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 L17111GJ2003PLC043354. 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 the financials filed for FY 2025, the company reported a revenue of ₹23.42 Cr, reflecting significant growth compared to the previous year.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressSurvey No. 396 (P) 395/4 (P) Moraiya Village Sarkhej – Bavla Highway Tal. Sanand, Ahmedabad, Gujarat, India – 382210
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IndustryManufacturing, Textile & Fabric Production
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 | ********* |
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 8 directors, with 26 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Jyotiprasad Devkinandan Chiripal
Also directs:
Nandan Chiripal Energy Coporation Llp, Devkinandan Corporation Llp, Solidus Reality Llp and 5 more
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Director | 17 Dec 2003 | 22 Years 6 Months | Current |
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Pooja Smit Shah
Also directs:
True Green Bio Energy Limited
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Director | 14 Sep 2020 | 5 Years 9 Months | Current |
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Chintan Kanaiyalal Patel
Also directs:
True Green Bio Energy Limited, Hbp Albums Private Limited
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Director | 14 Sep 2020 | 5 Years 9 Months | Current |
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Pradeep Mantri
Also directs:
True Green Bio Energy Limited
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Whole-Time Director | 05 Feb 2026 | 0 Years 5 Months | Current |
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Suresh Chatterjee
Also directs:
True Green Bio Energy Limited, Nandan Denim Limited
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Director | 12 Aug 2025 | 0 Years 10 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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
| 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 |
| 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 | - | - |
Shareholding Pattern of True Green Bio Energy Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 61.27%, foreign institutional investors hold 25.18%, domestic institutional investors hold 0.08%, retail and other public shareholders hold 13.47% of True Green Bio Energy Limited. The company had 7,480 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 61.27% | 61.27% | 61.27% | 61.27% | 67.49% | 69.34% |
| Public | 38.73% | 38.73% | 38.73% | 38.73% | 32.51% | 30.66% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 61.27% | 67.49% | 74.51% |
| Public | 38.73% | 32.51% | 25.49% |
| Promoter change (YoY, %pts) | -6.22 | -7.02 | - |
Charges & Borrowings of True Green Bio Energy Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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
True Green Bio Energy Limited has a workforce of 22 employees as of Apr 07, 2024.
Employee Count & EPFO Data of True Green Bio Energy Limited
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GST Compliance of True Green Bio Energy Limited
GSTIN & GST Filing Data of True Green Bio Energy Limited
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Credit Ratings, Litigation & Regulatory Alerts for True Green Bio Energy Limited
Credit Ratings, Legal Cases & Regulatory Alerts of True Green Bio Energy Limited
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MSME Payment Delays by True Green Bio Energy Limited
MSME Payment Delays by True Green Bio Energy Limited
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Subsidiaries & Group Companies of True Green Bio Energy Limited
Subsidiaries & Group Companies of True Green Bio Energy Limited
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MCA Filings & Documents of True Green Bio Energy Limited
MCA Filings & Documents of True Green Bio Energy Limited
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Recent Activity on True Green Bio Energy Limited
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 ₹23.42 Cr for FY 2025 (up 5802.00% YoY).
The current directors of True Green Bio Energy Limited are:
- Jyotiprasad Devkinandan Chiripal
- Satish Ravishanker Bhatt
- Shashank Paranjape
- Pooja Smit Shah
- Chintan Kanaiyalal Patel
- Pradeep Mantri
- Siddhi Jayendra Shah
- Suresh Chatterjee
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.