True Colors IPO Proceeds Utilization Confirmed for Q3 2026

True Colors Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, confirming the utilization of its Initial Public Offering (IPO) proceeds. Issued by Crisil Ratings Limited, the report, reviewed by the Board of Directors and Audit Committee, states there has been no deviation from the objects outlined in the prospectus dated September 26, 2025. The company has confirmed that all utilization of issue proceeds aligns with the stated objectives, as per Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.