True Green Bio Energy Limited has issued a formal clarification to BSE Limited regarding recent unusual price and volume movements in its stock. The company responded to BSE's inquiry dated 4th March 2026 through a regulatory filing on 5th March 2026.

Regulatory Compliance Statement

The company has categorically stated that it has not withheld any material information or events that are required to be disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the management confirmed that there is no other material information or event that would have a bearing on the price or volume behavior of the scrip.

Market-Driven Movement

True Green Bio Energy Limited emphasized that the increase in price and volume of its scrip is purely due to market conditions and is absolutely market-driven. The management has clarified that it is in no way connected with any such increase or decrease in price or volume of the company's scrip.

Corporate Authorization

The clarification was signed by Siddhi Shah, Company Secretary and Compliance Officer (Membership No.: A44885), who digitally signed the document on 5th March 2026 at 12:43:34 +05'30'. The filing represents the company's commitment to maintaining transparency with regulatory authorities and ensuring compliance with disclosure requirements.

This clarification follows standard regulatory practice where stock exchanges seek explanations from listed companies when their securities experience unusual price or volume movements to ensure market integrity and investor protection.

True green bio energy Limited has announced the submission of its standalone unaudited financial results for the quarter ended December 31, 2025. The company informed BSE Limited about the Board's approval of these quarterly results in compliance with regulatory requirements.

Board Meeting and Regulatory Compliance

The Board of Directors of True Green Bio Energy Limited convened on Saturday, February 14, 2026, to consider and approve the standalone unaudited financial results for Q3FY26. The meeting details are as follows:

The approval was conducted in accordance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the results along with a Limited Review Report to the stock exchange.

Company Information

True Green Bio Energy Limited, formerly known as CIL Nova Petrochemicals Limited, operates from its registered office and factory located at Moraiya Village, Sarkhej-Bavla Highway, Ahmedabad, Gujarat. The company trades on BSE Limited under the security code TRUEGREEN/533407.

Corporate Structure

The quarterly results submission was signed by Siddhi Shah, Company Secretary & Compliance Officer (Membership No. A44885), ensuring proper corporate governance protocols were followed. The company maintains its corporate office at Chiripal House, Shivranjani Cross Road, Satellite, Ahmedabad, Gujarat.