True Green Bio Energy MD, chairman, board of directors and AGM
BSE: 533407Agricultural Food & other ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹170.05.
- 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.
- ₹544 Cr1,964th 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 13 Aug 2026
- 10.2
- 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 1 Jun 2026
- 3.4
- 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 average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 39.0%
- 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 13 Aug 2026
- 17.4%
- 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. The filing of 1 Jun 2026
- 2.14
- Volume, BSEVolume. Shares traded on the last trading day.
- 6,930
True Green Bio Energy board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonJYOTIPRASAD DEVKINANDAN CHIRIPAL
- Company Secretary and Compliance OfficerSIDDHI SHAH
6 directors4 independent1 executive1 non-executive
- JYOTIPRASAD DEVKINANDAN CHIRIPAL · ChairpersonNon-executive · joined Dec 2003 · 0 months as independent · 2 listed boards · 2 committee seats
- POOJA SHAHIndependent · joined Sep 2020 · 74 months as independent · 1 listed board · 1 as independent · 2 committee seats
- CHINTAN PATELIndependent · joined Sep 2020 · 74 months as independent · 1 listed board · 1 as independent
- SURESH CHATTERJEEIndependent · joined Aug 2025 · 14 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 3 as chair
- PRADEEP MANTRIExecutive · joined Feb 2026 · 5 months as independent · 1 listed board
- TRUSHA SHAHIndependent · joined Jun 2026 · 0 months as independent · 1 listed board · 1 as independent
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.
3 directors who left
- CHINNAR JETHWANI, left 22 May 2026: Others
- RAJAN SHRIVASTAVA, left 8 Nov 2025: Others
- MURLI MANOHAR GOYAL, left 31 Jul 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 Jun 20265 of 5 present3 independent · 29 days in between
- 31 May 20265 of 5 present3 independent · no day in between
- 30 May 20265 of 5 present3 independent · 59 days in between
- 31 Mar 20265 of 6 present3 independent
Audit Committee
Chair SURESH CHATTERJEE
POOJA SHAH, JYOTIPRASAD DEVKINANDAN CHIRIPAL
- 31 May 20263 of 3 present2 independent · no day in between
- 30 May 20263 of 3 present2 independent · 104 days in between
- 14 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair SURESH CHATTERJEE
POOJA SHAH, JYOTIPRASAD DEVKINANDAN CHIRIPAL
- 30 Jun 20263 of 3 present2 independent · 30 days in between
- 30 May 20263 of 3 present2 independent · 113 days in between
- 5 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair SURESH CHATTERJEE
POOJA SHAH, JYOTIPRASAD DEVKINANDAN CHIRIPAL
- 30 May 20253 of 3 present2 independent
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 Jun 2026.
- J.T. SHAH & CO.Peer-review certificate valid to Feb 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.
True Green Bio Energy 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.True Green Bio Energy share news and announcements
Annual general meeting, 29 Sep 2026
7,573 shareholders on the register on 22 Sep 2026; present: 24 promoters and 9 others; votes counted by JATIN KAPADIA / K JATIN & CO.The company's voting result (opens in a new tab)
To Receive, Consider, Approve and Adopt the Audited Statement of Accounts i.e. the Audited Balance Sheet as at 31/03/2026, the Profit & Loss Account for the year ended on that date and the Report of the Auditors and Directors thereon.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.43% · promoters 88.40% · institutions 0.00% · other public 2.10%
- To re-appoint a director in place of Mr. Jyotiprasad D. Chiripal (DIN: 00155695) who retire by rotation and being eligible offers himself for reappointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.43% · promoters 88.40% · institutions 0.00% · other public 2.10%
- To approve related party transactions for the financial year 2026-27.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.43% · promoters 88.40% · institutions 0.00% · other public 2.10%
To approve the regularization of Additional Director Ms. Trusha Shah (DIN: 11782870), as an Independent Director (Non-Executive) of the Company to hold office for a first term of 5 (five) years up to June 29, 2031.MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.43% · promoters 88.40% · institutions 0.00% · other public 2.10%
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.
Annual general meeting, 17 Oct 2020, 6 resolutions
Present: 10 promoters and 29 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2020, the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.64% · promoters 91.25% · institutions 0.00% · other public 18.23%
- To re-appoint Mr. Jyotiprasad Chiripal (DIN: 00155695) as a Director, who is liable to retire by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 8.23% · promoters 0.00% · institutions 0.00% · other public 32.29%
- To Ratify Remuneration of Cost Auditor for the Financial Year 2020-2021.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.64% · promoters 91.25% · institutions 0.00% · other public 18.23%
- To consider and approve material related party transactions for the year 2020-21 and 2021-22.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 4.88% · promoters 0.00% · institutions 0.00% · other public 19.15%
- To appoint of Mr. Chintan Patel (DIN: 07243695) as an Independent Director for the periods of 5 years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.64% · promoters 91.25% · institutions 0.00% · other public 18.23%
- To appoint of Mrs. Pooja Shah (DIN: 07441428) as an Independent Director for the periods of 5 years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.64% · promoters 91.25% · institutions 0.00% · other public 18.23%
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.
Annual general meeting, 27 Sep 2019, 5 resolutions
Present: 15 promoters and 17 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Financial Statements of the Company for the year ended 31st March, 2019 including audited Balance Sheet as at 31 March, 2019 and Statement of Profit and Loss for the year ended on that date and the Reports of the Directors and the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.36% · promoters 89.55% · institutions 0.00% · other public 33.90%
- To re-appoint Mr. Pooransingh Mathuria (DIN: 07430356), who is liable to retire by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.36% · promoters 89.55% · institutions 0.00% · other public 33.90%
- To ratify appointment of M/s Samir M. Shah & Associates, Chartered Accountant (FRN. 122377W) as Statutory Auditors of the Company for the Financial Year 2019-20Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.36% · promoters 89.55% · institutions 0.00% · other public 33.90%
- To appoint M/s. A G Tulsian & Co., Cost Auditor (FRN: 100629) for conducting audit of cost records of the company for Financial Year 2019-2020Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.36% · promoters 89.55% · institutions 0.00% · other public 33.90%
- To approve related party transaction for the Financial Year 2019-20OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.36% · promoters 89.55% · institutions 0.00% · other public 33.90%
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.
Annual general meeting, 29 Sep 2018, 8 resolutions
Present: 14 promoters and 18 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Financial Statements of the Company for the year ended 31st March, 2018 including audited Balance Sheet as at 31 March, 2018 and Statement of Profit and Loss for the year ended on that date and the Reports of the Directors and the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.24% · promoters 83.43% · institutions 0.00% · other public 0.36%
- To re-appoint Mr. Jyotiprasad Chiripal (DIN: 0155695), who is liable to retire by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.24% · promoters 83.43% · institutions 0.00% · other public 0.36%
- To ratify appointment of M/s Samir M. Shah & Associates, Chartered Accountant (FRN. 122377W) as Statutory Auditors of the Company for the Financial Year 2018-19Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.24% · promoters 83.43% · institutions 0.00% · other public 0.36%
- To appoint M/s. A G Tulsian & Co., Cost Auditor (FRN: 100629) for conducting audit of cost records of the company for Financial Year 2018-2019Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.24% · promoters 83.43% · institutions 0.00% · other public 0.36%
- To approve related party transaction for the Financial Year 2018-19OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.24% · promoters 83.43% · institutions 0.00% · other public 0.36%
- To increase the limit of Foreign Institutional Investors / Foreign Portfolio Investors for acquiring and holding equity shares up to an aggregate limit of 49% of the paid up capital of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.24% · promoters 83.43% · institutions 0.00% · other public 0.36%
- To increase the limit of Foreign Individual Investors for acquiring and holding equity shares up to an aggregate limit of 24% of the paid up capital of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.24% · promoters 83.43% · institutions 0.00% · other public 0.36%
- To ratify remuneration payable to Mr Pooransingh Mathuria as per schedule V of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.24% · promoters 83.43% · institutions 0.00% · other public 0.36%
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.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltySecurities and Exchange Board of India (SEBI)Since 30 Jun 2026
Penalty imposed of Rs.5000 and the said penalty was paid by the Company.
Regulation 23 (9) - Non-compliance with the requirement to disclose related party transactions in the format as specified and within the prescribed timeline -Late Submission - Tax disputeTRUE GREEN BIO ENERGY LIMITED (EARLIER KNOWN AS CIL NOVA PETROCHEMICALS LIMITEDSince 2 Aug 2024The assessee has filed appeal before CIT (A) and metter is pending before CIT(A)At the filing before: The assessee has filed appeal before CIT (A) and matter is pending before CIT(A)
- Tax disputeTRUE GREEN BIO ENERGY LIMITED (EARLIER KNOWN AS CIL NOVA PETROCHEMICALS LIMITEDSince 2 Aug 2024The assessee has filed appeal before CIT (A) and metter is pending before CIT(A)At the filing before: The assessee has filed appeal before CIT (A) and matter is pending before CIT(A)
- Tax disputeTRUE GREEN BIO ENERGY LIMITED (EARLIER KNOWN AS CIL NOVA PETROCHEMICALS LIMITEDSince 2 Aug 2024The assessee has filed appeal before CIT (A) and metter is pending before CIT(A)At the filing before: The assessee has filed appeal before CIT (A) and matter is pending before CIT(A)
- Tax disputeTRUE GREEN BIO ENERGY LIMITED (EARLIER KNOWN AS CIL NOVA PETROCHEMICALS LIMITEDSince 2 Aug 2024The assessee has filed appeal before CIT (A) and metter is pending before CIT(A)At the filing before: The assessee has filed appeal before CIT (A) and matter is pending before CIT(A)
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
- No
- 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
- Yes
- 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 Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesOct 2024 | 41.00 | FUTURE FUNDING REQUIREMENT | 1.00 | 1.00 | No |
| Preferential IssuesOct 2024 | 41.00 | Working Capital Fund | 25.00 | 25.00 | No |
| Preferential IssuesOct 2024 | 41.00 | CAPITAL EXPENDITURE AND OTHER EXPENSES OF ETHANOL PROJECT | 5.00 | 5.00 | No |
| Preferential IssuesOct 2024 | 41.00 | Genral Corporate | 10.00 | 10.00 | No |