Voting Result of Postal Ballot conducted through remote E-voting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
True Colors Ltd has announced the results of its Postal Ballot conducted via remote e-voting, where shareholders voted on three resolutions. All resolutions were passed with overwhelming majority (approximately 99.97-99.98% in favor). Resolution 1 approved alteration of the Object Clause of the Memorandum of Association. Resolution 2 approved an increase in the Board's borrowing powers under Section 180(1)(c) and authorized creation of charge under Section 180(1)(a) of the Companies Act, 2013. Resolution 3 ratified the remuneration of the Cost Auditor. The e-voting period ran from April 10, 2026 to May 9, 2026, with 1,592 shareholders eligible to vote as of the cut-off date of April 3, 2026.
The approval of increased borrowing powers gives the Board greater flexibility to raise debt or credit facilities in the future, which could signal potential expansion plans or working capital needs. All resolutions passing with near-unanimous support indicates strong shareholder confidence in management decisions.