Intimation regarding change of CIN and Industry of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company has officially changed its name from 'Nirbhay Colours India Limited' to 'Craftroot Retail Limited', effective December 17, 2025, after receiving a fresh Certificate of Incorporation from the MCA. Along with the name change, its industry classification has shifted from 'Chemicals' to 'Handicraft'. The updated CIN is L46411GJ1992PLC017863, and the BSE scrip code remains 526349. This signals a strategic pivot away from the chemicals business toward the handicraft retail segment. Investors should watch for further disclosures detailing the new business model, financials, and growth plans under the refreshed identity.
For shareholders, this is a major strategic rebrand — the company is moving from chemicals into handicraft retail, which could reset growth expectations and valuation. Near-term, the stock may see volatility as the market digests the pivot; longer-term performance will depend on how convincingly the company executes in the new handicraft space.