True Colors Ltd

True Colors Ltd announced that its Board of Directors has approved the formation of a Joint Venture Company (JV Company) with Identified Partners. The JV Company, tentatively named 'True Colors Advance Materials Private Limited', will focus on exploring business opportunities in the manufacturing, processing, coating, converting, and marketing of paper, specialty paper, and allied paper-based products. The board meeting also approved the appointment of M/s. Dali Shah & Associates as Internal Auditor, M/s. B H Kevadiya & Co. as Cost Auditor for FY 2026-27, and M/s. ALAP & Co. LLP as Secretarial Auditor for a five-year term.

True Colors Ltd announced that its Board of Directors has approved the formation of a Joint Venture Company (JV Company) with identified partners. The JV will focus on exploring business opportunities in the manufacturing, processing, coating, converting, and marketing of paper, specialty paper, and allied paper-based products. The board meeting, held on August 17, 2026, also approved the appointment of M/s. Dali Shah & Associates as Internal Auditor, M/s. B H Kevadiya & Co. as Cost Auditor, and M/s. ALAP & Co. LLP as Secretarial Auditor for the financial year 2026-27 and beyond. The JV company is proposed to be named 'True Colors Advance Materials Private Limited', subject to availability.

True Colors Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CRISIL Ratings Limited. The report confirms that the utilization of proceeds from the company's Initial Public Offering (IPO) has been in line with the objects stated in the prospectus dated September 26, 2025. There has been no deviation in the use of funds, as reviewed and taken on record by the Board of Directors and Audit Committee. The IPO, which involved a fresh issuance of equity shares, raised Rs. 108.86 crores (net proceeds of Rs. 100.70 crores).

True Colors Ltd announced that its transferor entity under a Scheme of Amalgamation, Inkia Inks Private Limited, will participate in FuturePrint, a premier global event for screen printing, digital textile printing, and industrial inkjet manufacturing. The event will be held in Sao Paulo, Brazil, from July 14-17, 2026. Inkia Inks will showcase its latest formulations for direct-to-textile and transfer workflows, highlighting the demand for sustainable, high-performance inks in various apparel and décor segments. FuturePrint is expected to attract over 40,000 visitors and 600 exhibitors. Inkia Inks is a specialized digital ink manufacturer with a comprehensive portfolio.

True Colors Limited announced its H2 & FY26 results. For the year ended March 31, 2026, the company reported revenue of ₹302 Cr (29% YoY) and PAT of ₹31 Cr (29% YoY). For the half year ended March 31, 2026, revenue was ₹150 Cr (7% YoY) and PAT was ₹16 Cr. The company's active installation base now stands at 900+ machines.

True Colors Ltd has announced its standalone audited financial results for the half year and year ended March 31, 2026. The Board of Directors approved these results in their meeting held on May 20, 2026. The financial results include revenue from operations of ₹1,504,241, total expenses of ₹13,210.06, and profit before tax of ₹183,055. The company has declared an unmodified opinion with respect to these audited standalone financial results.

True Colors Ltd's Board of Directors approved the Standalone Audited Financial Results for the half year and year ended March 31, 2026, during their meeting on May 20, 2026. The meeting, held at the registered office in Surat, commenced at 02:30 p.m. and concluded at 03:30 p.m. The company has also declared that there is an Unmodified Opinion with respect to the Audited Standalone Financial Results.

True Colors Ltd has announced that its Board of Directors will convene a meeting on Wednesday, May 20, 2026. The primary agenda for this meeting is to consider and approve the Audited Financial Results for the half year and the full financial year ended March 31, 2026. In accordance with SEBI regulations, the trading window for promoters, directors, senior managerial personnel, and connected persons has been closed from April 1, 2026, and will reopen 48 hours after the results are made public.

True Colors Limited has received an observation letter from the Bombay Stock Exchange (BSE) regarding the proposed Scheme of Amalgamation (Merger by Absorption) with Inkia Inks Private Limited. The observation letter, dated May 14, 2026, includes comments from SEBI regarding disclosures, compliance with circulars, and information to be provided to shareholders and the NCLT. The scheme remains subject to statutory and regulatory approvals, as well as approvals from the respective shareholders and creditors.

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.