Scrutinizer''s Report on the E-voting Results of the Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
True Colors Ltd conducted a postal ballot through remote e-voting with results declared on May 11, 2026. Three resolutions were passed with overwhelming shareholder approval. Resolution 1 (Special) approved alteration of the Object Clause of the Memorandum of Association, passed with 99.98% votes in favour. Resolution 2 (Special) approved an increase in the Board's borrowing powers under Section 180(1)(c) and authorized creation of charges under Section 180(1)(a) of the Companies Act, 2013, passed with 99.97% votes in favour. Resolution 3 (Ordinary) ratified the remuneration of the Cost Auditor, also passed with 99.97% votes in favour. A total of 1,592 shareholders were eligible to vote as of the cut-off date of April 3, 2026.
The passing of these resolutions indicates shareholder support for expanded borrowing capacity and potential business expansion through object clause alteration. The voting results show strong promoter support (near 100%) with minimal public participation, suggesting routine corporate governance matters rather than any significant strategic shift.