True Green Bio Energy Limited has disclosed the resignation of Ms. Chinar Rajkumar Jethwani from the position of Independent Director. The resignation is effective from May 22, 2026, and was attributed to personal reasons. The company communicated this development to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors of the company placed on record its appreciation for the valuable contributions and guidance provided by Ms. Jethwani during her association with the firm. The necessary details regarding the change have been submitted to the exchanges as per the regulatory requirements.

Resignation Details

The specific details regarding the cessation of the director's role were outlined in the regulatory filing. The following table summarizes the key information provided:

The company has requested the exchanges to take the information on record and treat the communication as compliance with the applicable provisions of the SEBI regulations. The resignation letter from Ms. Jethwani was also submitted as part of the disclosure.

True Green Bio Energy Limited has officially confirmed to BSE Limited that it does not qualify as a Large Corporate under SEBI's regulatory framework for debt securities fund raising. The communication, dated April 7, 2026, provides clarity on the company's regulatory status and compliance obligations.

Regulatory Compliance Confirmation

The company addressed SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which establishes the framework for fund raising by issuance of debt securities by Large Corporate entities. True Green Bio Energy Limited, formerly known as CIL Nova Petrochemicals Limited, has confirmed that it does not meet the criteria for Large Corporate classification under this regulatory framework.

Implications of Non-LC Status

By confirming its non-Large Corporate status, True Green Bio Energy Limited is exempt from the specific disclosures and compliance requirements mandated for Large Corporate entities under the SEBI framework. This classification affects the company's approach to debt securities issuance and associated regulatory obligations.

Official Communication

The formal communication was signed by Company Secretary Siddhi Shah (Membership No.: A44885) and Chief Financial Officer Satish Bhatt, ensuring proper authorization and compliance with corporate governance requirements. The communication serves as an official record for regulatory and investor information purposes.