TruAlt Bioenergy Limited disclosed that Kamala Murugesh Nirani, a member of the promoter group, created a pledge on 3,00,000 equity shares with Jio Credit Limited. This new encumbrance brings the total shares pledged by the promoter group entities to Jio Credit to 17,00,000.

The transaction was reported on September 28, 2026. The shares were pledged as security for debt availed by promoters Vijaykumar Nirani and Vishal Nirani from Jio Credit Limited (formerly Jio Finance Limited). The proceeds were utilized to finance the acquisition of additional shares in TruAlt Bioenergy, aiming to increase the promoters' shareholding.

Encumbrance details

Kamala Murugesh Nirani holds 42,27,590 shares, constituting 4.93% of the company's equity. Prior to this event, she had already encumbered 39,03,146 shares. The creation of the pledge on September 25, 2026, increased her encumbered holding to 42,27,590 shares, meaning 100% of her personal holding is now pledged.

This addition follows the earlier disclosure where Nirani Holdings Private Limited pledged 14,00,000 shares. The combined pledge activity indicates a significant leveraging of the promoter group's equity stake to fund share acquisitions.

What the numbers show

The cumulative pledging by the promoter group highlights a concentrated dependency on Jio Credit Limited. With Nirani Holdings Private Limited having previously pledged 84% of its holding (14,00,000 out of 16,57,411 shares) and Kamala Murugesh Nirani now having pledged 100% of her holding (42,27,590 shares), the majority of the identified promoter group's equity is currently encumbered. The total value of the recent pledge by Kamala Murugesh Nirani was disclosed as ₹13.17 crore, while the earlier pledge by Nirani Holdings was valued at ₹58.10 crore.

TruAlt Bioenergy Limited promoter group entity Nirani Holdings Private Limited (NHPL) has increased its shareholding in the company to 2.25% following an open market acquisition on September 28, 2026.

The latest transaction involved the purchase of 1,22,032 equity shares at an average price of ₹458.05 per share. The total value of this specific transaction aggregated to ₹5,57,36,895.68, executed through the National Stock Exchange (NSE).

Stakeholding details

Prior to this transaction, NHPL held 18,09,612 equity shares, representing a 2.11% stake in the company. The recent purchase has raised the total holding to 19,31,644 equity shares, equivalent to 2.25% 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.