the open offer for Nirbhay Colours India Limited?
The offer price for the shares in the open offer was Rs. 10/- per share, with a total offer size of Rs. 1,41,97,000/-.
When did the tendering period for the open offer conclude?
The tendering period for the open offer commenced on February 26, 2026, and expired on March 12, 2026.
Questions based on this BSE filing only. For information purposes.