Wealth Mine Networks Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a revised copy of Detailed Public Statement for the attention of the Public Shareholders of Nirbhay Colours ....
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Craftroot Retail Ltd (BSE: 526349, formerly Nirbhay Colours India Limited) received a revised Detailed Public Statement (DPS) from Wealth Mine Networks Ltd, the Manager to the Offer, for an open offer triggered by a Share Purchase Agreement (SPA) signed on December 12, 2025. A group of 7 acquirers, led by Mr. Dakshesh Shah and Mr. Dhruvin Shah along with family members and M/s. Seher Retail Pvt Ltd, will acquire 6,74,300 shares (20.13% stake) from existing promoters at Rs. 10 per share (Rs. 67.43 lakh total). They have also made a mandatory open offer to public shareholders for an additional 14,19,700 shares (42.38% of voting capital) at the same Rs. 10 per share price. After full acceptance, the acquirers will hold 71.04% of voting capital and become new promoters. The revision only corrects the DPS publication date from December 19, 2025 to December 20, 2025 with no changes to the offer terms. The target company has been incurring SEBI LODR compliance fines historically.
Public shareholders of Craftroot Retail (formerly Nirbhay Colours India) now have a formal open offer at Rs. 10 per share to tender their shares, with the offer triggered by change of control. Stock may see some activity around the tendering period, though shares are infrequently traded and the offer price is a negotiated value, not a premium to market price.