Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the meeting of Board of Directors of the company is held on Wednesday, 8th April, 2026 ....
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True Colors Ltd held its Board meeting on April 8, 2026, which approved three key items: (1) alteration of the Memorandum of Association object clause to expand business activities to include manufacturing and trading of inks (digital textile, sublimation, reactive inks), chemical products, textile dyes, pigments, and textile printing machinery; (2) authorization to borrow money under Section 180(1)(c) of the Companies Act; and (3) a postal ballot notice for shareholder approval on these matters. The meeting lasted from 11:00 AM to 12:45 PM. The MOA amendment significantly broadens the company's scope beyond its current operations to include ink manufacturing and textile machinery trading.
The expansion of business objects signals the company's intent to diversify into ink manufacturing and textile machinery trading, potentially opening new revenue streams. Shareholders will vote on these changes via postal ballot, with borrowing authorization providing financial flexibility for growth initiatives.