True Colors Limited has issued a postal ballot notice for member approval of key corporate resolutions following its board meeting held on April 08, 2026. The company announced the outcome of the board meeting where directors approved strategic amendments requiring shareholder consent through remote e-voting process.

Postal Ballot Process and Timeline

The postal ballot notice, dated April 08, 2026, outlines the voting process for three key resolutions. The company has appointed Mr. Shubham Agarwal, Proprietor of M/s CSA and Associates, as the scrutinizer to conduct the postal ballot process.

The notice will be sent electronically to members whose email addresses are registered with Bigshare Services Private Limited, the company's registrar and transfer agent.

Regulatory Compliance and Publication

True Colors Limited has intimated BSE Limited about the newspaper advertisement publication for the postal ballot notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement was published on April 10, 2026 in two newspapers:

Key Resolutions for Approval

The postal ballot covers three significant corporate decisions requiring member approval:

Memorandum of Association Amendment

The proposed alteration involves replacing Clause III(A)(3) of the main object clause to expand True Colors Limited's business scope. The amended clause will authorize the company to manufacture, formulate, process, and develop various ink products including digital textile inks, sublimation inks, reactive inks, and pigmented inks. Additionally, it will enable trading in textile dyes, pigments, coating, pre-treatment and post-treatment chemicals, along with textile printing machinery and spare parts.

Enhanced Borrowing Powers

The company seeks approval to increase its borrowing powers from the previous limit of ₹100.00 crores to ₹300.00 crores under Section 180(1)(c) of the Companies Act, 2013. This enhancement is intended to support the company's strategic expansion plans, particularly in developing manufacturing capabilities in the consumables segment and setting up ink manufacturing facilities.

Corporate Governance Compliance

True Colors Limited will conduct the member approval process through postal ballot with remote e-voting facilities, ensuring compliance with regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations. Company Secretary and Compliance Officer Javanika Gandharva has signed the regulatory filing, confirming the board's decisions and initiating the member approval process.

True Colors Limited has announced a significant expansion of its renewable energy infrastructure with the development of a new solar power project that will substantially increase its captive energy generation capacity. The initiative represents a strategic move towards enhanced sustainability and operational efficiency in the company's manufacturing operations.

Solar Capacity Expansion Details

The company has initiated development of a solar power project with approximately 2.5 MW capacity for captive consumption. The project is expected to be commissioned starting from June 2026 onwards, subject to completion of applicable regulatory procedures. True Colors Limited has already received renewable energy grid connectivity approval for captive consumption from Dakshin Gujarat Vij Company Limited (DGVCL) for the proposed installation.

Total Solar Infrastructure Overview

Upon completion of the new project, True Colors Limited's comprehensive solar infrastructure will include multiple installations across its facilities. The company currently operates an existing 1 MW rooftop solar power plant and has recently commissioned an additional 1 MW rooftop solar installation.

Expected Energy Generation and Financial Impact

At optimal operating conditions, the company's expanded solar infrastructure is expected to generate approximately 50 lakh units (kWh) of renewable electricity annually. This renewable energy generation is equivalent to approximately ₹4-4.5 crore per year based on prevailing industrial electricity tariffs.

With this capacity expansion, approximately 60% of the company's total energy requirements will be met through solar power. The company notes that while solar installations have potential to contribute towards energy cost optimization over time, the actual financial impact on profitability will depend on multiple operational factors including utilization of generated power, manufacturing capacity utilization, production volumes, and prevailing electricity tariffs.

Strategic Benefits and Long-term Vision

The solar capacity expansion supports True Colors Limited's broader strategy to develop a sustainable, energy-efficient, and scalable manufacturing ecosystem. Key strategic benefits expected from this initiative include:

• Improved long-term energy cost efficiency supporting operating stability in a growing manufacturing environment
• Enhanced energy independence enabling more reliable and uninterrupted manufacturing operations
• Reduction in carbon footprint strengthening alignment with sustainability expectations of global customers and supply chains
• Integration of renewable energy into core manufacturing infrastructure reinforcing long-term competitiveness

As True Colors Limited continues to expand its manufacturing capabilities and strengthen its position within the digital textile printing ecosystem, investments in renewable energy infrastructure are expected to play a strategic role in supporting sustainable growth, operational efficiency, and long-term value creation for stakeholders.