Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nirbhay Colours India Limited (BSE: 526349), formerly Parth Industries Limited, has issued a Postal Ballot Notice dated 08 July 2025 for two special business items. The first resolution seeks shareholder approval to amend the Object Clause of the Memorandum of Association to shift the company's business focus towards textile manufacturing, processing, dyeing, printing, retail of readymade garments, and trading in handcrafted/artisan products, including online platforms for crafts persons. The second resolution seeks approval to change the company's name from 'Nirbhay Colours India Limited' to 'Craftroot Retail Limited', with consequent amendments to the MOA and AOA; the Registrar of Companies has already made the new name available via an MCA letter dated 17 July 2025. Voting will be conducted entirely through remote e-voting via CDSL, with the cut-off date fixed as 01 August 2025, the voting window running from 09:00 AM on 05 August 2025 to 05:00 PM on 03 September 2025, and results to be declared on or before 06 September 2025. Mrs. Rupal Patel, Practicing Company Secretary, has been appointed as Scrutinizer. Existing share certificates will remain valid after the name change and shareholder rights will not be affected.
This is a significant business pivot for the company — moving away from its current line into textiles, garments, handicrafts, and artisan commerce — accompanied by a rebranding to 'Craftroot Retail Limited'. Shareholders should evaluate whether the new direction aligns with their investment thesis and exercise their e-vote before 03 September 2025; the new name and revised object clause will only take effect if the special resolutions are passed.