Voting result and Scrutinizer report for the postal ballot of the company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Nirbhay Colours India Limited held a postal ballot through remote e-voting from August 5 to September 3, 2025, and both special resolutions were passed unanimously. Resolution 1 was to amend the Object Clause of the Memorandum of Association, and Resolution 2 was to change the company's name to 'Craftroot Retail Limited' along with corresponding changes to the MoA and Articles of Association. Both resolutions received 1,492,400 votes (100%) in favour from 14 public shareholders, with zero votes against and zero invalid votes. Notably, the promoter group did not participate in the voting (0 shares polled), and only 14 out of 1,040 total shareholders cast votes. The scrutinizer was Mrs. Rupal Patel, Practicing Company Secretary.
The most significant outcome is shareholder approval for the corporate name change to Craftroot Retail Limited, which signals a strategic pivot toward the retail business and a likely rebranding of the company's market identity. The 100% approval on a low turnout of just 14 shareholders means the decisions are technically valid but reflect very limited shareholder participation — investors should watch for the new name appearing on BSE and any subsequent business announcements clarifying the retail strategy.