TruAlt Bioenergy MD, chairman, board of directors and AGM
NSE: TRUALTBSE: 544545Agricultural Food & other ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹416.45.
- Next results date: the board meets on 23 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹3,488 Cr890th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 25 Sep 2026
- 23.5
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 25 Sep 2026
- 2.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record. The filing of 25 Sep 2026
- 9.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 25 Sep 2026
- 9.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 1.04
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 3,10,33151.1% delivered
TruAlt Bioenergy board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonMallikarjun Bhimappa Dyaberi
- Managing directorVijaykumar Murugesh Nirani
- Company Secretary and Compliance OfficerMONU KUMAR
8 directors4 independent3 executive1 non-executive
- Chandrasekhar KanekalIndependent · joined Sep 2023 · reappointed Sep 2023 · 34 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- Mallikarjun Bhimappa Dyaberi · ChairpersonIndependent · joined Dec 2023 · reappointed Dec 2023 · 30 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Vijaykumar Murugesh Nirani · Managing directorExecutive · joined Mar 2021 · reappointed Nov 2022 · 2 listed boards · 1 committee seat
- Vishal NiraniExecutive · joined Mar 2021 · reappointed Jul 2025 · 2 listed boards · 1 committee seat
- Sushmitha Vijaykumar NiraniNon-executive · joined Sep 2023 · reappointed Nov 2023 · 1 listed board
- Durairaj Anand Murugan JakkampatiExecutive · joined Dec 2023 · 1 listed board · 1 committee seat
- SARVAMANGALA RAJENDRA PATILIndependent · joined Sep 2026 · 0 months as independent · 1 listed board · 1 as independent
- Yagati Badarinarayana RamakrishnaIndependent · joined Dec 2023 · reappointed Dec 2023 · 27 months as independent · 0 listed boards
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 22 Sep 20265 of 6 present3 independent · 48 days in between
- 4 Aug 20266 of 6 present3 independent · 6 days in between
- 28 Jul 20266 of 6 present2 independent · 66 days in between
- 22 May 20266 of 7 present3 independent · 27 days in between
1 earlier meeting
- 24 Apr 20267 of 7 present3 independent
Audit Committee
Chair Chandrasekhar Kanekal
Mallikarjun Bhimappa Dyaberi, Vijaykumar Murugesh Nirani
- 22 Sep 20263 of 3 present2 independent · 48 days in between
- 4 Aug 20263 of 3 present2 independent · 6 days in between
- 28 Jul 20263 of 3 present2 independent · 66 days in between
- 22 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Mallikarjun Bhimappa Dyaberi
Chandrasekhar Kanekal, Sushmitha Vijaykumar Nirani
- 22 Sep 20263 of 3 present2 independent · 55 days in between
- 28 Jul 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Chandrasekhar Kanekal
Mallikarjun Bhimappa Dyaberi, Durairaj Anand Murugan Jakkampati
No meeting listed in the filing.
Risk Management Committee
Chair Vijaykumar Murugesh Nirani
Vishal Nirani, Chandrasekhar Kanekal
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Sushmitha Vijaykumar Nirani
Mallikarjun Bhimappa Dyaberi, Vijaykumar Murugesh Nirani
- 28 Jul 20262 of 3 present1 independent
IPO Committee
Chair Vijaykumar Murugesh Nirani
Vishal Nirani, Chandrasekhar Kanekal
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- N. M. Raiji & Co.Peer-review certificate valid to Jan 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
TruAlt Bioenergy AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.TruAlt Bioenergy share news and announcements
Annual general meeting, 31 Aug 2026
61,570 shareholders on the register on 25 Aug 2026; present: 8 promoters and 33 others; votes counted by DEEPAK SADHU / NA.The company's voting result (opens in a new tab)
Adoption of (a) the Audited Financial Statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the Audited Consolidated Financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.22% · promoters 94.54% · institutions 85.52% · other public 26.42%
- Re-appointment of a director in place of Mr. Vishal Nirani (DIN: 08434032), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it61.82% for38.18% against
Against: promoters 0.00% · institutions 62.93% · other public 0.01%
Turnout: all 13.28% · promoters 0.00% · institutions 85.52% · other public 26.42%
- Ratification of remuneration payable to the Cost Auditors for the financial year ending March 31, 2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 78.98% · promoters 92.79% · institutions 85.52% · other public 26.42%
- Fixation of commission payable to Mr. Vishal Nirani (DIN: 08434032), Executive Director of the CompanySpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it61.82% for38.18% against
Against: promoters 0.00% · institutions 62.93% · other public 0.01%
Turnout: all 13.28% · promoters 0.00% · institutions 85.52% · other public 26.42%
- Appointment of Secretarial Auditors of the Company for a period of 5 yearsOrdinary93.68% for6.32% against
Against: promoters 0.00% · institutions 62.93% · other public 0.01%
Turnout: all 80.22% · promoters 94.54% · institutions 85.52% · other public 26.42%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 9 Jul 2026, 1 resolution
64,689 shareholders on the register on 5 Jun 2026; votes counted by DEEPAK SADHU / NA.The company's voting result (opens in a new tab)
- APPROVAL OF MATERIAL RELATED PARTY TRANSACTION(S) TO BE ENTERED INTO WITH NIRANI SUGARS LIMITED FOR THE FINANCIAL YEAR 2026-27OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 7.29% · promoters 0.00% · institutions 77.03% · other public 2.51%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 31 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
Adoption of (a) the Audited Financial Statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the Audited Consolidated Financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereonMoreLess
2 for0 against- Re-appointment of a director in place of Mr. Vishal Nirani (DIN: 08434032), who retires by rotation and being eligible, offers himself for re-appointment
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNo concern identified w.r.t. his profile and attendance of the proposed appointee. Non-Compliant with Section 203(3) of the Companies Act, 2013: He holds 3 full-time positions. Governance & Transparency concern: Skewed Remuneration practice of the Company in favour of promoter EDs; unfavourable to a non-promoter.
1 for1 against - Ratification of remuneration payable to the Cost Auditors for the financial year ending March 31, 20272 for0 against
- Fixation of commission payable to Mr. Vishal Nirani (DIN: 08434032), Executive Director of the Company
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNo concern identified w.r.t. his profile, merit and attendance. Non-Compliant with Section 203(3) of the Companies Act, 2013: he holds 3 full-time positions. Governance & Transparency concern: Skewed Remuneration practice of the Company in favour of promoter EDs; unfavourable to a non-promoter ED and No absolute cap on the proposed commission. Further, the Company has not disclosed the tenure/duration of the proposed approval for Commission.
1 for1 against
1 proposal not matched to one resolution
Appointment of Mr. Deepak Sadhu, Practicing Company Secretaries, (ACS: 39541 COP: 14992) (Peer review No: 2387/2022), as Secretarial Auditor of the Company for term of five consecutive years commencing from financial year 2026-27 till financial year 2030-31, at such fees, plus applicable taxes and other out-of-pocket expenses as may be mutually agreed upon between the Board of Directors of the Company and the Secretarial Auditor.MoreLess
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundNo concern on the merits of the proposed Auditors. Transparency Concern: Remuneration of outgoing auditor not disclosed; thus, it is unable to ascertain whether there is any material change in the proposed audit fee.
1 for1 against
Mutual fund votes, meeting of 9 Jul 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
- APPROVAL OF MATERIAL RELATED PARTY TRANSACTION(S) TO BE ENTERED INTO WITH NIRANI SUGARS LIMITED FOR THE FINANCIAL YEAR 2026-272 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake heldTruAlt Sumi Gas Private LimitedSince 29 Sep 2026
0.00% bought in the quarter; holding 51.00%, from 51.00%
- Fine or penaltyNational Stock Exchange of India LimitedSince 25 Aug 2026
Imposition of monetary fine by the Stock Exchanges for alleged non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 pertaining to the composition of the Board including failure to appoint woman independent director.
Alleged delayed compliance with the requirements under Regulation 17(1) of the SEBI (LODR) Regulations, 2015 relating to the composition of the Board including failure to appoint woman independent director.MoreLess
- Fine or penaltyBSE LimitedSince 25 Aug 2026
Imposition of monetary fine by the Stock Exchanges for alleged non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 pertaining to the composition of the Board including failure to appoint woman independent director.
Alleged delayed compliance with the requirements under Regulation 17(1) of the SEBI (LODR) Regulations, 2015 relating to the composition of the Board including failure to appoint woman independent director.MoreLess
- Fine or penaltyNational Stock Exchange of India LimitedSince 14 Aug 2026
Imposition of monetary fine by the Stock Exchanges for Delay in furnishing prior intimationabout the meeting of the board ofdirectors
Delay in furnishing prior intimationabout the meeting of the board ofdirectors - Fine or penaltyBSE LimitedSince 14 Aug 2026
Imposition of monetary fine by the Stock Exchanges for Delay in furnishing prior intimationabout the meeting of the board ofdirectors
Delay in furnishing prior intimationabout the meeting of the board ofdirectors
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A statement's amounts are left out where the company filed the same raise a power of ten apart in its other statements and the filings do not settle which is right.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesOct 2025, checked by Crisil Ratings Limited | – | Funding capital expenditure towards setting up multi-feed stock operations to pave- way for utilizing grains as an additional raw material in ethanol plant at TBL Unit 4 of 300 KLPD capacity | – | – | No |
| Public IssuesOct 2025, checked by Crisil Ratings Limited | – | Funding working capital requirements | – | – | No |
| Public IssuesOct 2025, checked by Crisil Ratings Limited | – | General corporate purposes | – | – | No |
| Public IssuesOct 2025, checked by Crisil Ratings Limited | – | Issue expenses | – | – | No |