True Colors sets Inkia Inks merger meetings for 2026

Stock snapshot and company context

True Colors Ltd, a micro-cap company in the industrial products sector, has a market capitalisation of about INR 382 crore. The stock was quoted around ₹145.8 as of 27 September 2026, and it was also seen at ₹147.85 with a fall of ₹2.15 (-1.43%) in the provided market data. Another datapoint shows the stock near ₹145.00 with a decline of ₹0.80 (-0.55%). The company’s 1-year return was indicated at about -20.46% to -20.79% across the snapshots shown.

Against this market backdrop, the key corporate developments are not operational updates but process-driven announcements tied to shareholder and creditor meetings, including a corrigendum to a meeting notice and AGM-related disclosures.

NCLT order sets the framework for the amalgamation process

The National Company Law Tribunal (NCLT), Ahmedabad Bench, passed an order dated 17 August 2026 in Company Application No. CA(CAA)/30(AHM)2026, relating to the proposed scheme of amalgamation of Inkia Inks Private Limited with True Colors Limited. The order sanctioned the first motion in the proposed amalgamation.

As part of the directions, meetings of equity shareholders, secured creditors and unsecured creditors of Inkia Inks Private Limited were dispensed with, based on consents received. For True Colors Limited, the Tribunal directed meetings of its equity shareholders and unsecured creditors, while dispensing with the meeting of secured creditors. The order required that the directed meetings be convened within 45 days from the date of the order. The case citation shared was 2026 LLBiz NCLT (AHM) 879.

The Bench included Judicial Member Chitra Hankare and Technical Member Dr V.G. Venkata Chalapathy.

Corrigendum and newspaper publication for the meeting notice

True Colors issued a corrigendum to the notice of the meeting of equity shareholders scheduled on Monday, September 28, 2026. The corrigendum was published through a newspaper publication and specifically referenced the NCLT Ahmedabad Bench order dated August 17, 2026.

The company’s disclosure stated that the corrigendum relates to the notice of the meeting of equity shareholders scheduled at 10:30 a.m. IST on September 28, 2026. This disclosure was positioned as a compliance step aligned with the Tribunal’s directions and the meeting process.

Separately, the company also informed the exchange about a newspaper advertisement for meetings convened by the Hon’ble NCLT, Ahmedabad Bench, for equity shareholders and unsecured creditors.

Meeting schedule: equity shareholders and unsecured creditors

True Colors will convene the NCLT-directed meetings through video conferencing or other audio-visual means. The meetings are set for Monday, September 28, 2026, with separate start times for equity shareholders and unsecured creditors.

Remote e-voting is available to eligible participants ahead of the meeting. The company also disclosed cut-off dates for voting eligibility for shareholders and for creditors.

The company stated that the results will be declared within two working days of the conclusion of the meetings.

Board meeting outcome: Directors’ Report and AGM planning

In a board meeting held on September 3, 2026, True Colors approved the Directors’ Report for the financial year 2025-26. In the same meeting outcome disclosure, the company fixed September 30, 2026, for its 5th Annual General Meeting.

The AGM is scheduled for Wednesday, September 30, 2026, at 11:30 a.m., and it will be conducted via video conferencing or other audio-visual means (VC/OAVM). The company also appointed NSDL for e-voting and appointed a scrutinizer for the process.

In another disclosure stream, the company intimated the publication of a newspaper advertisement related to the 5th Annual General Meeting, with the source indicated as BSE and the date shown as 09 September 2026.

Dividend recommendation and key record date

True Colors’ board recommended a final dividend of Rs. 0.05 per equity share for FY 2025-26, subject to shareholder approval. The record date disclosed for determining eligible members for e-voting and dividend was September 23, 2026.

At the same time, the dataset also stated that there is no dividend history available. This suggests prior dividend tracking may not be present in the referenced source, while the FY 2025-26 final dividend recommendation is part of the current set of corporate actions pending approval.

Secretarial auditor name change disclosure

True Colors disclosed that the firm previously known as M/s. ALAP & Co. LLP is now operating as M/s. Prasad and Partners LLP. The company stated there is no change in terms or tenure as part of this name-change disclosure.

This kind of update typically matters for compliance documentation and continuity, especially when multiple filings, voting processes, and tribunal-directed meetings are underway.

What investors should track next

The immediate focus is on process milestones rather than financial projections. The key event is the September 28, 2026 meeting cycle for equity shareholders and unsecured creditors to consider and approve the scheme of amalgamation with Inkia Inks Private Limited, as directed by the NCLT.

Investors tracking the stock should watch for the declared results within two working days after the meetings conclude, since the company has committed to that timeline. A separate near-term event is the 5th AGM on September 30, 2026, including shareholder voting outcomes on routine matters and the final dividend recommendation.

Summary of key dates and disclosures

The NCLT order of August 17, 2026 set the structure for the first motion and meeting requirements for True Colors, while dispensing with certain meetings for Inkia Inks Private Limited. True Colors followed up with meeting notices, newspaper advertisements, and a corrigendum related to the equity shareholder meeting notice.

Conclusion

True Colors’ latest disclosures are centred on regulatory and shareholder processes, led by the NCLT Ahmedabad Bench’s August 17, 2026 order for the Inkia Inks amalgamation. The next confirmed steps are the September 28 meetings for equity shareholders and unsecured creditors, followed by the company’s 5th AGM on September 30, 2026. The company has also indicated that meeting results will be declared within two working days after the meetings conclude.