True Green Bio Energy Limited, formerly known as CIL Nova Petrochemicals Ltd, has announced the resignation of Rajan Srivastava (DIN: 10461210) from his position as Whole-time Director and President, effective November 8, 2025. The company made this disclosure in compliance with SEBI listing regulations.

Resignation Details

According to the company's filing, Srivastava's departure is attributed to personal reasons. The director has confirmed that there are no other material reasons for his resignation beyond those mentioned in his resignation letter.

Company Information

TrueGreen BioEnergy Limited, headquartered in Ahmedabad, Gujarat, operates in the renewable energy sector. The company's registered office and factory are located at 396(P)-395/4(P), Moraiya Village, Sarkhej-Bavla Highway, Ahmedabad-382210, Gujarat.

Key Details of the Resignation

The company has stated that this information has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter and related details have been submitted to the BSE Limited for record-keeping purposes.

As of now, TrueGreen BioEnergy Limited has not announced any immediate plans for replacing Srivastava or restructuring its board following this resignation.

True Green Bio Energy Limited , formerly known as CIL Nova Petrochemicals Ltd., has announced the successful commencement of commercial operations at its new 300 KLPD (Kilo Liters Per Day) grain-based ethanol plant in Ahmedabad, Gujarat. This strategic move positions the company to capitalize on the growing demand for ethanol in India's energy sector.

Key Highlights

• Plant Capacity: 300 KLPD grain-based ethanol production
• Location: Ahmedabad, Gujarat
• Commercial Operations: Successfully commenced

Major Clients

The company has secured agreements to supply ethanol to several prominent oil and energy companies in India. The list of clients includes:

This diverse client base, comprising some of India's largest oil and gas companies, suggests a strong demand for True Green Bio Energy's ethanol production.

Regulatory Compliance

The company made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure underscores True Green Bio Energy's commitment to transparency and adherence to regulatory standards.

Industry Implications

The launch of this ethanol plant aligns with India's push towards increasing the use of biofuels in the transportation sector. Ethanol blending in petrol is seen as a strategy to reduce the country's dependence on fossil fuel imports and decrease carbon emissions.

The commencement of operations at this new plant may potentially impact the domestic ethanol market, contributing to the supply side of the equation. It remains to be seen how this additional capacity will influence ethanol prices and the broader biofuel industry in India.

As True Green Bio Energy Limited embarks on this new venture, stakeholders will be keenly watching its performance and the potential impact on the company's financial results in the coming quarters.