True green bio energy Limited has announced key leadership appointments with the induction of Mr. Pradeep Mantri as Additional Director (Executive) and Whole-Time Director. The appointments were approved by the Board of Directors during their meeting held on February 04, 2026, following recommendations from the Nomination and Remuneration Committee.

Appointment Details and Terms

The company has structured Mr. Mantri's appointment in two distinct capacities with specific tenure arrangements:

The Whole-Time Director appointment requires shareholder approval at the company's upcoming Annual General Meeting, while the Additional Director position takes immediate effect.

Professional Background and Expertise

Mr. Pradeep Mantri brings substantial professional credentials to True Green Bio Energy Limited. His educational qualifications include a Bachelor of Commerce (B.Com) and a Master of Business Administration (MBA). The newly appointed director possesses deep expertise in operational management and import and export management, ensuring the highest levels of compliance and governance.

With approximately 30 years of professional experience across various organizations, Mr. Mantri has demonstrated his capability in driving business growth and expanding into international markets. His extensive background positions him well to contribute to the company's strategic objectives.

Regulatory Compliance and Governance

The appointment adheres to all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Pradeep Mantri is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other regulatory authority.

Key compliance aspects include:

• Full compliance with Regulation 30 disclosure requirements
• Adherence to SEBI Circular No. SEBI/HO/CFD/CFD-PoD 1/P/CIR/2023/123 dated July 13, 2023
• No relationship with existing directors of the company
• Proper board and committee approvals obtained

Corporate Structure Impact

The appointment strengthens True Green Bio Energy Limited's leadership team with experienced professional expertise. Mr. Mantri's role as Whole-Time Director will involve active participation in the company's day-to-day operations and strategic decision-making processes. His position as Additional Director (Executive) provides immediate board representation pending the formal shareholder approval process.

The company operates from its registered office and factory located at 396(P)-395/4(P), Moraiya Village, Sarkhej-Bavla Highway, Ahmedabad-382210, Gujarat. True Green Bio Energy Limited, formerly known as CIL Nova Petrochemicals Ltd., continues to expand its leadership capabilities through strategic appointments like Mr. Mantri's induction to the board.

True Green Bio Energy Limited has disclosed the creation of pledges on equity shares by two of its promoter group entities under SEBI regulations. The company informed BSE Limited on December 19, 2025, about the pledge arrangements made by Chiripal Exim LLP and Devkinandan Corporation LLP for working capital facility purposes.

Pledge Details by Promoter Groups

Both promoter group entities created their respective pledges on November 6, 2025, with True Green Bio Energy Limited serving as the pledgee in both cases. The pledges were established to facilitate working capital requirements for the respective entities.

Post-Transaction Shareholding Position

Following these pledge transactions, the cumulative pledged shareholdings of both promoter group entities have been updated:

• Chiripal Exim LLP's total pledged shares: 57.41 lakh equity shares

  • 17.42% of the promoter group shareholding
  • 18.92% of the company's total share capital

• Devkinandan Corporation LLP's total pledged shares: 45.57 lakh equity shares

  • 13.83% of the promoter group shareholding
  • 16.26% of the total share capital

Regulatory Compliance

The disclosure was made pursuant to Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the disclosure of creation of pledges by promoter groups. The company, formerly known as CIL Nova Petrochemicals Limited, maintains its registered office and factory at Moraiya Village, Sarkhej-Bavla Highway, Ahmedabad, Gujarat.

The pledge arrangements demonstrate the promoter groups' commitment to supporting working capital requirements while maintaining transparency with regulatory authorities and stakeholders through timely disclosures.