Governance Neutral

2026-10-01 17:43

- True Colors Ltd held its 5th Annual General Meeting (AGM) on September 30, 2026, through video conferencing. - All ordinary and special resolutions, including the adoption of financial statements, re-appointment of Managing Director Mr. Sanjay Raghubhai Desai, and ratification of cost and secretarial auditors, were passed with requisite majority.

Governance Positive

2026-09-30 16:45

- True Colors Limited held its 5th Annual General Meeting (AGM) on September 30, 2026, through Video Conferencing (VC) / OAVM. - FY26 Financial Performance: Revenue from operations stood at ₹301.55 crore, EBITDA at ₹46.98 crore, and Profit After Tax at ₹31.16 crore. - Key strategic initiatives discussed include entering ink manufacturing under the INKIA brand, proposed amalgamation with Inkia Inks, and partnership with ITACA, Spain. - Priorities for FY27 include installing over 100 machines, expanding into commercial, label and flexible packaging printing, and scaling up ink capacity.

Governance Neutral

2026-09-28 20:35

- True Colors Limited held its NCLT-convened equity shareholders meeting on September 28, 2026, via Video Conferencing. - The meeting was convened pursuant to the NCLT order dated August 17, 2026, to consider the Scheme of Amalgamation of Inkia Inks Private Limited with the company. - Remote e-voting was held from September 25 to September 27, 2026, along with e-voting during the meeting facilitated through NSDL. - A corrigendum was issued to correct an inadvertent reference in Annexure 11 of the Notice regarding compliance and complaint reports.

Governance Positive

2026-09-28 20:35

- True Colors Limited held its NCLT-convened meeting of equity shareholders on September 28, 2026, to consider and approve the Scheme of Amalgamation of Inkia Inks Private Limited with True Colors Limited. - The resolution for the Scheme of Amalgamation was successfully passed by the requisite majority under Section 230 of the Companies Act, 2013 and SEBI regulations. - Total valid votes polled were 18,017,516, with 99.9967% votes cast in favor of the resolution.

Routine Neutral

2026-09-28 20:21

- Trading window for dealing in securities of the company will remain closed from October 1, 2026. - Closure will continue until 48 hours after the declaration of Unaudited Financial Results for the half year ended September 30, 2026. - Date of the Board Meeting to consider financial results will be intimated in due course.

Governance Neutral

2026-09-24 18:03

- Intimation regarding the change in name of the Secretarial Auditor of True Colors Ltd. - The name of the audit firm has changed from M/s. ALAP & Co. LLP to M/s. Prasad and Partners LLP, Company Secretaries. - Terms, tenure, and scope of the appointment remain unchanged.

Governance Neutral

2026-09-22 20:28

- True Colors Limited issued a corrigendum to the Notice of Meeting for Equity Shareholders on Sep 28, 2026, to consider a Scheme of Amalgamation. - It corrects an inadvertent error in document reference, clarifying that Annexure 11 is the 'Complaint Report dated January 12, 2026', showing zero complaints.

Governance Neutral

2026-09-03 18:54

- Board meeting held on September 03, 2026. - Approved the Directors Report for the financial year 2025-26. - Fixed the 5th Annual General Meeting (AGM) for September 30, 2026, at 11:30 A.M. (IST) through VC / OAVM. - Appointed NSDL for e-voting and M/s. PRASAD AND PARTNERS LLP as Scrutinizer for the AGM.

Governance Neutral

2026-08-27 21:23

- 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.

Business Update Positive

2026-08-19 18:36

- 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.

Business Update Positive

2026-08-17 19:05

- 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.

Business Update Positive

2026-08-17 18:55

- 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.

Routine Neutral

2026-07-14 12:10

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Business Update Positive

2026-07-03 17:58

- 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.

Business Update Positive

2026-05-26 18:19

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.

Routine Neutral

2026-05-25 16:15

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.

Business Update Neutral

2026-05-22 18:11

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.

Financials Positive

2026-05-21 18:18

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.

Financials Positive

2026-05-20 16:28

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.

Financials Positive

2026-05-20 15:41

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.

Financials Neutral

2026-05-18 17:55

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.

Financials Neutral

2026-05-15 18:00

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.

Business Update Positive

2026-05-15 12:25

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.

Governance Positive

2026-05-11 16:01

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.

Governance Neutral

2026-05-11 15:56

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.

Business Update Positive

2026-05-08 10:40

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.

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True Colors Ltd

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