True Colors Ltd Receives NCLT Order for Inkia Inks Merger

True Colors Limited has received an order from the National Company Law Tribunal (NCLT), Ahmedabad Bench, regarding the proposed Scheme of Amalgamation (Merger by Absorption) of Inkia Inks Private Limited with True Colors Limited. The NCLT has directed True Colors Limited to convene meetings of its equity shareholders and unsecured creditors within 45 days to approve the scheme. The meetings for secured creditors of True Colors Limited and all meetings for Inkia Inks Private Limited (shareholders, secured, and unsecured creditors) have been dispensed with. This is a significant step forward in the amalgamation process.