Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 173A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, True Colors has informed that it enclosed Monitoring Agency Report towards utilization of proceeds of Initial Public Offering (‘IPO’) for the quarter ended March 31, 2026, issued by CRISIL Ratings, duly reviewed and taken on record by the Board of Directors & Audit Committee of the Company. Further, the company has confirmed that there has been no deviation in the utilization of Issue proceeds from the objects as stated in the Placement Document dated 26th September, 2025 for IPO of Equity Shares.
The above information is a part of company’s filings submitted to BSE.
