True Colors Ltd Shareholders Greenlight Merger With Inkia Inks

18,016,916 votes were cast in favor of the amalgamation, representing 99.9967% of the total valid votes.
Only 600 votes were cast against the proposal, confirming overwhelming support from the shareholders.

Reader Takeaway: Strong shareholder backing for consolidation; monitoring the upcoming effective date and regulatory filings is now essential.

What just happened

True Colors Limited held an NCLT-convened meeting of its equity shareholders on September 28, 2026. The primary agenda was to seek approval for the Scheme of Amalgamation of Inkia Inks Private Limited into True Colors Limited. The resolution was successfully passed, with 18,017,516 valid shares voted by the participants.

Why this matters

The approval is a mandatory legal requirement under Section 230(6) of the Companies Act, 2013. By securing this near-unanimous consent, True Colors Limited has cleared a significant hurdle in the merger process, moving the company closer to the final stages of its corporate restructuring.

What changes now

With the shareholder mandate secured, the company will move forward with the remaining NCLT-sanctioned procedural requirements. Investors should watch for further filings detailing the effective date of the amalgamation and any subsequent adjustments to share capital or organizational structure.

What to track next

Shareholders should keep a close watch on future BSE announcements regarding the final registration of the merger with the Registrar of Companies (RoC) and the official effective date of operations for the combined entity.