StockWatch
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Other Agricultural Products
Shareholding24 Sept 2026, 10:08 pm

TruAlt Bioenergy: Promoter Group Pledges 14 Lakh Shares

AI Summary

Nirani Holdings Private Limited, a promoter group of TruAlt Bioenergy Limited, has created a pledge on 14,00,000 equity shares of the company. These shares represent 1.63% of the total share capital. The pledge was made with Jio Credit Limited as security for debt availed by promoters Mr. Vijaykumar Nirani and Mr. Vishal Nirani. This action is intended to finance the acquisition of TruAlt Bioenergy shares, aiming to increase their shareholding in the company.

Key Highlights

  • Promoter group Nirani Holdings pledged 14,00,000 equity shares.
  • The pledged shares constitute 1.63% of the total share capital.
  • Pledge created with Jio Credit Limited as security for promoter debt.
  • Debt is for financing acquisition of TruAlt Bioenergy shares.
  • Objective is to increase promoter group's shareholding.