StockWatch
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Industrial Products
Regulatory14 May 2026, 04:22 pm

True Colors Ltd: Monitoring Agency Report for Q4 FY26

AI Summary

True Colors Ltd has released the Monitoring Agency Report for the quarter ended March 31, 2026, as per Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by CRISIL Ratings Limited, confirms no deviation in the utilization of IPO proceeds from the objects stated in the Placement Document dated September 26, 2025. A previous deviation related to parking unutilized proceeds in a co-operative bank has been rectified by moving the funds to a scheduled commercial bank.

Key Highlights

  • Monitoring Agency confirms no deviation in IPO proceeds utilization for Q4 FY26.
  • CRISIL Ratings Limited issued the Monitoring Agency Report.
  • Previous deviation related to fixed deposit in co-operative bank rectified.
  • Funds moved to a scheduled commercial bank, addressing the deviation.