True Colors Ltd

True Colors Limited approved related party transactions totaling up to Rs 50.00 Crores, Rs 5.00 Crores, and Rs 500.00 Crores, respectively, to support the establishment and development of its subsidiary, TCAMPL, for the period ending November 29, 2027. The transactions include an investment of up to Rs 50.00 Crores, loans and advances with an interest rate not less than that prescribed under Section 186 of the Companies Act, 2013, reimbursement of expenses up to Rs 5.00 Crores, and guarantees/security for TCAMPL loans up to Rs 500.00 Crores. These transactions, intended to be conducted on an arm’s length basis and in compliance with applicable regulations, require approval from True Colors Limited’s Board of Directors, and involve key individuals, Mr. Sagarkumar Bipinbhai Mulani and Mr. Ashishkumar Durlbhbhai Mulani, who hold shares in TCAMPL.

True Colors Limited, formerly known as True Colors Private Limited, announced that its board of directors approved advancing loans and providing guarantees to True Colors Advance Materials Private Limited, alongside increasing limits for loans, investments, guarantees, and security creation under the Companies Act, 2013. The board also approved material related party transactions with True Colors Advance Materials Private Limited and appointed National Securities Depository Limited as a remote e-voting agency, and M/s. Prasad & Partners LLP as scrutinizer for an upcoming Extraordinary General Meeting.

True Colors Limited, formerly known as True Colors Private Limited, will hold a board meeting on Friday, October 30, 2026, to consider and approve the standalone and consolidated unaudited financial results for the half year ended September 30, 2026, in compliance with SEBI regulations. Trading window for promoters, directors, senior managerial personnel, and connected persons has been closed from October 1, 2026, and will reopen 48 hours after the results are generally available.

True Colors Limited submitted a certificate to the Bombay Stock Exchange confirming that Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 is not applicable for the quarter ended September 30, 2026, as all shares are held in demat form and no rematerialisation requests were received, according to a filing by BIGSHARE SERVICES PRIVATE LIMITED, the company’s Registrar and Share Transfer Agent.

True Colors Limited, formerly known as True Colors Private Limited, convened a meeting of its equity shareholders on Monday, September 28, 2026, as directed by the Hon’ble National Company Law Tribunal, Ahmedabad Bench, to consider and approve the Scheme of Amalgamation between Inkia Inks Private Limited and True Colors Limited, along with their respective shareholders and creditors. The meeting, chaired by Mr. Ramdas Bhagwandas Gupta, was conducted via video conference and included a remote e-voting facility that ran from Friday, September 25, 2026, to Sunday, September 27, 2026, with additional e-voting available immediately following the meeting.

True Colors Limited, formerly True Colors Private Limited, will close its trading window for designated and connected persons, including their immediate relatives, from October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the half year ended September 30, 2026, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

True Colors will hold a meeting of the Board of Directors of the Company on 20 May 2026.

True Colors will hold a meeting of the Board of Directors of the Company on 10 November 2025.Powered by Capital Market - Live

The scrip was listed at Rs 191, matching the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 191 and a low of Rs 181.45. About 20.48 lakh shares of the company changed hands at the counter. True Colors' IPO was subscribed 42.36 times. The issue opened for bidding on 23 September 2025 and it closed on 25 September 2025. The price band of the IPO was fixed between Rs 181 to 191 per share. The IPO comprised 66,99,600 equity shares, including a fresh issue of 56,99,600 equity shares and offer for sale (OFS) of 10,00,000 equity shares. The company intends to utilize the net proceeds for funding working capital requirements of the company, repayment/prepayment of all or certain of borrowings availed of by the company and general corporate purposes. Ahead of the IPO, True Colors on 22 September 2025, raised Rs 36.39 crore from anchor investors. The board allotted 19.05 lakh shares at Rs 191 each to 24 anchor investors. True Colors is engaged in importing and distributing digital textile printers, along with manufacturing and supplying related products. The company reportedly operates in three main areas: importing wide-format printers from reputed global brands with dealership agreements, supplying specialized inks for various fabric types, and offering installation and after-sales support. It also has an in-house sublimation paper manufacturing unit to ensure quality and steady supply. Additionally, it provides digital textile printing services, including job-work printing and custom-printed fabric supply for clients who prefer outsourcing. As of 30 June 2025, the company had total 671 employees. The company recorded revenue from operations of Rs 233.66 crore and net profit of Rs 24.69 crore for the year ended 31 March 2025. Powered by Capital Market - Live

The equity shares of True Colors (Scrip Code: 544531) are listed effective 30 Septmeber 2025 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities.'At 9:12 IST, the pre-open indicative price of the stock was flat compared to its IPO price of Rs 191. Powered by Capital Market - Live