Ace Investor Mukul Agrawal Makes Fresh Buying, Adds 1.62% Stake in SME Company

On Thursday, Indian markets are trading on a weak note, with the Nifty 50 declining 0.74 per cent to 23,818.75 as of 10:13 AM, compared to its previous close of Rs 23,997.35. Amid this, True Colours share price was trading at Rs 179.00, up 3.71 per cent from the previous close of Rs 172. In the previous session, the stock had surged around 10 per cent and closed at Rs 172.

Mukul Mahavir Agrawal makes fresh buying, adds 1.62 per cent stake in True Colours Ltd in the March Quarter

As per the latest shareholding pattern for March 2026, Ace Investor Mukul Mahavir Agrawal has added a 1.62 per cent stake in True Colors Ltd on a QoQ basis, acquiring 3,99,600 shares during the quarter. This marks fresh buying and makes it a key development for the stock. The company, which is an SME-listed entity, was listed in October 2025 on the BSE SME platform, and has since been in focus among investors tracking emerging Small-Cap opportunities.

The shareholding data shows promoter holding remained unchanged at 68.88 per cent. However, FII holding declined from 2.30 per cent to 0.77 per cent, while DII holding decreased from 10.81 per cent to 8.66 per cent. Public shareholding increased from 18.02 per cent to 21.68 per cent.

True Colours Business Update

True Colours recently informed exchanges that its board approved the alteration of the object clause of its Memorandum of Association, subject to shareholder approval, along with authorisation to borrow funds under applicable provisions of the Companies Act.

The revised object clause expands the company’s scope to include manufacturing and trading of inks, dyes, pigments, textile chemicals, and related products, along with textile printing machinery and associated materials, indicating a broader operational focus.

True Colours IPO Details

True Colors launched its IPO between September 23 and September 25, 2025, with an issue price of Rs 191 per share. The company got listed on September 30, 2025, on the BSE SME platform. The issue comprised a mix of fresh issue and offer for sale, with a total issue size of approximately Rs 128 crore.

About True Colors

True Colors Limited is engaged in the manufacturing and trading of inks, dyes, pigments, and textile-related chemicals. The company also deals in digital textile printing solutions and allied products used across textile processing and printing industries.

With a market capitalisation of Rs 449 crore, the stock has traded in a 52-week range of Rs 125.00 to Rs 271.95.

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Disclaimer: The article is for informational purposes only and not investment advice.