True Colors Limited shareholders approved the Scheme of Amalgamation with Inkia Inks Private Limited during a meeting convened by the National Company Law Tribunal (NCLT), Ahmedabad Bench, on September 28, 2026. The resolution passed via video conferencing marks a key procedural step in the corporate restructuring process.

The meeting was conducted pursuant to an order dated August 17, 2026, issued by the Hon'ble NCLT in Company Application No. C.A.(CAA)/30(AHM)/2026. Mr. Ramdas Bhagwandas Gupta, former Registrar of Companies and Official Liquidator, served as the Chairman appointed by the Tribunal. The session commenced at 10:30 am and concluded at 11:07 am.

Voting Results and Shareholder Approval

The resolution to approve the Scheme of Amalgamation was passed with a 99.9967% majority in favour across all shareholder categories. Out of 24,654,600 total equity shares, 18,017,516 votes were polled, representing 73.08% of the outstanding share capital. Only 600 votes were cast against the proposal, all from a single public non-institutional shareholder.

Promoters and promoter group members voted unanimously in favour, casting 16,932,196 votes, which constituted 99.69% of their total holding. Public institutional shareholders also voted unanimously in favour, with 897,392 votes cast for the scheme. Public non-institutional shareholders showed minimal dissent, with 187,328 votes in favour versus 600 votes against.

Meeting Proceedings and Voting Mechanism

The company facilitated participation through Video Conferencing (VC) and Other Audio Visual Means (OAVM). Remote e-voting was available from September 25, 2026, to September 27, 2026. Additionally, shareholders present virtually who had not voted earlier were granted a 15-minute window for e-voting immediately following the meeting's conclusion.

Mr. Mahendrakumar P. Parmar, Advocate, was appointed by the NCLT as the Scrutinizer to ensure fair and transparent scrutiny of the voting process. No speakers registered for the meeting, and no queries or clarifications were raised by equity shareholders during the open floor. The Scrutinizer's report confirmed that no invalid votes were recorded.

Administrative Corrections Noted

During the proceedings, the Chairman addressed a corrigendum regarding Annexure 11 of the meeting notice. The original notice incorrectly referred to the document as the "Complaint Report dated March 24, 2026." The corrected reference identifies it as the "Complaint Report dated January 12, 2026," submitted by the company to the BSE. The revised document replaced the earlier version and was made available to stakeholders prior to the vote.

Regulatory Compliance

The proceedings were conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A summary of the proceedings has been uploaded to the company's website, along with the video recording of the meeting. Details of the voting results required under Regulation 44(3) will be submitted separately to the stock exchanges.

What the Numbers Show

The voting pattern reveals strong promoter alignment with the amalgamation, as promoters voted their entire holding in favour. Public institutional investors also displayed unanimous support, suggesting confidence in the strategic rationale of merging Inkia Inks with True Colors. The negligible dissent from public non-institutional holders (0.32% of their votes) indicates broad acceptance among retail shareholders as well.

The Anup Engineering Limited has joined True Colors Ltd, Blue Blends (India) Limited, and D.P. Abhushan Limited in notifying stock exchanges of a change in the name of their appointed secretarial audit firm. The firm previously known as M/s. ALAP & Co. LLP is now operating as M/s. Prasad and Partners LLP.

These intimations were filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. True Colors clarified that this update follows an earlier appointment made on August 17, 2026, for a five-year term spanning FY27 to FY31. Blue Blends referenced an earlier intimation dated May 21, 2026, regarding the appointment of the same firm for FY26. Anup Engineering cited an earlier intimation dated May 13, 2025, regarding the appointment of the firm for five consecutive years from FY26 to FY30. D.P. Abhushan Limited referenced its earlier intimation regarding the outcome of the Board Meeting held on September 3, 2025, concerning the appointment of M/s. ALAP & Co. LLP for a term of five consecutive financial years commencing from FY26.

Nature of the Change

The modification is strictly administrative, relating solely to the rebranding or renaming of the professional services firm. All four companies explicitly stated that there is no alteration to the terms of appointment, the tenure of the engagement, or the scope of work assigned to the auditor.

Regulatory Compliance

The disclosures ensure that exchange records reflect the current legal entity name of the appointed secretarial auditor. Javanika Gandharva, Company Secretary and Compliance Officer, signed the communication on behalf of True Colors Ltd, requesting the exchange to update its records accordingly.

For Blue Blends (India) Limited, Ritesh Rajkumar Chokhani, CFO and Whole-time Director, signed the letter dated September 24, 2026, addressed to both Bombay Stock Exchange Limited and National Stock Exchange Limited. The company requested the exchanges to take the information on record and update the auditor's name in their records.

Similarly, Lay Desai, Company Secretary of The Anup Engineering Limited, signed the intimation dated September 24, 2026, addressed to BSE Limited and National Stock Exchange of India Limited. The company requested the exchanges to update the name of the secretarial auditor in their records.

D.P. Abhushan Limited also filed its intimation on September 24, 2026. Santosh Kataria, Chairman and Managing Director, signed the communication to BSE Limited and National Stock Exchange of India Limited, requesting them to update the name of the Secretarial Auditor in their records.