True Colors Ltd

Order scope

• NCLT Ahmedabad order dated 17 August 2026 under Sections 230-232 for Inkia Inks - True Colors merger.
• Inkia Inks: dispensation of meetings for equity shareholders, secured creditors, and unsecured creditors.
• True Colors: convene meetings for equity shareholders and unsecured creditors; dispensation for secured creditors.
• Meetings to be convened within 45 days of order; Appointed Date 01.04.2026.

Capital and creditor details

• Inkia Inks: 9 equity shareholders; 1 secured creditor; 40 unsecured creditors; no preference shares.
• Inkia Inks: Authorized capital Rs 3 crore; paid-up Rs 3 crore.
• True Colors: Authorized 2.5 crore shares; issued 2,46,54,600; paid-up Rs 2.465 crore; 1 secured creditor; 329 unsecured creditors.

Regulatory and governance actions

• Appointments: Chairman Mr. R.D. Gupta; Scrutinizer Mahendra Parmar; advert/notice to creditors.
• Valuation: valuation report by IBBI-registered valuer; compliance affidavit to be filed.
• Regulatory: BSE observation dated 14 May 2026; notices/advertisements to creditors per rules.

Key Decisions

• Approved formation of JV named True Colors Advance Materials Private Limited.
• JV to be incorporated within 60 days; True Colors to hold 50% stake.
• Cash consideration for JV shares: Rs 10 per share.
• The company will own 50% in the JV; not related party.
• Proposed JV to be incorporated in India; subject to approvals.
• Objects include manufacturing, processing, coating and marketing of paper products.
• Reason for formation: leverage strengths and create long-term value.

Auditor Appointments

• Internal Auditor appointed: M/s Dali Shah & Associates for FY 2026-27.
• Cost Auditor appointed: M/s B H Kevadiya & Co for FY 2026-27.
• Secretarial Auditor appointed: M/s ALAP & Co. LLP for five-year term 2026-27 to 2030-31.

Meeting Details

• Date and time: July 18, 2026, 11:00 A.M. onwards.
• Mode: Physical / in-person investor interaction.
• Event name: Promoter Interaction 2026 — Investor Interaction Series.
• Organisers: Finavenue Growth Fund, Torin Wealth Management, GYR Capital Advisors.
• Venue: Marriott Athwalines, Ambika Niketan, Surat, Gujarat 395007.

Participants

• Company representatives: Company Secretary and Compliance Officer.

Purpose

• Purpose: Investor interaction to discuss business operations, growth strategies, and outlook.

Additional Notes

• Discussions will be based on public-domain information; no UPSI disclosed.
• Schedule subject to change.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter.
• Regulation 74(5) is not applicable as the entire holding is in demat form.

Participation at FuturePrint Brazil

• Inkia Inks Private Limited, transferor under scheme, will participate at FuturePrint Brazil 14–17 July 2026.
• Event aims to showcase direct-to-textile and transfer workflows with focus on sustainable, high-performance inks.
• FuturePrint São Paulo 2026 expects 40,000 visitors and 600 exhibitors.
• Inkia Inks offers reactive, pigment, sublimation, and disperse chemistries for inkjet workflows.