Board of Directors of the Company Approved the formation of a Joint venture Company with Identified Partners for exploring business opportunities in relation to manufacturing, processing, ....

COIOrs Date: August 17, 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 August 17, 2026. Reference No.: Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015. Respected Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), read with the applicable provisions of Schedule 111 thereto and the SEBI Circular on disclosure of material events and information, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. Monday, August 17, 2026 at its registered Office situated at P-8, Gr Flr To 3rd Flr, Somakanjiini Wadi Patel Line Khatodara, Surat - 395002 Gujarat, inter alia, apart from other businesses, transacted the following businesses: 1. Approved the formation of a Joint Venture Company (“JV Company”) with Identified Partners for exploring business opportunities in relation to manufacturing, processing, coating, converting and marketing of paper, specialty paper and allied paper-based products and materials. Further, the requisite disclosures as required to be disclosed under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/1/3762/2026 dated January 30, 2026, are given in Annexure 1. 2. Considered and approved the Appointment of M/s. Dali Shah & Associates, Chartered Accountant (FRN: 158874W) as an Internal Auditor of the Company, pursuant to provision of Section 138 of Companies Act, 2013 and rules made thereunder, for the financial year 2026-27. The requisite disclosures pursuant to Regulation 30 read with Para A of Part A of Schedule 111 of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, are given in Annexure 2. 3. Considered and approved the Appointment of M/s. B H Kevadiya & Co., Cost Accountant (FRN: 003946W) as a Cost Auditor of the Company, pursuant to provision of Section 148 of Companies Act, 2013 and rules made thereunder, for the financial year 2026-27. The requisite disclosures pursuant to Regulation 30 read with Para A of Part A of Schedule I1I of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, are given in Annexure 3. TRUE COLORS LIMITED (Formerly known as TRUE COLORS PRIVATE LIMITED) © +9192743-35001 9 REGISTERED OFFICE 9 FACTORY s® info@trueco "l orsgroup.com STr ou me kC ao nl jo irs iH o Wu as de i, P P- a8 t, lG R nF eir t Ko a3 tr od aFi rr, JP al lo at N po o. e4 (4 r5 1 P, R la aj sh aa nan s Z re oss st o K oa al da )k achha, Www.truecolorsgroup.com Surat, Gujarat, India, 395002 Navsari-396415 Gujarat (India) CIN :117299GJ2021PLC126265 | GST NO.: 24AAICTI214A1ZN | PAN NO.: AAICTI214A 14001:2015 450012018 COIOrs 4. Considered and approved the Appointment of M/s. ALAP & Co. LLP, Practicing Company Secretaries (FRN: 12023GJ013900) as a Secretarial Auditor of the Company, pursuant to provision of Section 204 of Companies Act, 2013 and rules made thereunder, for a term of five years from the Financial Year 2026-27 to 2030-31. The requisite disclosures pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, are given in Annexure 4. The Board Meeting commenced at 05.00 P.M. and concluded at 06:40 P.M. Kindly take the above information on your record. Thank you! Yours Faithfully. For True Colors Limited (Formerly Known as True Colors Private Limited) Javanika Gandharva Company Secretary & Compliance Officer M. No.: A42880 TRUE COLORS LIMITED (Formerly known as TRUE COLORS PRIVATE LIMITED) © 49192743-35001 9 REGISTERED OFFICE 9 FacTORY = info@truecolorsgroup.com True Cl;\ors Ns:sde, P8, <‘:n Flr to 3rd Fir, Plot No. 44 & 51, Rajhans Zesto Kalakachha, ® wwwtriecolorsgroup.com S Suo rm aa tk , a Gn uj ji a rn ai t , IW nad di i, a ,P a 3te 9l 5 0L 0in 2e , Khatodara, J Na al va sl ap ro ire - 3( 9N 6e 4a 1r 5 P Ga ul ja as ra an ta (C Inr do is as ) Road) CIN:117299GJ2021PLC126265 | GST NO.: 24AAICTI214A1ZN | PAN NO.: AAICTI214A 9001:2015 14001:2015 450012018 rug® COIOrs Annexure | Sr. No. Particulars Details Name of the entity, date & The Company and Identified Partners propose to form the JV country of incorporation, Company in the name of “True Colors Advance Materials Private ete. Limited”, subject to name availability, trademark clearance or any other suitable available name, to undertake business for exploring business opportunities in relation to manufacturing, processing, coating, converting and marketing of paper, specialty paper and allied paper-based products and materials. and all other activities | that may be decided to be pursued. The JV company is yet to be incorporated; once formed, it will be established in India as per the proposed JV structure. Whether the acquisition No, the transaction does not fall within the ambit of related party would fall within related transaction(s). Promoter / promoter group/ group companies have party transaction(s) and no interest in the entity being acquired. whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length" Name of holding company The Company will itself hold 50.00% shares in the proposed of the incorporated company | incorporated Company. and relation with the listed entity; Industry to which the entity The JV Company will carry on the business of manufacturing, being incorporated belongs; processing, coating, converting and marketing of paper, specialty paper and allied paper-based products and materials. and all other activities that may be decided to be pursued. Brief background about the Please refer to background and details as set out in point (a) above. entity incorporated in terms The JV Company is yet to be incorporated. The JV Company is of products / line of proposed to have geographical presence in India. business; Brief details of any The transaction is subject to the necessary statutory, governmental, governmental or regulatory or regulatory approvals, if any, as may be required. approvals required for the incorporation; TRUE COLORS LIMITED (Formerly known as TRUE COLORS PRIVATE LIMITED) © 491 92743-35001 9 REGISTERED OFFICE 9 FACTORY ® info@truecolorsgroup.com True Colors House, P-8, GR Fir to 3rd Flr, Plot No. 44 & 51, Rajhans Zesto Kalakachha, ® www.truecolorsgroup.com Somakanji ni Wadi, Patel Line, Khatodara, Jalalpore (Near Palasana Cross Road) Surat, Gujarat, India, 395002 Navsari-396415 Gujarat (India) CIN : 117299G/2021PLC126265 | GST NO.: 24AAICTI214A1ZN | PAN NO.: AAICTI214A b 4 90012015 140012015 45001:2018 Sr. No. Particulars Details 7. Nature of consideration - | Cash consideration. whether cash consideration or share swap and details of the same; 8. Cost of subscription/ price | Rupees 10.00 per share at which the shares are subscribed; 9. Percentage of shareholding/ | 50.00% control by the listed entity and / or number of shares allotted. 10. Objects and impact of | The formation of the JV Company is aimed at leveraging the acquisition (including but | complementary strengths of both the Company and Identified not limited to, disclosure of | Partners to pursue mutually beneficial business opportunities. The reasons for acquisition of | proposed JV is expected to leverage the strengths, expertise, target entity, if its business | resources and market presence of both parties and create long-term is outside the main line of | value for the Company. business of the listed entity) 11. | Indicative time period for | The Joint Venture Company is proposed to be incorpora [Showing first 8,000 characters — download PDF for full document]