True Colors Limited (BSE: TRUECOLORS), a prominent player in the textile industry, has announced its unaudited financial results for the half-year ended September 30, 2025, showcasing significant growth and a successful Initial Public Offering (IPO).

Financial Highlights

The company reported a substantial increase in its revenue and profitability for H1 FY2026:

True Colors Limited demonstrated robust growth with revenue from operations reaching ₹15,111.36 lakhs, a 68.4% increase from the previous year's ₹9,259.21 lakhs. The company's profit after tax surged to ₹1,355.70 lakhs, marking a significant 281.1% rise from ₹355.70 lakhs in the corresponding period last year.

Successful IPO and Listing

True Colors Limited completed its Initial Public Offering and listed on the SME platform of BSE Limited on September 30, 2025. The company issued 56,99,600 equity shares at ₹10 each with a premium of ₹181 per share, raising a total of ₹10,886.24 lakhs.

Utilization of IPO Proceeds

The company has fully utilized the IPO proceeds as follows:

Improved Financial Position

As of September 30, 2025, True Colors Limited reported a significant improvement in its financial position:

• Cash and cash equivalents increased to ₹12,458.62 lakhs from ₹725.77 lakhs as of March 31, 2025.
• Shareholders' funds strengthened to ₹19,716.59 lakhs, up from ₹5,549.06 lakhs at the end of the previous financial year.

Management Commentary

Sagarkumar Bipinbhai Mulani, Director & CFO of True Colors Limited, commented on the results, stating, "We are pleased with our performance in the first half of FY2026. The substantial growth in revenue and profitability reflects the strong demand for our products and the successful execution of our business strategies. The successful completion of our IPO has further strengthened our financial position, enabling us to pursue our growth objectives with greater vigor."

The company's board of directors approved these unaudited financial results at their meeting held on November 10, 2025. True Colors Limited continues to focus on its core business activities within India, with no separate reportable business or geographical segments as per Accounting Standard 17 on "Segment Reporting."

As True Colors Limited moves forward, it aims to capitalize on its strengthened financial position and market presence to drive further growth and create value for its shareholders.

True Colors Limited (BSE: TRUECOLORS, 544531) has scheduled an earnings conference call to discuss its unaudited financial results for the half-year ended September 30, 2025. The call is set to take place on Thursday, November 13, 2025, at 2:30 PM.

Key Details of the Conference Call

Management Speakers

The call will feature key members of True Colors Limited's management team:

• Mr. Satishkumar Panchani, Executive Director & CEO
• Mr. Sagarkumar Mulani, Executive Director & CFO
• Ms. Javanika Gandharva, Company Secretary

Important Notes for Participants

1. Participants are advised to dial in 10 minutes prior to the conference schedule to ensure timely connection.
2. The company has noted that the meeting may be cancelled, rescheduled, or postponed due to exigencies on the part of analysts, investors, or company officials.
3. Statements made during the conference call may include forward-looking statements. These are subject to risks and uncertainties, including significant changes in the economic environment in India and abroad.
4. The company and its management will not be responsible for any actions taken based on statements and discussions during the call.

This earnings call provides an opportunity for investors and analysts to gain insights into True Colors Limited's financial performance for the first half of the fiscal year 2026.

Contact Information

For more information about the conference call, interested parties can contact:

• Phone: +91 80822 26688
• Email: info@equibridgex.com
• Website: www.equibridgex.com

Company Information

True Colors Limited, formerly known as True Colors Private Limited, is headquartered in Surat, Gujarat. The company's registered office is located at True Colors House, P-8, GR Flr to 3rd Flr, Rajhans Zesto, Khatodara, Surat, Gujarat, India, 395002.