True Colors Ltd repays its entire outstanding term loan

True Colors Limited ('the Company") has repaid its entire outstanding term loan obligations amounting to Rs. 41,83,20,338.00 (Rupees Forty-One Crore Eighty-Three Lakhs Twenty Thousand Three Hundred Thirty-Eight only) to HDFC Bank Limited from the proceeds of the Initial Public Offering (IPO) as stated in the Objects of the Issue in the Prospectus.

The said loan was availed earlier as part of the Company's financing plan. The repayment is made from the proceeds raised through the Company's Initial Public Offer, the allotment for which was made on September 26, 2025, and the Company's securities were listed on the stock exchange(s) on September 30, 2025. The said repayment of loan is a part of Objects of the offer (IPO) which was disclosed in the Prospectus.

This step strengthens the Company's balance sheet and enhances its financial flexibility to support future business growth in accordance with its stated objectives.

Shares of True Colors Limited was last trading in BSE at Rs. 194.35 as compared to the previous close of Rs. 188.05. The total number of shares traded during the day was 274800 in over 308 trades.

The stock hit an intraday high of Rs. 196.00 and intraday low of 188.15. The net turnover during the day was Rs. 53071290.00.

Source : Equity Bulls

Keywords

TrueColors INE1LDV01015 IndustrialProducts TermLoan Repayment IPOObjects