Wealth Mine Networks Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Newspaper publication of Corrigendum to Letter of Offer and Revised Schedule of Open Offer for the ....
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Wealth Mine Networks Ltd, acting as the Manager to the Open Offer, has submitted a corrigendum to BSE revising the timetable for the Open Offer on Nirbhay Colours India Limited. The original Letter of Offer was issued on 07 February 2026, and the corrigendum (dated 10 February 2026) pushes back several key dates due to a delay in commencing the offer. Key revised dates include dispatch of the Letter of Offer (moved from Feb 5 to Feb 7), the last date for receiving the offer price (Feb 11 to Feb 13), the tendering period (Feb 12 to Feb 16), and payment of consideration (Feb 26 to Mar 2). The Acquirers (members of the Shah family and Seher Retail Pvt Ltd) have committed to paying 8% per annum interest to eligible shareholders for the period of delay. Newspaper publications were carried in Jansatta, Financial Express, and Navshakti to inform shareholders.
Shareholders of Nirbhay Colours India Limited now have a slightly extended timeline to participate in the Open Offer, and those who tender will receive an 8% interest compensation for the delay. The delay itself signals possible procedural hiccups but the offer remains on track with final completion expected by 17 March 2026.