Key Financial Figures

  • Revenue from Operations: ₹52.81 lakhs (FY 2025-26) vs ₹276.09 lakhs (FY 2024-25)
  • Profit Before Tax: ₹26.06 lakhs (FY 2025-26) vs ₹8.19 lakhs (FY 2024-25)
  • Profit After Tax: ₹22.24 lakhs (FY 2025-26) vs ₹7.32 lakhs (FY 2024-25)
  • Dividend Recommended: Final dividend @0.5% (₹0.05 per equity share of ₹10 each)
  • Paid-up Equity Share Capital: ₹3,35,00,000 as of March 31, 2026
  • Earnings Per Share: ₹0.66 (FY 2025-26) vs ₹0.22 (FY 2024-25)
  • Current Ratio: 1.12 (March 31, 2026) vs 1.08 (March 31, 2025)
  • Debt-Equity Ratio: 8.42 (March 31, 2026) vs 8.90 (March 31, 2025)

Significant Events and Dates

  • Open Offer Completion: Successful open offer under SEBI SAST for acquisition of 14,19,700 equity shares (42.38% of voting capital) completed on April 14, 2026
  • Board Reconstitution: Major board changes effective May 27-28, 2026:
  • Resignations: Mr. Raghvendra Kulkarni (MD & CFO), Mrs. Sonal Gandhi, Mr. Divyakant Gandhi, Mr. Vipulbhai Jana
  • Appointments: Mrs. Anar Patel (Managing Director), Mr. Dakshesh Shah (Director & CFO), Mr. Dhruvin Shah, Ms. Sanskruti Patel, and four independent directors
  • Business Change: Company changed from chemical segment to handicraft sector during the year
  • Name Change: Company name changed from Nirbhay Colours India Limited to Craftroot Retail Limited
  • AGM Date: 34th Annual General Meeting scheduled for September 25, 2026, at 11:00 AM through VC/OAVM
  • Record Date for Dividend: September 17, 2026
  • Book Closure: September 19, 2026 to September 25, 2026 (both days inclusive)

Parties Involved

  • Statutory Auditors: M/S. A. L. Thakkar & Co., Chartered Accountants
  • Secretarial Auditor: PCS Rupal Patel
  • Internal Auditor: Sonet Shah
  • Registrar & Share Transfer Agent: MCS Share Transfer Agent Ltd
  • Scrutinizer for AGM: Mrs. Rupal Patel, Practicing Company Secretary
  • E-Voting Agency: National Securities Depository Limited (NSDL)

Capital Structure Impact

No change in share capital during the year. Paid-up equity share capital remains at ₹3,35,00,000 consisting of 33,50,000 equity shares of ₹10 each.

Cash Flow Implications

  • Dividend payout of approximately ₹16.75 lakhs if approved by shareholders
  • All transactions with related parties were in ordinary course of business and at arm's length

Management Commentary

Directors report improved performance with profit of ₹22.24 lakhs compared to ₹7.32 lakhs in previous year. Company changed business activities from chemical segment to handicraft sector including manufacturing, designing, processing, trading, marketing and dealing in handcrafted articles.

Governance and Compliance

  • Company has adequate internal financial controls as per auditor's report
  • No fraud reported by auditors during the financial year
  • No material orders passed by regulators or courts impacting going concern status
  • Company complied with applicable secretarial standards SS-1 and SS-2

Shareholding Pattern

Significant shareholders (holding more than 5%) as of March 31, 2026:

  • Bhupendra Shantilal Shah: 6.56%
  • Innovative Infraplus India Limited: 6.00%
  • Navkar Surgical Gujarat Limited: 5.19%
  • 24X7 Fitness Private Limited: 5.25%
  • Parshva Texchem (India) Private Limited: 6.06%