True Colors Ltd.

Shareholders holding 1% or more · latest filing Mar 2026

Ownership split · Mar 2026

Share of total equity by holder type, with change since Sep 2025.

Promoters 68.89% 25.97 pp
FII / FPI 0.77% 0.77 pp
DII 8.67% 5.54 pp
Retail & others 21.68% 19.67 pp
Non-public / other 0% 0
Holder typeJun 2025Sep 2025Mar 2026
Promoters94.86%94.86%68.89%
FII / FPI0%0%0.77%
DII3.13%3.13%8.67%
Retail & others2.01%2.01%21.68%
Non-public / other0%0%0%

Major shareholders

13 current holders with 1% or more in the Mar 2026 filing. Click a name to see everything they hold.

Holder Jun 2025Sep 2025Mar 2026 Change (QoQ)
SATISHKUMAR JAYANTIBHAI PANCHANI Promoter 23.65%0.45 23.65%0.45 17.17%0.42 6.48 pp
ASHISHKUMAR DURLBHBHAI MULANI Promoter 23.63%0.45 23.63%0.45 17.15%0.42 6.48 pp
SANJAY RAGHUBHAI DESAI Promoter 23.63%0.45 23.63%0.45 17.15%0.42 6.48 pp
SAGARKUMAR BIPINBHAI MULANI Promoter 23.63%0.45 23.63%0.45 17.15%0.42 6.48 pp
NIVESHAAY HEDGEHOGS FUND Institution 1.95%0.04 1.95%0.04 3.58%0.09 1.63 pp
FINAVENUE CAPITAL TRUST - FINAVENUE GROWTH FUND Institution 1.17%0.02 1.17%0.02 2%0.05 0.83 pp
MUKUL MAHAVIR AGRAWAL Public New – – 1.62%0.04 –
SHALU AGGARWAL Public New – – 1.46%0.04 –
PARESH RAGHUBHAI DESAI Promoter 0.27%0.01 0.27%0.01 0.21%0.01 0.06 pp
DAKSHABEN ASHISHKUMAR MULANI Promoter 0.02%0.00 0.02%0.00 0.02%0.00 0
BHAVIKABEN SAGARKUMAR MULANI Promoter 0.02%0.00 0.02%0.00 0.02%0.00 0
KOMAL SANJAY DESAI Promoter 0.02%0.00 0.02%0.00 0.02%0.00 0
HETALBEN LALABHAI DESAI Promoter New – – 0.01%0.00 –

Companies only disclose holders with 1% or more, so “Exited / below 1%” can also mean the stake fell under 1%. “pp” = percentage points.

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