True Green Bio Energy Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials and compliance.
CIN L17111GJ2003PLC043354 Incorporated 17 December 2003 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: BE : CNOVAPETRO · BSE: 533407 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹283.7 Cr
▲ 1117.97% YoY
Computed EBITDA · FY 2026
₹61.03 Cr
▲ 14873.31% YoY
Net profit · FY 2026
₹31.33 Cr
▲ 1529.07% YoY
Authorised capital
₹45 Cr
Registered with MCA
Paid-up capital
₹32.96 Cr
Issued & subscribed
Open charges
₹351.07 Cr
Satisfied ₹66.32 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
22
Latest available

About True Green Bio Energy Limited

Data last updated: 01 July 2026

True Green Bio Energy Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in textile and fabric production, a part of the broader manufacturing sector. Incorporated on 17 December 2003, the company has been in operation for over 23 years.

Registered with ROC Ahmedabad under CIN U17111GJ2003PLC043354. Listed on BSE: 533407 and NSE: BE : CNOVAPETRO.

Capital: an authorised share capital of ₹45 Cr and a paid-up capital of ₹32.96 Cr. Formerly known as Nova Polyyarn Limited. It is led by directors including Jyotiprasad Devkinandan Chiripal and Pooja Smit Shah.

Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Survey No. 396 (P) 395/4 (P) Moraiya Village Sarkhej – Bavla Highway Tal. Sanand, Ahmedabad, Gujarat, India – 382210.

As per NSE-filed standalone financials for FY 2026, the company reported a revenue of ₹283.7 Cr, reflecting significant growth compared to the previous year. The net worth stands at ₹158.92 Cr (up 37.08% YoY). Total assets are valued at ₹557.74 Cr (up 78.61% YoY).

The company has a workforce of approximately 22 employees as per the latest available data.

The company is associated with 1 brand - Cil Nova Petrochemicals. As per MCA filings, the company has open charges of ₹351.07 Cr and satisfied charges of ₹66.32 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cnpcl.com.

Company Details of True Green Bio Energy Limited
CIN L17111GJ2003PLC043354
Registration Number 043354
Incorporation Date 17 December 2003
ROC Ahmedabad
Listing Status Listed (BSE: 533407, NSE: BE : CNOVAPETRO)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    Survey No. 396 (P) 395/4 (P) Moraiya Village Sarkhej – Bavla Highway Tal. Sanand, Ahmedabad, Gujarat, India – 382210
  • Industry
    Manufacturing, Textile & Fabric Production
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Financials, compliance, directors, charges, ownership and filings for True Green Bio Energy Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of True Green Bio Energy Limited

True Green Bio Energy Limited has one previous CIN (Corporate Identification Number): U17111GJ2003PLC043354. The current CIN is L17111GJ2003PLC043354, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L17111GJ2003PLC043354 Current
U17111GJ2003PLC043354 Previous

Associated Brands with True Green Bio Energy Limited

True Green Bio Energy Limited operates one associated brand: CIL NOVA PETROCHEMICALS. These brands represent True Green Bio Energy Limited's diversified market presence and brand portfolio.

Brand Description Website
POY, FDY, PTY, and DTY polyester yarns are produced. cnpcl.com

Business Activity of True Green Bio Energy Limited

True Green Bio Energy Limited is engaged in the principal business activity of manufacturing, with detailed activities including textile, leather and other apparel products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C2 Textile, leather and other apparel products Locked
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Auditor Details of True Green Bio Energy Limited

True Green Bio Energy Limited is audited by J.T. SHAH & CO. (ICAI peer reviewed, certificate valid till 2028-02-29) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
J.T. SHAH & CO. (ICAI peer reviewed, certificate valid till 2028-02-29) FY 2026 Declaration of unmodified opinion

Board of Directors of True Green Bio Energy Limited

True Green Bio Energy Limited is currently managed by 5 directors, with 22 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Jyotiprasad Devkinandan Chiripal Director 17 Dec 2003 22 Years 7 Months Current
Pooja Smit Shah Director 14 Sep 2020 5 Years 10 Months Current
Chintan Kanaiyalal Patel Director 14 Sep 2020 5 Years 10 Months Current
Pradeep Mantri Whole-Time Director 05 Feb 2026 0 Years 5 Months Current
Suresh Chatterjee Director 12 Aug 2025 0 Years 11 Months Current

Financials of True Green Bio Energy Limited FY 2026 filings available

True Green Bio Energy Limited reported revenue of ₹283.7 Cr (up 1117.97% YoY) for FY 2026.

Revenue · FY 2026
₹283.7 Cr ▲ 1117.97%
Profit · FY 2026
₹31.33 Cr ▲ 1529.07%
Computed EBITDA · FY 2026
₹61.03 Cr ▲ 14873.31%
Revenue₹ Cr · Standalone0100200300FY 2019: ₹249 Cr249FY 2019FY 2020: ₹196 Cr · -21.2% YoY196-21.2%FY 2020FY 2021: ₹154 Cr · -21.4% YoY154-21.4%FY 2021FY 2022: ₹296 Cr · +92.1% YoY296+92.1%FY 2022FY 2023: ₹0 Cr · -100% YoY0-100%FY 2023FY 2024: ₹0 Cr0FY 2024FY 2025: ₹23 Cr23.3FY 2025FY 2026: ₹284 Cr · +1118% YoY284+1118%FY 2026
Net Profit₹ Cr · Standalone-2002040FY 2019: ₹1 Cr (loss)-1.3FY 2019FY 2020: ₹3 Cr (loss) · -141% YoY-3FY 2020FY 2021: ₹5 Cr · +274.9% YoY5.3+274.9%FY 2021FY 2022: ₹8 Cr · +47% YoY7.8+47%FY 2022FY 2023: ₹6 Cr (loss) · -175.7% YoY-5.9FY 2023FY 2024: ₹1 Cr · +113.7% YoY0.8+113.7%FY 2024FY 2025: ₹2 Cr (loss) · -369.1% YoY-2.2FY 2025FY 2026: ₹31 Cr · +1529.1% YoY31.3+1529.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0100200Q1'25: ₹3 Cr3.3Q1'25Q2'25: ₹15 Cr15.1Q2'25Q3'25: ₹2 Cr1.8Q3'25Q4'25: ₹3 Cr3.1Q4'25Q1'26: ₹7 Cr · +114.8% YoY7+114.8%Q1'26Q2'26: ₹2 Cr · -85.4% YoY2.2-85.4%Q2'26Q3'26: ₹84 Cr · +4472.5% YoY84.2+4472.5%Q3'26Q4'26: ₹190 Cr · +6077.8% YoY190+6077.8%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹283.7 Cr ₹23.29 Cr ₹0 ₹0 ₹296.16 Cr ₹154.2 Cr ₹196.29 Cr ₹248.97 Cr
Other Income ₹31.27 Lakh ₹13.16 Lakh ₹39.69 Lakh ₹7.89 Lakh ₹2.54 Cr ₹1.61 Cr ₹2.36 Cr ₹2.17 Cr
Total Income ₹284.01 Cr ₹23.42 Cr ₹39.69 Lakh ₹7.89 Lakh ₹298.7 Cr ₹155.81 Cr ₹198.66 Cr ₹251.14 Cr
Cost of Materials Consumed ₹180.7 Cr ₹11.38 Cr ₹0 ₹0 ₹192.31 Cr ₹86.95 Cr ₹144.63 Cr ₹191.46 Cr
Purchases of Stock-in-Trade ₹12.28 Cr ₹8.04 Cr ₹0 ₹0 ₹35.41 Cr ₹13.95 Cr ₹52.79 Lakh ₹6.12 Cr
Changes in Inventories -₹14.63 Cr ₹0 ₹0 ₹0 -₹12.89 Cr ₹6.03 Cr ₹2.73 Cr -₹3.31 Cr
Employee Benefit Expense ₹8.52 Cr ₹1.33 Cr ₹58.63 Lakh ₹0 ₹12.05 Cr ₹6.95 Cr ₹10.98 Cr ₹11.04 Cr
Finance Costs ₹12.8 Cr ₹8.38 Lakh ₹15.01 Lakh ₹0 ₹2.63 Cr ₹2.54 Cr ₹3.79 Cr ₹3.72 Cr
Depreciation & Amortisation ₹6.24 Cr ₹1.54 Cr ₹1.92 Cr ₹1.25 Cr ₹4.26 Cr ₹4.12 Cr ₹4.24 Cr ₹4.65 Cr
Other Expenses ₹36.1 Cr ₹2.27 Cr ₹1.15 Cr ₹29.42 Lakh ₹55.43 Cr ₹28.82 Cr ₹34.79 Cr ₹38.71 Cr
Total Expenses ₹242.01 Cr ₹24.64 Cr ₹3.8 Cr ₹1.55 Cr ₹289.2 Cr ₹149.36 Cr ₹201.7 Cr ₹252.39 Cr
Profit Before Exceptional Items & Tax ₹42 Cr -₹1.22 Cr -₹3.4 Cr -₹1.47 Cr ₹9.5 Cr ₹6.45 Cr -₹3.05 Cr -₹1.25 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹42 Cr -₹1.22 Cr -₹3.4 Cr -₹1.47 Cr ₹9.5 Cr ₹6.45 Cr -₹3.05 Cr -₹1.25 Cr
Total Tax Expense ₹10.67 Cr ₹0 -₹16.12 Lakh ₹0 ₹1.66 Cr ₹1.12 Cr ₹0 ₹1.8 Lakh
Net Profit ₹31.33 Cr -₹2.19 Cr ₹81.48 Lakh -₹5.93 Cr ₹7.83 Cr ₹5.33 Cr -₹3.05 Cr -₹1.26 Cr
Other Comprehensive Income ₹4.03 Lakh ₹49,000 ₹0 ₹49.72 Lakh ₹5.67 Lakh ₹4.4 Lakh ₹9.29 Lakh ₹2.74 Lakh
Total Comprehensive Income ₹31.37 Cr -₹2.19 Cr ₹81.48 Lakh -₹5.43 Cr ₹7.89 Cr ₹5.38 Cr -₹2.96 Cr -₹1.24 Cr
EBITDA (computed) ₹61.03 Cr ₹40.76 Lakh -₹1.34 Cr -₹21.53 Lakh ₹16.38 Cr ₹13.11 Cr ₹4.99 Cr ₹7.12 Cr
Basic EPS ₹9.58 ₹-0.41 ₹-0.54 ₹-0.54 ₹2.89 ₹1.97 ₹-1.12 ₹-0.47
Diluted EPS ₹9.58 ₹-0.73 ₹-0.58 ₹-0.54 ₹2.89 ₹1.97 ₹-1.12 ₹-0.47
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2019
Total Assets ₹557.74 Cr ₹312.26 Cr ₹111.83 Cr ₹90.72 Cr ₹155.71 Cr ₹165.06 Cr ₹167.18 Cr
Non-current Assets ₹360.33 Cr ₹273.69 Cr ₹104.75 Cr ₹60.89 Cr ₹88.26 Cr ₹90.19 Cr ₹92.06 Cr
Current Assets ₹197.4 Cr ₹38.57 Cr ₹6.69 Cr ₹10.24 Cr ₹67.46 Cr ₹74.87 Cr ₹75.13 Cr
Property, Plant & Equipment ₹340.27 Cr ₹56.65 Cr ₹61.3 Cr ₹58.32 Cr ₹82.43 Cr ₹83.77 Cr ₹81.5 Cr
Inventories ₹39.16 Cr ₹2.93 Cr ₹1.28 Cr ₹2.08 Cr ₹33.27 Cr ₹31.02 Cr ₹26.97 Cr
Trade Receivables ₹73.66 Cr ₹2.5 Cr ₹2.37 Cr ₹6.23 Cr ₹28.25 Cr ₹36.84 Cr ₹40.19 Cr
Cash & Equivalents ₹19.09 Cr ₹2.8 Cr ₹59.19 Lakh ₹14.82 Lakh ₹2.6 Lakh ₹55,000 ₹6.84 Lakh
Equity (Net Worth) ₹158.92 Cr ₹115.93 Cr ₹88.74 Cr ₹87.91 Cr ₹93.35 Cr ₹85.46 Cr ₹83.04 Cr
Equity Share Capital ₹32.96 Cr ₹29.92 Cr ₹27.1 Cr ₹27.1 Cr ₹27.1 Cr ₹27.1 Cr ₹27.1 Cr
Borrowings (Non-current) ₹227.25 Cr ₹152.38 Cr ₹6.24 Lakh ₹13.07 Lakh ₹1.31 Cr ₹2.99 Lakh ₹10.47 Lakh
Borrowings (Current) ₹113.08 Cr ₹21.22 Cr ₹17.52 Cr ₹9.13 Lakh ₹25.45 Cr ₹19.53 Cr ₹23.98 Cr
Total Debt (computed) ₹340.33 Cr ₹173.6 Cr ₹17.58 Cr ₹22.2 Lakh ₹26.76 Cr ₹19.56 Cr ₹24.08 Cr
Current Liabilities ₹166.91 Cr ₹43.95 Cr ₹23.03 Cr ₹2.67 Cr ₹49.97 Cr ₹68.44 Cr ₹73.19 Cr
Total Liabilities ₹398.81 Cr ₹196.33 Cr ₹23.09 Cr ₹2.8 Cr ₹62.36 Cr ₹79.61 Cr ₹84.15 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹46.82 Cr -₹31.14 Cr ₹2.63 Cr -₹24.36 Cr ₹3.24 Cr
Investing Cash Flow -₹104.53 Cr -₹151.81 Cr -₹15.9 Cr ₹3.27 Cr ₹3.7 Cr
Financing Cash Flow ₹167.63 Cr ₹185.15 Cr -₹13.71 Cr -₹27.51 Cr -₹2.71 Cr
Capital Expenditure -₹95.33 Cr -₹157.23 Cr ₹40.74 Cr ₹4.47 Cr -₹2.96 Cr
Free Cash Flow (computed) -₹142.14 Cr -₹188.36 Cr -₹38.11 Cr -₹28.83 Cr ₹27.99 Lakh
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹16.29 Cr ₹2.21 Cr ₹44.37 Lakh -₹48.61 Cr ₹4.23 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹190.28 Cr ₹84.2 Cr ₹2.2 Cr ₹7.02 Cr ₹3.08 Cr ₹1.84 Cr ₹15.1 Cr ₹3.27 Cr
Other Income -₹74.32 Lakh ₹11.46 Lakh ₹90.73 Lakh ₹3.39 Lakh -₹1.53 Cr ₹60.09 Lakh ₹1.06 Cr ₹0
Total Income ₹189.53 Cr ₹84.32 Cr ₹3.11 Cr ₹7.05 Cr ₹1.55 Cr ₹2.44 Cr ₹16.16 Cr ₹3.27 Cr
Cost of Materials Consumed ₹126.43 Cr ₹49.8 Cr ₹49.66 Lakh ₹3.98 Cr ₹2.35 Cr ₹97.1 Lakh ₹5.92 Cr ₹2.14 Cr
Purchases of Stock-in-Trade ₹12.28 Cr ₹0 ₹0 ₹0 -₹8,000 ₹0 ₹8.04 Cr ₹0
Changes in Inventories -₹13.17 Cr -₹1.46 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹3.79 Cr ₹3.81 Cr ₹54.94 Lakh ₹37.03 Lakh ₹41.45 Lakh ₹39.66 Lakh ₹28.22 Lakh ₹23.83 Lakh
Finance Costs ₹6.34 Cr ₹6.46 Cr ₹4,000 ₹19,000 -₹11.61 Lakh ₹1.2 Lakh ₹18.12 Lakh ₹67,000
Depreciation & Amortisation -₹2.48 Cr ₹8.11 Cr ₹27.18 Lakh ₹34.29 Lakh ₹25.26 Lakh ₹30.21 Lakh ₹62.94 Lakh ₹35.69 Lakh
Other Expenses ₹17.48 Cr ₹16.56 Cr ₹1.11 Cr ₹95.49 Lakh ₹77.83 Lakh ₹28.16 Lakh ₹72.55 Lakh ₹48.58 Lakh
Total Expenses ₹150.67 Cr ₹83.28 Cr ₹2.43 Cr ₹5.65 Cr ₹3.68 Cr ₹1.96 Cr ₹15.78 Cr ₹3.22 Cr
Profit Before Exceptional Items & Tax ₹38.87 Cr ₹1.04 Cr ₹68.44 Lakh ₹1.4 Cr -₹2.13 Cr ₹47.91 Lakh ₹38.69 Lakh ₹4.44 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹38.87 Cr ₹1.04 Cr ₹68.44 Lakh ₹1.4 Cr -₹2.13 Cr ₹47.91 Lakh ₹38.69 Lakh ₹4.44 Lakh
Total Tax Expense ₹10.19 Cr -₹1.15 Cr -₹17.13 Lakh ₹1.79 Cr -₹77.48 Lakh ₹76.98 Lakh -₹2.66 Lakh ₹34.18 Lakh
Net Profit ₹28.67 Cr ₹2.19 Cr ₹85.57 Lakh -₹38.72 Lakh -₹2.33 Cr -₹29.07 Lakh ₹38.18 Lakh -₹29.74 Lakh
Other Comprehensive Income ₹4.03 Lakh ₹0 ₹0 ₹0 ₹49,000 ₹0 ₹0 ₹0
Total Comprehensive Income ₹28.71 Cr ₹2.19 Cr ₹85.57 Lakh -₹38.72 Lakh -₹2.32 Cr -₹29.07 Lakh ₹38.18 Lakh -₹29.74 Lakh
EBITDA (computed) ₹42.72 Cr ₹15.6 Cr ₹95.66 Lakh ₹1.75 Cr -₹1.99 Cr ₹79.32 Lakh ₹1.2 Cr ₹40.8 Lakh
Basic EPS ₹8.77 ₹0.17 ₹0.07 ₹-0.03 ₹-0.45 ₹-0.11 ₹0.14 ₹-11.00
Diluted EPS ₹8.77 ₹0.17 ₹0.07 ₹-0.03 ₹-0.78 ₹0.00 ₹0.14 ₹0.00
Latest 8 quarters shown.
Segment · Q3 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Revenue from Operations ₹84.32 Cr ₹84.32 Cr ₹0 ₹0
Segment · FY 2025 (annual) Revenue Result (PBIT) Assets Liabilities
Segment value of sales and service (revenue) ₹0 ₹0 - -
Ethanol ₹11.23 Lakh -₹3.38 Cr - -
Yarn ₹25.35 Cr ₹3.95 Cr - -
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Charges & Borrowings of True Green Bio Energy Limited

Open charges
₹351.07 Cr
Satisfied charges
₹66.32 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹351.00 Cr
Hdfc Bank Limited₹0.07 Cr
Latest charge details
DateLenderAmountStatus
29 Aug 2024 Sbicap Trustee Company Limited ₹351 Cr Open
29 Nov 2021 Hdfc Bank Limited ₹7.14 Lakh Open
12 Jan 2022 State Bank of India ₹1.1 Cr Satisfied
13 Sep 2011 State Bank of India ₹28.65 Cr Satisfied
03 Jun 2011 State Bank of India ₹28.65 Cr Satisfied

Total charge records: 6 View all charges

Employees and EPFO Compliance at True Green Bio Energy Limited

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Employee and EPFO history for True Green Bio Energy Limited

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GST Compliance of True Green Bio Energy Limited

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Credit Ratings, Litigation & Regulatory Alerts for True Green Bio Energy Limited

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MSME Payment Delays by True Green Bio Energy Limited

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MSME payment history for True Green Bio Energy Limited

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Subsidiaries & Group Companies of True Green Bio Energy Limited

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MCA Filings & Documents of True Green Bio Energy Limited

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MCA filings and documents for True Green Bio Energy Limited

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Recent Activity on True Green Bio Energy Limited

Directors
05 Feb 2026
Pradeep Mantri was appointed as a Whole-time director on 05 Feb 2026 & has been associated with this company since 5 months 15 days.
Charges
29 Oct 2025
A charge with Sbicap Trustee Company Limited of Rs. 351.00 Cr registered on 29 Aug 2024 with Charge ID 100969276 was modified on 29 Oct 2025.
Directors
16 Oct 2025
Siddhi Jayendra Shah was appointed as a Company Secretary on 16 Oct 2025 & has been associated with this company since 9 months 5 days.
Activity
29 Sep 2025
True Green Bio Energy Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Directors
12 Aug 2025
Suresh Chatterjee was appointed as a Director on 12 Aug 2025 & has been associated with this company since 11 months 9 days.
Activity
31 Mar 2025
True Green Bio Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.

Recent News on True Green Bio Energy Limited

Frequently Asked Questions about True Green Bio Energy Limited

True Green Bio Energy Limited is an active public limited company in the manufacturing sector based in Ahmedabad, Gujarat, India. It was incorporated on 17 December 2003 (23+ years old) and is registered under CIN L17111GJ2003PLC043354. Listed on BSE: 533407 and NSE: BE : CNOVAPETRO. The company has 22 employees.

True Green Bio Energy Limited reported revenue of ₹283.7 Cr for FY 2026 (up 1117.97% YoY) based on standalone NSE filings.

The current directors of True Green Bio Energy Limited are:

The primary industry of True Green Bio Energy Limited is manufacturing. The company specifically operates in textile and fabric production. The company is currently active in this sector.

Yes. True Green Bio Energy Limited is listed on both BSE (code: 533407) and NSE (symbol: BE : CNOVAPETRO).

True Green Bio Energy Limited can be reached at the registered office: Survey No. 396 P 3954 P Moraiya Village Sarkhej – Bavla Highway Tal. Sanand, Ahmedabad, Gujarat, India – 382210, or through the website cnpcl.com.

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