Craftroot Retail: Compliance filed for name change regulations non-compliance
REGULATORY
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 18 Jun 2026, 06:12 PM IST · BSE ID: 9a67f69d-4365-46b4-8f41-6b4a2b9acb42
View Original BSE Filing (PDF)
💡
In Simple Terms
The company informed the stock exchange it has addressed a warning about not following rules during its name change process.
🤖 AI Summary
- Craftroot Retail addressed SEBI warning letter on non-compliance with LODR Regulations 45(1) & 45(3).
- Non-compliance pertains to the company's application for name change from Nirbhay Colours India Limited.
- Board of Directors reviewed the warning letter and corrective measures taken by the company.
- Management change and open offer cited as primary reasons for the inadvertent non-compliance.
🏢 How This Affects the Company
The company has strengthened internal controls and systems to prevent future regulatory non-compliance.
The company has acknowledged non-compliance with SEBI LODR Regulations, indicating a past lapse in adherence.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders regarding this filing.
👤
Who Is Affected
All shareholders are indirectly affected by management's focus on regulatory compliance.
🔍
Management Signal
Management signals a commitment to strengthening corporate governance and regulatory adherence following an inadvertent lapse.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Future BSE filings for adherence to SEBI LODR regulations.
Company's operational performance post management change.
Updates on any further regulatory scrutiny if it arises.
MEDIUM RISK
Acknowledged non-compliance with SEBI LODR Regulations, despite assurances of corrective actions.
💡 Investor Takeaway
Craftroot Retail confirmed receipt of a SEBI warning letter regarding non-compliance with name change regulations and has assured the exchange of strengthened internal controls to prevent recurrence.
⚖️ Strengths & Concerns
⚠️ Concerns
- Company acknowledged non-compliance with Regulation 45(1) and 45(3) of SEBI LODR Regulations, 2015.
❓ Frequently Asked Questions
What is the SEBI warning letter reference number Craftroot Retail received?
Craftroot Retail received a warning letter with reference No. DCS/NC/TS/WL/0LL/2026-2027.
Which SEBI (LODR) Regulations were not complied with by Craftroot Retail?
Craftroot Retail did not comply with Regulation 45(1) and Regulation 45(3) of the SEBI (LODR) Regulations, 2015.
What was the reason cited for Craftroot Retail's non-compliance?
The company cited change of management and control by open offer as the main reason for non-compliance.
When was the Board of Directors meeting held to discuss the warning letter?
The Board of Directors noted the warning letter and corrective measures at its meeting held on June 13, 2026.
Questions based on this BSE filing only. For information purposes.