544531

- Notice of Equity Shareholders meeting on Monday, September 28, 2026, at 10:30 AM IST via Video Conferencing/OAVM. - Purpose: To consider and approve the Scheme of Amalgamation of Inkia Inks Private Limited with True Colors Limited. - Remote e-voting: September 25, 2026 (09:00 AM) to September 27, 2026 (05:00 PM). - Cut-off date for voting eligibility: September 21, 2026.

- NCLT Ahmedabad Bench issued an order on August 17, 2026, for the Scheme of Amalgamation of Inkia Inks Private Limited with True Colors Limited. Its effective date is 01.04.2026. This allows True Colors Limited to convene meetings of its equity shareholders and unsecured creditors within 45 days.

- The Board approved the formation of a Joint Venture Company (JV) for manufacturing and marketing paper-based products, with True Colors holding 50%. Expected incorporation within 60 days. - Re-appointed M/s. Dali Shah & Associates as Internal Auditor and M/s. B H Kevadiya & Co. as Cost Auditor for FY 2026-27. - Appointed M/s. ALAP & Co. LLP as Secretarial Auditor for FY 2026-27 to 2030-31.

- Board meeting on August 17, 2026, approved forming a 50% Joint Venture "True Colors Advance Materials Private Limited" for paper-based products manufacturing/marketing, to be incorporated within 60 days. - Also approved re-appointment of Internal and Cost Auditors and appointment of Secretarial Auditor for FY 2026-27.

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- True Colors Limited's transferor entity, Inkia Inks Private Limited, is participating in Future Print, Brazil, from July 14-17, 2026. - They will showcase latest formulations for direct-to-textile and transfer workflows, emphasizing sustainable, high-performance inks.

True Colors Limited is building India's digital printing ecosystem, with recurring revenue from consumables contributing approximately 50% of its total revenue. Management guided for 20-22% top-line growth over the medium term, expecting profitability growth to outpace revenue. EBITDA margins are projected to improve from the current 14-16% sustainable range due to strategic backward integration. The company plans INR 100-115 crores in CAPEX for ink manufacturing, aiming for 150 tons/month by FY27 (Phase-1) and 500 tons/month by FY28 (Phase-2), to reduce import dependence. Negative operating cash flow in FY26, attributed to working capital pressures (MSME payments, advanced terms), has reportedly normalized in Q1 FY27.

True Colors Limited declared the non-applicability of the Annual Secretarial Compliance Report for the year ended March 31, 2026. As per Regulation 24A of SEBI (LODR) Regulations, 2018, companies listed on the SME Exchange are exempt from submitting this report.

True Colors Limited has provided the link to the audio recording of its Investor Conference Call held on Friday, May 22, 2026, at 03:00 p.m. (IST). The transcript of the investors meet will be uploaded in due course.

True Colors Limited reported its FY26 results. Revenue stood at ₹302Cr vs ₹234Cr (▲29% YoY), EBITDA at ₹47.0Cr vs ₹41.0Cr (▲14.7% YoY), and PAT at ₹31Cr vs ₹24Cr (▲29% YoY). EBITDA Margin was 15.58% vs 17.52% (▼194bps). Management noted strong operational volume growth across verticals and a shift towards in-house ink manufacturing for future profitability, with normalized collections in Q1 FY27.

Standalone Revenue ₹30,154.74 Lakhs vs ₹23,336.55 Lakhs (▲29.21% YoY), EBITDA ₹4,660.87 Lakhs vs ₹3,987.76 Lakhs (▲16.88% YoY), PAT ₹3,115.63 Lakhs vs ₹2,422.53 Lakhs (▲28.69% YoY). EBITDA Margin 15.46% vs 17.09% (▼163bps). The company also reported an unmodified audit opinion and no deviation in the utilization of IPO funds.

Standalone Revenue ₹301.55 Cr vs ₹233.37 Cr (▲29.21% YoY), EBITDA ₹46.61 Cr vs ₹39.88 Cr (▲16.87% YoY), PAT ₹31.16 Cr vs ₹24.23 Cr (▲28.68% YoY) for the year ended March 31, 2026, compared to the previous year. EBITDA Margin 15.46% vs 17.10% (▼164bps). The company also confirmed an unmodified audit opinion and no deviation in IPO fund utilization.

True Colors Limited has scheduled an Earnings Conference Call on Friday, May 22, 2026, at 03:00 P.M. IST to discuss its Audited Financial Results for the Half Year and Full Year ended March 31, 2026.

True Colors Limited announced that a Board Meeting will be held on May 20, 2026, to consider and approve the Audited Financial Results for the half year and year ended March 31, 2026. The trading window for designated persons has been closed from April 1, 2026, and will reopen 48 hours after the results are made public.

True Colors Limited received an observation letter from the Bombay Stock Exchange (BSE) on May 14, 2026, regarding its proposed Scheme of Amalgamation with Inkia Inks Private Limited. The BSE has provided its observations and requirements for the scheme but stated "no adverse observations" with respect to listing/de-listing/continuous listing requirements, thereby enabling the company to file the scheme with the National Company Law Tribunal (NCLT). The observation letter is valid for six months, within which the scheme must be submitted to NCLT, and the merger remains subject to other statutory and shareholder approvals.

True Colors Limited announced the successful passing of all three resolutions through a postal ballot (e-voting) concluded on May 09, 2026. The approved resolutions include the alteration of the Object Clause of the Memorandum of Association, an increase in the Board's borrowing powers under Section 180(1)(c) and authorization to create a charge under Section 180(1)(a) of the Companies Act, 2013, and the ratification of the Cost Auditor's remuneration. All resolutions passed with the requisite majority.

True Colors Limited announced the voting results of its Postal Ballot, conducted via remote e-voting, for resolutions contained in the Postal Ballot Notice dated April 08, 2026. All three resolutions were passed with the requisite majority on May 09, 2026. The approved resolutions include altering the Object Clause of the Memorandum of Association, increasing the Board's borrowing powers and authorising the creation of charge, and ratifying the remuneration of the Cost Auditor.

True Colors Limited announced the launch of new industrial printing solutions on May 8, 2026, strategically expanding into Commercial Printing, Labeling, and Flexible Packaging segments. The new product lines include various printing and finishing machines for books, labels, and flexible packaging. This expansion targets both domestic and international markets (India, Middle East, Southeast Asia), aiming to strengthen market position, reduce textile-focused dependency, and capitalize on high-growth industrial printing.