Disclosure under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding Press Release titled "True Colors & ITACA Join Forces"
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True Colors Limited has signed a distribution agreement with ITACA (Innovaciones Técnicas Aplicadas a Cerámicas Avanzadas S.A.U.), a Spain-based maker of digital inks and color chemistry products. Under the deal, True Colors becomes ITACA's non-exclusive distributor in India, handling sales, marketing, and after-sales support for ITACA's digital textile printing consumables. True Colors will import and locally stock ITACA's pigment and dye-based inks, plus pre- and post-treatment chemistries, at its Surat facility, while providing first-line technical and color management support. The partnership expands True Colors' consumables portfolio alongside its existing digital printers, sublimation paper, and printing services, targeting India's digital textile printing market which the company projects to grow at around 13% CAGR through 2033.
This is a revenue-accretive distribution deal that adds a high-margin, recurring consumables stream to True Colors' business, but it is non-exclusive and not a joint venture or acquisition, so the direct financial impact is expected to be gradual rather than immediately material for shareholders.