TruAlt Bioenergy Limited has informed the Exchange about General Updates
TRUALT · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.8 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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TruAlt Bioenergy's board approved providing a corporate guarantee for 51% of the project cost and pledging 51% of its equity shares in subsidiary Trualt Gas Private Limited (TGPL) as security to NABARD. NABARD has sanctioned a ₹180 crore term loan to TGPL for setting up 3 Compressed Biogas (CBG) plants of 20 tonnes per day capacity each. TGPL is a joint venture where TruAlt holds 51% and Japan's Sumitomo Corporation holds 49%, and the guarantee and pledge are proportional to their shareholding. The directors clarified that the pledge is on subsidiary shares only and does not affect the listed entity's shareholding pattern, with no material financial impact on TruAlt beyond disclosure in financial statements.
This signals a major capacity expansion in CBG for the TruAlt-Sumitomo JV, backed by a ₹180 crore NABARD loan. While the contingent liability could weigh on TruAlt if TGPL defaults, the proportional guarantee structure and strategic JV with Sumitomo reduce the risk. Investors should monitor CBG plant execution timelines and TGPL's debt servicing ability.