Vijaykumar Murugesh Nirani, a member of the promoter group of TruAlt Bioenergy Limited , has declared that the promoter group did not create any encumbrance on the company's shares during the financial year 2025-26. The declaration confirms that no shares were pledged, directly or indirectly, other than those already disclosed to the stock exchanges. This disclosure ensures transparency regarding the holding status of the promoter group during the specified period.

The filing was submitted to BSE Limited and the National Stock Exchange of India Limited on April 8, 2026. The declaration is made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates such annual disclosures by promoter groups.

The communication was addressed to the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange of India Limited. A copy of the declaration was also marked to the Compliance Officer and the Audit Committee of TruAlt Bioenergy Limited for their records.

TruAlt Bioenergy Limited has secured approval for financial assistance of ₹150 crore under the Government of India's PM JI-VAN Yojana for its proposed commercial-scale Sustainable Aviation Fuel (SAF) project at Bagalkot, Karnataka. The approval, granted by the Centre for High Technology (CHT) under the Ministry of Petroleum & Natural Gas, is expected to incentivise approximately 7–10% of the project's capital expenditure, thereby enhancing its viability. This development marks a significant step in the company's strategic expansion into advanced biofuels and supports the accelerated development of domestic SAF production capacity in India.

The proposed SAF facility will have a planned production capacity of 10 crore litres per annum. It aims to strengthen indigenous production of low-carbon aviation fuels, reduce dependence on imported fossil fuels, and support India's long-term net-zero ambitions. The project aligns with the global aviation sector's decarbonization roadmap under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and India's announced SAF blending targets of 1% by 2027, 2% by 2028, and 5% by 2030.

Project Details and Strategic Alignment

The PM JI-VAN Yojana is a flagship initiative designed to accelerate the commercialization of advanced biofuels through targeted financial support. The scheme promotes technological innovation, the utilization of renewable feedstocks and agricultural residue, and the development of indigenous low-carbon fuel technologies. By securing this assistance, TruAlt Bioenergy is positioned to contribute to India's objectives of energy security, rural prosperity, environmental sustainability, and climate resilience.

Management Commentary

Mr. Vijay Nirani, Managing Director of TruAlt Bioenergy Limited, emphasized the strategic importance of the milestone. He stated that as the world accelerates towards decarbonizing aviation, SAF will become an indispensable pillar of the future energy landscape. He expressed gratitude to the Government of India for its support in fostering innovation and enabling the commercialization of next-generation biofuels, noting the opportunity to position India as a global hub for sustainable fuels.

The financial assistance will be released in accordance with project milestones and the terms of the Memorandum of Agreement to be executed with the Centre for High Technology. TruAlt Bioenergy is currently India's largest ethanol producer with an installed ethanol production capacity of 2,000 KLPD and continues to expand its portfolio across ethanol, compressed biogas (CBG), sustainable aviation fuel, and other future fuels.