StockWatch
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Other Agricultural Products
Corporate Action22 Sept 2026, 05:31 pm

Trualt Bioenergy Board appoints director, invests ₹29.68 Cr in subs

AI Summary

Trualt Bioenergy's Board of Directors approved several key decisions on September 22, 2026. Dr. Sarvamangala R Patil was appointed as an Additional Non-Executive Independent (Woman) Director. The Board also sanctioned additional investments totaling ₹29.68 crore in its subsidiaries: ₹21.42 crore in Leafiniti Bioenergy Private Limited and ₹8.26 crore in TruAlt Sumi Gas Private Limited. Furthermore, the Board approved a Draft Postal Ballot Notice to seek shareholder approval for Dr. Patil's appointment and appointed a Scrutinizer and e-voting agency for the postal ballot process.

Key Highlights

  • Board appointed Dr. Sarvamangala R Patil as Independent Director.
  • Company to invest ₹21.42 Cr in Leafiniti Bioenergy subsidiary.
  • Company to invest ₹8.26 Cr in TruAlt Sumi Gas subsidiary.
  • Total additional investment in subsidiaries amounts to ₹29.68 crore.
  • Draft Postal Ballot Notice approved for director appointment.