TruAlt Bioenergy Limited promoter group entity Nirani Holdings Private Limited (NHPL) has increased its shareholding in the company to 2.11% following an open market acquisition on September 25, 2026.

The acquisition involved the purchase of 1,52,201 equity shares at an average price of ₹439.32 per share. The total value of the transaction aggregated to ₹6,68,64,943.32, executed through the National Stock Exchange (NSE).

Stakeholding details

Prior to this transaction, NHPL held 16,57,411 equity shares, representing a 1.93% stake in the company. The recent purchase has raised the total holding to 18,09,612 equity shares, equivalent to 2.11% of the company's paid-up capital.

Regulatory disclosure

The transaction was disclosed under Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The intimation was made by Vijaykumar Nirani, Director of Nirani Holdings Private Limited, and acknowledged by Monu Kumar, Company Secretary and Compliance Officer of TruAlt Bioenergy Limited.

The mode of acquisition was recorded as "On Market (Through Stock Exchange)" with the trade executed on the NSE. No derivatives trading was reported by the promoter group entity during this period.

TruAlt Bioenergy Limited disclosed that its promoter group entity, Nirani Holdings Private Limited, created a pledge on 14,00,000 equity shares with Jio Credit Limited. The transaction, reported on September 24, 2026, serves as security for debt availed by the company's promoters.

The pledged shares represent 1.63% of the total share capital of TruAlt Bioenergy. Nirani Holdings Private Limited holds a total of 16,57,411 shares, constituting 1.93% of the company's equity. Prior to this event, none of the promoter group's holdings were encumbered.

Purpose of the pledge

The shares were pledged by Nirani Holdings Private Limited as security for a debt facility extended by Jio Credit Limited (formerly known as Jio Finance Limited). The underlying loan was availed by Mr. Vijaykumar Nirani and Mr. Vishal Nirani, the promoters of TruAlt Bioenergy.

According to the disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and SEBI (Prohibition of Insider Trading) Regulations, 2015, the proceeds from this debt were utilized for financing the acquisition of additional shares in TruAlt Bioenergy. The stated objective of this acquisition was to increase the promoters' shareholding in the company.

Encumbrance details

The creation of the encumbrance occurred on September 22, 2026. The disclosure confirms that while the specific block of 14 lakh shares is now pledged, the total holding of the promoter group remains unchanged at 16,57,411 shares. The value of the transaction was disclosed as ₹58.10 crore.

What the numbers show

A significant portion of the promoter group's holding is now leveraged. The pledged amount of 14,00,000 shares constitutes approximately 84% of Nirani Holdings Private Limited's total holding of 16,57,411 shares. This high ratio indicates that the majority of the promoter group's equity stake in TruAlt Bioenergy is currently encumbered as collateral for the debt raised to fund their share acquisition.