Industrial Products
Board Meeting8 April 2026 at 07:40 am

True Colors Ltd. Announces Board Approval for Alteration of Object Clause and Borrowing Authorization

AI Summary

True Colors Ltd., formerly known as True Colors Private Limited, held a Board Meeting on April 8, 2026, where they approved the alteration of the object clause of the Memorandum of Association and authorized the board to borrow money. These decisions are subject to the approval of the Members. A Postal Ballot Notice for seeking approval of the Members through remote e-voting will be issued. The alteration in MOA includes the manufacturing, formulation, processing, development, refining, and trading of various kinds of inks and allied chemical products, textile printing machinery, and all ancillary materials used for textile processing. The meeting commenced at 11:00 A.M. and concluded at 12:45 P.M.

Key Highlights

  • Board approved alteration of object clause of the Memorandum of Association
  • Authorization for the board to borrow money pursuant to section 180(1)(C) of the Companies Act, 2013
  • Postal Ballot Notice for seeking approval of the Members through remote e-voting
  • Alteration in MOA includes manufacturing, formulation, processing, development, refining, and trading of various inks and allied chemical products
  • Meeting concluded at 12:45 P.M.