Unaudited Standalone and Consolidated Financial Results for the half year ended on September 30, 2026.

October 30, 2026 The Manager- Listing Department, BSE Limited P.J. Towers, Dalal Street, Fort, Mumbai- 400001, Maharashtra, India. Scrip ID/Code: TRUECOLORS/544531 Subject: Outcome of Board Meeting of the Company held on October 30, 2026 and submission of Unaudited Standalone and Consolidated Financial Results for the half year ended on September 30, 2026. Reference No.: Regulation 30 & 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015. Respected Sir/ Madam, We refer to our letter dated October 26, 2026 informing the date of Meeting of the Board of Directors of the Company. Please note that the Board of Directors in their meeting held today at its registered Office situated at P- 8, Gr FIr To 3rd Flr, Somakanjiini Wadi Patel Line Khatodara, Surat - 395002 Gujarat have approved the Unaudited Standalone and Consolidated Financial Results for the half year ended on September 30, 2026. Pursuant to the Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we enclose the following: (i) Statement of Standalone and Consolidated Unaudited Financial Results for the half year ended on September 30, 2026; (i) Limited Review Report on the Standalone and Consolidated Unaudited Financial Results; (1) Disclosure for utilization of issue proceeds raised through Initial public offer by True Colors Limited upto the half year ended on September 30, 2026. Please note that the Board meeting commenced at 05.00 p.m. and concluded at 06.15 p.m. Kindly take the above information on your records. Thank You! You're faithfully, For True Colors Limited (Formerly Known Company Secretary & 0'-- pliance’Officer ICSI M. No.: A42880 TRUE COLORS LIMITED (Formerly known as TRUE COLORS PRIVATE LIMITED) 49192743-35001 @ REGISTERED OFFICE 9 FACTORY . True Colors House, P-8, GR Fir to 3rd Fl, Plot No. 44 & 51, Rajhans Zesto Kalakachha, Vo e S Somakan ni Wad, Patel Line, Khatodara, Jallpore (Near Palasana Cross Road) © wwwtruecolorsgroup.com Surat, Gujarat, India, 395002 Navsari- 396415 Gujarat (india) 7299G12021PLC126265 | GSTNO.: AANICTIZLAALZN | PAN NOL: ANICTIZIAA ] R kzesesiage S & 9001:2015 14001:2015 45001:2018 Lakhankiya & Dosi LLP Chartered Accountants Independent Auditors’ Limited Review Report on Half-yearly Unaudited Consolidated Financial Results of True Colors Limited pursuant to the Regulation 33 Of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of True Colors Limited (Formally known as True Colors Private Limited) Surat 1. We have reviewed the accompanying statement of unaudited Consolidated Financial Results of True Colors Limited (Formally known as True Colors Private Limited) (the “Holding Company”) which includes Joint Venture for the half-year ended September 30, 2026, (“the Statement “) attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This statement is the responsibility of the Holding Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 “Interim Financial Reporting” prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India and in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’). Our responsibility is to issue a report on these financial statements based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. ‘This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatements. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. The Statement also includes the Results of the following Joint Venture; True Colors Advance Materials Private Limited 5. Other Matters The Standalone and Consolidated Financial Results of the Company for the half year ended September 30, 2026, are identical, as the Joint Venture (JV) - True Colors Advanced Material Private Limited, was incorporated on September 15, 2026, and did not have any assets, liabilities, income or expenditure as at and for the period ended September 30, 2026. Accordingly, although the Company has presented consolidated the financial result by including the JV, such consolidation has no impact on the Consolidated Financial Results, and consequently, the figures in the Standalone and Consolidated Financial Results remain the same. Further, the Company made an investment of Rs. 5.00 lakh in the JV in the month of October 2026, i.e., subsequent to the reporting period. Our opinion on the Consolidated Financial Results is not modified in respect of the above matter. 5th floor, Bunglow No. 7, Sadhna Society, Opp. SMC Parking, Minibazar, Varachha Road, Surat – 395006. Mobile : 9725190123 Email : cashailesh@hotmail.com Lakhankiya & Dosi LLP Chartered Accountants 6. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited consolidated financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement. For, Lakhankiya & Dosi LLP, Chartered Accountants FRN No. 154114W/W100873 CA SHAILESH LAKHANKIYA Partner Mem. No.: 147112 Date: 30.10.2026 UDIN:26147112IJUFJV6427 5th floor, Bunglow No. 7, Sadhna Society, Opp. SMC Parking, Minibazar, Varachha Road, Surat – 395006. Mobile : 9725190123 Email : cashailesh@hotmail.com COIOrs TRUE COLORS LIMITED (Formerly known as True Colors Private Limited) CIN: L17299GJ2021PLC126265 Registered Office: P-8, GR Flr to 3rd Fir, Somakanjiini Wadi Patel Line Khatodara, Surat, Surat, Gujarat, India, 395002 Statement of Consolidated Financial Results (INR In Lakh except per share data) N Half Year/ Period ended Year ended Particulars 30-09-2026 31-03-2026 30-09-2025 31-03-2026 A Date of start of reporting period 01-04-2026 01-10-2025 01-04-2025 01-04-2025 B Date of end of reporting period 30-09-2026 31-03-2026 30-09-2025 31-03-2026 [ Whether results are audited or unaudited Unaudited Audited Unaudited Audited D Nature of report standalone or consolidated | Consolidated | Consolidated | Consolidated | Consolidated I Revenue From Operations Net sales or Revenue from Operations 18300.75 15043.38 15111.36 30154.74 I Other Income 28.49 -0.97 50.59 49.62 n Total Income (I+11) 18329.24 15042.41 15161.95 30204.36 v Expenses (a) Cost of materials consumed 5493.67 5659.77 2940.92 8600.69 (b) Purchases of stock-in-trade 6632.65 4230.62 6323.59 10554.21 (c) Direct Expenses 960.54 814.65 1273.00 2087.65 (d) Changes in inventories of finished goods, work- (952.55) (633.73) 213.42 (420.31) in-progress and stock-in-trade (e) Employee benefit expense 2251.10 1922.15 1544.31 3466.46 (U] Finance Costs 219.50 293.06 246.91 539.97 (h) Depreciation and amortisation expense 329.96 274.15 198.49 472.64 (i) Other Expenses 697.17 649.39 545.14 1194.53 0] (Disclosed each and every item that is being 0.00 0.00 0.00 0.00 included in Other Expenses an [Showing first 8,000 characters — download PDF for full document]