Wealth Mine Networks Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulations 13(4), 14(3) and 15(2) and such other applicable ....
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A group of 7 acquirers led by Mr. Dakshesh Rameshchandra Shah, along with entities like Seher Retail Private Limited, have triggered a mandatory open offer to acquire up to 14,19,700 equity shares (42.38% of voting capital) of Craftroot Retail Ltd (formerly Nirbhay Colours India Ltd) at ₹10 per share. The open offer follows a Share Purchase Agreement dated December 12, 2025, under which the acquirers are purchasing 6,74,300 shares (20.13%) from existing promoters at ₹10/share, aggregating to ₹67.43 lakh, along with taking control and management of the company. The target company recently changed its name from Nirbhay Colours India Limited to Craftroot Retail Limited (effective December 17, 2025). The company's shares are listed on BSE under scrip code 526349 in the 'ZP' category and are not frequently traded (annualized trading turnover of 0.00%). If the offer is fully accepted, the acquirers' total holding will rise to 71.04% of the emerging voting capital.
This is a change-of-control transaction. Public shareholders have the option to tender their shares at ₹10 each to exit, though given the stock's ZP category status with virtually no trading volume, finding buyers in the open market may be difficult. The acquirers have committed to maintaining the listing and will need to take steps to comply with the minimum 25% public shareholding requirement post-offer.