Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith Newspaper Article titled- India''s SME Growth Story published in ....

To September 02, 2026 The Manager- Listing Department, BSE Limited P.J. Towers, Dalal Street, Fort, Mumbai- 400001, Maharashtra, India. Scrip ID/Code: TRUECOLORS/544531 Subject: Newspaper Article titled — India’s SME Growth Story published in “Business Standard” on September 02, 2026. Reference No.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Respected Sir/ Madam, AP R reu tqr iu cs liu era en tmt ie tn lt et do s ) R Re e Ig g nu u dl ila aa ’t t si i o onn Ss M, 3 E20 0 G15 rof , wpt tlh hee a s Se tS oE f riB ynI d pe u( n bL ci lls iot ssi hn e eg d h e iO r nb e l wi “ig Ba t ut h si o ian so spa yn Sd o tf N nD ei dws ac rsl dpo ”as pu oer nre September 02, 2026. A copy of the same will also be uploaded on the Company’s website. We request you to take the above information on your records. Thanking you. Yours Faithfully. For True Colors Limited (Formerly Known as True Colors Private Limited) Javanika Gandharva Company Secretary & Compliance Officer TRUE COLORS LIMITED (Formerly known as TRUE COLORS PRIVATE LIMITED) © 491 92743-35001 9 REGISTERED OFFICE 9 FACTORY ®= wi won wf .o t@t rr uu ee c.c oo l oo rr ss gg rr oo uu pp .. cc oo mm T SS uro rum aea t k ,C ao Gnl ujo jir a s rn aiH t o ,W ua Isd nei d, i, a ,PP -a8 3t, 9e l 5G 0RL 0i n 2Fei ,r tKoh a3trodd aFlrr,a , || J NPal alo vat s l aNp roo ir.e - 4 3(4 9N 6&e 4a 1r5 51 P, G a uRl jaa ajs rha aan tan ( sC I nZr deo iss ats )o R oKaalda)k achha, CIN: L17299GJ2021PLC126265 | GST NO.: 24AAICT9214A1ZN | PAN NO.: AAICT9214A 9001® 201 5 OIo) aT E 4500) 120 18 Business Standard New beLHI | WEDNESDAY, 2 SEPTEMBER 2026 INDIA'S SME GROWTH STORY BY &) EquiBndgeX BS BRAND CONNECT Advisors P True Colors Limited SElaE ( True Colors builds a recur g-revenue engine around digital textile printing ) FY26 revenue rose 29.2% to ¥301.55 crore and profit after tax 28.6% to ¥31.16 crore The EBITDA margin moved lower because the year was weighted towards machine Machines: in the Surat-based company’s first full year as a listed entity. Consumables now sales, which ear standard trade margins, while every installation adds to the base The Company is targeting at least 100 new installations in FY27, after 109 in FY26, with make up half of sales, and the Company is bringing ink manufacturing in-house that buys higher-margin consumables. Earnings per share grew more slowly than profit the mix continuing to shift towards higher-value systems. Each addition widens the through the merger of group company Inkia Inks. because of the shares issued in the IPO. Net worth more than tripled to *187.14 crore, customer base for inks, paper, spares and service. and gross borrowings ended the year at ¥45.96 crore. True Colors Limited (BSE: TRUECOLORS) reported revenue from operations of ¥301.55 Paper: crore for the year ended 31 March 2026, up 29.2% from ¥233.37 crore in FY25, and Growth of this pace has a working-capital cost. Trade receivables rose to ¥111.22 crore With utilisation at 51.9%, the sublimation paper line can roughly double output without profit after tax of ¥31.16 crore, up 28.6% from 324.23 crore. The Company listed on the from ¥56.60 crore over the year, and short-term borrowings to ¥37.81 crore from 324.67 new capacity. On 17 August 2026 the Board also approved a 50:50 joint venture, BSE SME platform on 30 September 2025 at an issue price of ¥191 per share. crore. Collection discipline on the enlarged machine book will be one of the measures provisionally named True Colors Advance Materials Private Limited, to manufacture, bywhich FY27 is judged. coat and convert paper and speciality paper, a step towards securing the base paper The Company sells and services digital textile printing machines, supplies the inks and the line consumes. sublimation paper they consume, and prints fabric on its own machines. Each machine Where the growth comes from Beyond textiles: placed with a customer creates a stream of ink, paper, spare-part and service revenue Inks: On 8 May 2026 the Company launched seven product lines in commercial printing, over its working life. This is the logic of the business, and FY26 shows it working; labelling and flexible packaging, including web-to-sheet and sheet-fed book printing machine placements rose to 109 from 89, and inks and paper together contributed The Board approved the amalgamation of Inkia Inks Private Limited into the Company machines, digital label printers, label embellishment printers, flexible packaging 151.5 crore, or 50.3% of revenue. on 1 December 2025, with 83 True Colors shares to be issued for every 100 Inkia printing machines and die-cutting and finishing equipment. Phase one covers India, shares. On 17 August 2026 the National Company Law Tribunal, Ahmedabad Bench, the Middle East and Southeast Asia. Vertical What it does FY26 performance directed meetings of shareholders and unsecured creditors to consider the scheme. Energy: The Company plans to build ink capacity in three phases, to 150 tonnes a month in The Company runs 2 MW of rooftop solar capacity at its plant and is developing a Machines Distribution of digital textile | Revenue 260.94 crore, more than FY27,500 tonnes a month by FY28 and 1,000 tonnes a month over the longer term, with further 2.5 MW for captive use, expected to commission from June 2026. At about 4.5 printers from Konica Minolta, | two and a half times FY25; 109 capital expenditure of X40 crore to 45 crore, 320 crore to ¥25 crore and 40 crore to MW, solar would meet roughly 60% of its energy needs. Hopetech, Itten, Pengda, Skyjet | machines placed agains8t9 45 crore for the respective phases. Inkia has exhibited at FESPA Mexico in 2025 and at The policy backdrop and, since Nove2m02b5, eITArCA FESPA Barcelona and Future Print Brazil in 2026, pointing to export ambitions beyond of Spain the Company’s own installed base. The Ministry of Textiles has set a target of US$100 billion of textile and apparel exports by 2030, against about US$37 billion at present, and at the Textiles Summit held on 23 Management view and 24 June 2026 set out a roadmap built on value addition, product diversification, Inks Sublimation, pigment and | Volumes 1,140 tonnes, up about “FY26 was the year the model showed its sustainability, a larger share of man-made fibre and stronger manufacturing clusters, other digital inks, ~moving [19% scale. We pla109c macehindes, moosf thtem including Surat, Tiruppur and Ludhiana. The man-made fibre push matters directly to from distribution to in-house True Colors: sublimation printing, the core of its business, is used on polyester and higher-capacity systems, and took the active manufacture under the Inkia other synthetic fabrics, so a shift in the national fibre mix enlarges the market for its brand installed base past 900. Every one of those machines, inks and paper. machines will buy ink, paper and service from Disclaimer: This feature is published as sponsored content and has been prepared by Sublimation paper In-house manufacture; installed Production 12.45 crore metres; us for years. The merger of Inkia Inks brings EquiBridgeX Advisors Private Limiteodn behalfof True Colors Limited. Itis forinformation capacity of 24 crore metres a year utilisation 51.9% only and is not an offer to buy or sell securities or investment advice. Figures are drawn ink manufacturing inside the Company and from the Company’s filings with BSE Limited and other public sources believed to be ISP moves a layer of margin we currently pay reliable; no representation is made as to their accuracy or completeness. Statements Printed fabric Digitally printed fabric on the |Revenue ¥89.09 crore, up 34.8%; about future plans, capacities and targets are forward-looking and subject to risks Company's own machines; production 2.05 crore metres, away. Our priorities for FY27 are to place at least 100 more machines, to run the paper and uncertainties. Readers should conduct their own research and consult a qualified c [Showing first 8,000 characters — download PDF for full document]